Spar sees slowing building boom in SA
Its local hardware business saw 27.6% growth but the pace has slowed significantly since March
Building sales have slowed in the past few months, says wholesaler Spar, suggesting that the home improvement boom that has boosted companies including Massmart-owned Builders and Pepkor’s Building Company is tapering off.
Spar, a wholesaler in Switzerland, Poland, Ireland and SA, released a 48-week trading update from October 1 to August 27. While its local hardware business saw 27.6% growth, the pace had slowed significantly since March...