Spar outperformed the overall JSE on Wednesday after a surprising increase in annual revenue, while global sentiment continues to be driven by increasing Covid-19 cases, tempered by hope that a vaccine will soon be widely available.

Shares in the retail group rose the most in 16 years after it said it has benefited from a Covid-19-induced trend with consumers opting for local and convenience stores rather than crowded malls, with revenue jumping by double digits in its year to end-September...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now