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LATEST NEWS FOR The SPAR Group Ltd.  

The SPAR group acts as a wholesaler and distributor of goods and services to SPAR supermarkets, Build it building materials outlets, and TOPS at SPAR liquor stores.... [more info]

Woolworths SA CEO Zyda Rylands to take early retirement from top post

23 Aug 2021 /  Suren Naidoo   2
But board asks her to stay on until 2024 back as head of the burgeoning Woolworths Food division.

Standard Bank to cut space by as much a quarter, targets 15m SA clients

23 Aug 2021 /  Moneyweb   19
Already saving R400m per year from branch and head office space reductions.

Mboweni and Mogajane announce R36.2bn in new economic support following unrest

28 Jul 2021 /  Suren Naidoo   23
For affected businesses, social relief for poor South Africans as well as more funds for the police and national defence forces.

Pick n Pay: 136 stores were looted, damaged

21 Jul 2021 /  Suren Naidoo   17
Two of the group’s distribution centres in Pinetown Durban were also ransacked and vandalised.

The scale of the destruction

UPDATE
19 Jul 2021 /  Moneyweb   80
Early estimates from some of the major players are in – and the numbers are huge.

SA’s big retail chains race to restock looted stores

16 Jul 2021 /  Nqobile Dludla, Reuters  
SPAR trucks were dispatched on Friday.

Liquor industry wants state of emergency following looting, property destruction

15 Jul 2021 /  Suren Naidoo   4
Over 200 bottlestores and several major liquor warehouses in KZN and Gauteng ransacked by rioters; add retail stores and it's closer to 800.

Durban chamber sends another SOS to Ramaphosa

14 Jul 2021 /  Suren Naidoo and Palesa Mofokeng   42
Appeals for a state of emergency in KZN, while the SA Property Owners Association calls for greater action to stem looting and destruction.

The legal dangers of a side hustle

13 Jul 2021 /  Fifi Peters   1
Entrepreneurs and startups can avoid possible missteps or penalties if they fully understand the legal prescripts that apply to their business: Dominique Arteiro – Werksmans Attorneys.

‘We will defeat those who seek to destabilise our country’ – Ramaphosa

13 Jul 2021 /  Suren Naidoo   80
President calls in the army following looting and violent demonstrations by pro-Zuma supporters in KwaZulu-Natal and some areas of Gauteng.

SA hospitality stocks sink as government tightens Covid-19 restrictions

28 Jun 2021 /  Nqobile Dludla and Olivia Kumwenda-Mtambo, Reuters  
To cope with new coronavirus infections.

Even passive requires an active choice

26 May 2021 /  Simon Brown   
Nesan Nair from Sasfin Securities unpacks the latest results from Coronation and Reinet. A look at Spar results with CEO Brett Botten. Satrix's Nico Katzke talks style investing.

Strong Switzerland, Ireland sales lift Spar’s earnings

25 May 2021 /  Nompu Siziba   
CEO Brett Botten discusses company showings across geographies, coping with lockdowns, the cigarette and liquor bans, even toilet paper scarcity – and the probable effect on current numbers.

Switzerland and Ireland shine for Spar, but Southern African growth slows

25 May 2021 /  Suren Naidoo  
JSE-listed supermarket giant declares interim dividend out of income reserves despite ongoing Covid-19 uncertainty

Who eats whom

25 May 2021 /  Keith McLachlan   8
Private labels challenge branded foods.

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