Spar’s update to select investors may have violated listing rules

Retail group Spar may have breached JSE rules on inside information with a briefing to a select group of investors on its latest sales figures.

Spar sales in SA for the past seven weeks have risen more than 6%, with liquor sales driving local turnover higher with a healthy 9% rise in February, Spar management told select clients of Standard Bank’s broker service in a call on Thursday. The information appeared to have slipped out in the broker call...

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