Spar rules out rights issue as it grapples with R9bn debt
Grocer says operational improvements and focused capital management will strengthen balance sheet
04 June 2025 - 09:28
UPDATED 04 June 2025 - 17:59
Spar has ruled out a rights issue to reduce its R9bn debt pile, saying it is focused on operational improvements and disciplined capital management to strengthen its balance sheet.
The retailer recently sold its headquarters for R150m, with the proceeds going to reduce its liabilities...
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