Spar Group lost nearly R2.8bn in market value after its shares fell the most since mid-February, signalling a market disappointment in its year-end results in which the retailer reported a 5% growth in headline profit.

The shares on the JSE closed 7.32% lower at R181.94 on Wednesday, underperforming the broader all-share index, which was unchanged...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now