Spar: the bounty of low expectations
Spar’s trading update has been welcomed by the market — which was clearly expecting worse. But debt and governance are still challenges
23 February 2023 - 05:00
Spar’s better-than-expected trading update must have been a considerable relief for shareholders as well as the group’s overhauled top management. “The figures were soft but the market was expecting worse,” Peter Takaendesa, head of equities at Mergence, tells the FM.
Sasfin’s Alec Abraham says the trading figures weren’t too bad at all. “Things seemed to have improved in South Africa, which had become a major area of concern,” says Abraham...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.