Spar boss Angelo Swartz owns up to ‘strategic mistakes’
15 March 2024 - 05:00
New CEO of Spar Angelo Swartz says the company is looking to complete its exit from the Polish market by September, in a move that will free up about R500m in yearly core earnings to shore up its domestic business.
This is as the company battles to recover from the botched rollout of SAP software in its key KwaZulu-Natal market. Swartz admitted that testing the software on it biggest market was a “strategic blunder”...
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