Tag: grocery sector

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 February 28, 2026