Spar’s sins sap its stock
On top of the weak rand, the retailer is battling profitability issues across various countries
22 June 2023 - 05:00
Mike Bosman appears to have an indomitable spirit. How else could he remain so upbeat after the past seven torrid months? But this is just as well. Indomitable is probably the attribute most needed to see the Spar Group through what is likely to be an extremely tough few years.
Of course, Bosman is hoping to relinquish his role as executive chair in the coming months with the planned appointment of a new CEO “hopefully in the next month or so”. But he will be remaining on as chair, a position he took up in mid-December when Graham O’Connor stepped down...
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