sparlatest news & developments
Spar storefront. spar.co.za

Do shareholders still back Spar?

Spar says it has a turnaround plan in place. But after years of strategic missteps, retailers and analysts aren’t yet convinced

Spar cash register till. Rawpixel/Currency

Spar: our bankers are still behind us

With its shares at a 15-year low, Spar denies market rumours that it’s facing an existential cash crunch

Spar cash register till. Rawpixel/Currency

Can Spar finally stop tripping over itself?

Spar’s shares have risen on turnaround hopes, but years of operational failures mean the real test is still to come

Retail shopping bag. Rawpixel/Currency collage

The real story behind South Africa’s retail results

The latest retail results reveal more about businesses than consumers: when growth disappears, execution matters

Spar stock dive. Rawpixel/Currency collage

Spar: it just gets worse  

Spar’s loyalty levels with independent retailers may be worse than officially reported, and help explain its latest, surprise drop in profits

Spar seesaw. Rawpixel/Currency collage

Why Spar should not be listed on the JSE

Spar is its network of independent retailers. But their rights are trumped in an environment where shareholder demands count most

Spar storefront. spar.co.za

Spar independents push for board overhaul

Spar retailers say they’ve suffered as badly as shareholders through head office’s missteps, and want new management, fast

Spar chair Mike Bosman. Picture: Spar Group.

Spar retailers revolt, call for chair’s head

Spar’s guild members say Mike Bosman’s continued presence is untenable, and emblematic of the retail group’s decline

Shirley Zinn basket balance. Spar group / Rawpixel / Currency collage

Is Spar’s deputy chair the most overworked director in town?

Shirley Zinn has one of the most impressive CVs in the business, with major roles at 15-odd entities

Spar chair Mike Bosman. Picture: Spar Group.

Spar chair fails to soothe rattled investors  

Spar’s AGM was the chance for a rousing pep talk by chair Mike Bosman. But the problems with its guild are clearly far from over

Spare share price down. Rawpixel/Currency collage

When it rains, it pours for Spar

Between the exit of its CEO on Friday and a horror trading update on Monday, it’s fair to ask how much worse things can get for the retailer

Spar CEO Angelo Swartz

Spar CEO’s exit clouds turnaround hopes

Spar shares hit a record low after CEO Angelo Swartz resigned, leaving a leadership gap at a retailer still fighting to recover lost ground.

Spar in the boxing ring. Rawpixel/Currency collage

Spar’s family feud now includes SAP

Spar’s dispute with the Giannacopoulos family is intensifying, with a second, R168.7m claim now related to the KwaZulu-Natal SAP rollout

Technical

Spar charts a potential rebound

The share price of the grocery and household goods retailer may be headed for a rebound after recent weakness

Spar CEO Angelo Swartz

Spar doubles down in bid to nail ex-execs

The dubious decisions of its previous leadership continue to haunt Spar. But it hasn’t given up its efforts to reclaim damages from them

Spar. Picture: Currency.

How SAP nearly broke Spar

There’s a saying that if you can survive an SAP overhaul, you can survive anything. Just ask Spar

Spar’s bloody court odyssey

Spar’s last court action against the Giannacopoulos family has ended in yet another loss for the retailer, not to mention that R2.1bn damages claim

Clawback provisions. Spar

Spar fails to reclaim hefty bonuses from executives

For all its talk, Spar has proved unable to claw back the inappropriately generous remuneration paid to its former execs

Spar. Image by Currency News

Spar’s R3.7bn franchise fight

There’ll be no dividend for Spar shareholders again thanks to its overseas disasters, and now there’s a looming R4bn legal fight at home