Tag: Spar Group

Shoprite opens 268 stores in South Africa
BusinessHot News

South Africa’s top retailer Shoprite opens 268 stores in $239 million push

Shoprite opens 268 stores in South Africa after R3.9bn investment, beating targets and widening lead over rivals.

Oluwatosin Alao Oluwatosin Alao
Spar revives 2U delivery app to challenge Checkers Sixty60 in South Africa
BusinessTechnology

Spar revives 2U delivery app to challenge Checkers Sixty60 in South Africa

Spar is revamping its 2U delivery app as it seeks to challenge Checkers Sixty60 in South Africa's online grocery market.

Oluwatosin Alao Oluwatosin Alao
BWG Group Chief Executive John Moane
BusinessGlobal News

South Africa’s BWG acquires franchise giant, plans 25 new outlets by 2030

BWG expands into fast food with Abgel deal, targeting 25 new Ireland outlets by 2030 amid QSR market growth.

Oluwatosin Alao Oluwatosin Alao
Super Star supermarket brand under SPAR Group, showcasing retail presence and store operations.
Hot NewsBusiness

SPAR Group posts weaker-than-expected first-half earnings on margin pressure

SPAR Group posts weaker-than-expected first-half earnings as margin pressure, impairments and promotions weigh on results in Southern Africa.

Omokolade Ajayi Omokolade Ajayi
The SPAR
BusinessHot News

South Africa’s SPAR exits UK market in $17.4 million disposal deal

SPAR Group exits UK in $17.4 million disposal, selling 71 stores as it shifts focus to Africa and Ireland, cutting debt and restructuring.

Timilehin Adejumobi Timilehin Adejumobi
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
Hot NewsBusiness

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
Hot NewsBusiness

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