Business Day TV talks to independent retail analyst Syd Vianello
14 June 2023 - 15:38
byBusiness Day TV
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Wholesaler Spar has withheld paying an interim dividend as the firm has struggled with lower sales and declining profitability. Increasing debt has also weighed heavily, particularly as the weakening rand has made the group’s foreign borrowings more expensive.
To discuss Spar’s results, Business Day TV spoke to independent retail analyst Syd Vianello for more insight.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
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WATCH: Analysing Spar’s half-year performance
Business Day TV talks to independent retail analyst Syd Vianello
Wholesaler Spar has withheld paying an interim dividend as the firm has struggled with lower sales and declining profitability. Increasing debt has also weighed heavily, particularly as the weakening rand has made the group’s foreign borrowings more expensive.
To discuss Spar’s results, Business Day TV spoke to independent retail analyst Syd Vianello for more insight.
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