Tag: Angelo Swartz

SPAR moves to rebuild revenue
BusinessTechnology

Spar faces investor exit after $250 million value loss in a week

South Africa’s retail sector is under renewed strain after Spar Group lost about $250 million in market value in a week, sending its shares to a 16-year low and unsettling investors on the Johannesburg Stock Exchange.  The sharp decline follows a wave of selling that has erased nearly a quarter of the grocery retailer’s market capitalization since last Friday. The…

Oluwatosin Alao Oluwatosin Alao
BusinessHot News

Days after Spar exit call, South African retail leader Angelo Swartz cites family as priority

South African retail leader Angelo Swartz steps back from Spar to focus on family and oversee a smooth leadership transition.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Spar Group CEO Angelo Swartz exits, CFO Reeza Isaacs set to take over

Spar Group CEO Angelo Swartz exits; CFO Reeza Isaacs takes over, inheriting a leaner, more focused retailer navigating tech and competition.

Omokolade Ajayi Omokolade Ajayi