Spar civil unrest cost the group R638.4m
Retailer says the losses caused by damage to its core grocery, liquor and Build It businesses were adequately covered by insurance
17 November 2021 - 09:41
UPDATED 17 November 2021 - 18:58
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...
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