Mr Price has appointed Thetele Mashilwane as its newest independent non-executive director, with effect from 2 September 2026.<\/p>\n\n\n\n
Mashilwane is a seasoned businesswoman in South Africa, holding executive positions in Client\u00e9le and Tiger Brands.<\/p>\n\n\n\n
She steps in as Mr Price is seeing strong results, with sales growth rising by 45.3% in the first quarter of the current financial year.<\/p>\n\n\n\n
The group has also seen success in international ventures, with strong sales growth in its European stores.<\/p>\n\n\n\n
Mashilwane is a chartered accountant and registered auditor who will bring both internal and external audit experience to the Mr Price Group.<\/p>\n\n\n\n
“Mashilwane is a seasoned chartered accountant and registered auditor, and has extensive experience in both internal and external audit and the provision of advisory services to clients,” Mr Price said.<\/p>\n\n\n\n
She is also the CEO and co-founder of Masa Risk Advisory Services, which she operates in addition to her several executive positions.<\/p>\n\n\n\n
In addition to her director roles, Mashilwane serves in various executive capacities at Capitec, Famous Brands, and Murray and Roberts.<\/p>\n\n\n\n
Despite recent strong trading updates, Mr Price has faced scepticism from shareholders over the past year.<\/p>\n\n\n\n
This largely came after its deal to acquire NKD, a European retailer, for approximately R9.6 billion, which was paid through a combination of cash and debt.<\/p>\n\n\n\n
The deal sparked a negative reaction from shareholders, with the company losing approximately R6 billion in market cap the day after the announcement.<\/p>\n\n\n\n
While the business has stabilised recently and shown promising signs, its share price remains approximately 21.2% lower year-on-year.<\/p>\n\n\n\n
On 20 August 2025, Mr Price’s share price was R213.00, which has since dropped to R167.75, with the largest decline coming in the wake of the NKD deal announcement.<\/p>\n\n\n\n
In the first quarter of the current financial year, Mr Price saw approximately R3.8 billion in sales from its NKD stores in Europe.<\/p>\n\n\n\n
While the results were positive, the business warned that the global environment was still highly volatile, particularly in the apparel industry.<\/p>\n\n\n\n
“The global macroeconomic environment remains uncertain as geopolitical tensions continue to fluctuate with low expectations of a near-term resolution,” the group said.<\/p>\n\n\n\n
“The resultant inflationary pressures and potential for further interest rate increases are expected to continue to weigh on consumer confidence and discretionary spending across the group’s key markets.”<\/p>\n\n\n\n
“Trading conditions are therefore expected to remain challenging and unpredictable over the balance of the financial year.”<\/p>\n","protected":false},"excerpt":{"rendered":"
Mr Price has appointed Thetele Mashilwane as independent director.<\/p>\n","protected":false},"author":131,"featured_media":856792,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"failed","_sma_x_autopost_error":"Instagram publishing failed: Instagram returned HTTP 400: Media ID is not available","_sma_x_post_id":"2090320451914346838","_sma_facebook_post_id":"191437357620492_2181395692680830","_sma_instagram_post_id":"","_sma_x_attempts":1,"footnotes":""},"categories":[9872],"tags":[1798,26227,2910,26226],"class_list":["post-871016","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-capitec","tag-clientele-2","tag-mr-price","tag-thetele-mashilwane"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/871016","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/131"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=871016"}],"version-history":[{"count":9,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/871016\/revisions"}],"predecessor-version":[{"id":871026,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/871016\/revisions\/871026"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/856792"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=871016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=871016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=871016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}