NEWS ANALYSIS: Will Spar scrap dividend to pay debt?
Company is facing slowing income, a weakening rand and high rates, while battling foreign-held debt
13 June 2023 - 05:00
When wholesaler Spar releases its half-year results on Wednesday, investors will be looking to see if it has breached its debt covenants, or if it will scrap dividends to free up cash to pay foreign bankers.
The company is facing slowing income, a weakening rand and high interest rates, while battling foreign-held debt...
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