Retailer Mr Price has warned that SA households are becoming cautious with their spending as Covid-19 numbers rise and the effects of government support programmes wane, but its cash-based business model has helped with a record market share.

In a trading update the group reported total retail sales grew 5.8% to R7.5bn in the 13 weeks to December 26, adding that its market share grew 2.3 percentage points in October and November combined, the latest period for which Retailers Liaison Committee (RLC) data is available...

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