Mr Price Group, South Africas biggest listed value fashion retailer, has raised concerns that the rapid rise of online gambling is competing with retailers for consumer spending, even as household incomes begin to recover.
Reporting annual results on Friday, Mr Price indicated there are signs that consumers have more money available after lower inflation, interest rate cuts and improving disposable incomes, but it has not translated into a meaningful boost for discretionary retail spending.
CEO Mark Blair said consumers are facing competing demands for their money.
