Spar annual profits up, sees challenging 2010 Nov 11, 2009
Grocery chain Spar Group reported a 19. 5 percent rise in full-year headline earnings per share, excluding its black economic empowerment deal, and said it expects 2010 to be tough. (Business Report, South Africa)
Nederburg wine auction beats expectations despite 16% sales fall Sep 14, 2009
The Spar group spent R573 770 on a selection expected to appeal to its customers, closely followed by Makro with R544 880 and Checkers with R410 850. Five international buyers were responsible for 25 percent of total sales. (Business Report, South Africa)
BEE deal promises to be good for Spar Jul 17, 2009
The Spar group's issue of 10 percent equity to broad-based black economic empowerment (BEE) trusts will increase loyalty with its franchise operators, retail analysts agree ... Of the 1 508 stores in the Spar group, 132 are black-owned ... The deal will be financed through the creation of two trusts - one for Spar employees and one for individual owners of its franchise stores - which will be funded by the Spar group itself. (Business Report, South Africa)
Rand firmer but still off recent 7-month high May 9, 2009
Elsewhere, grocer retailer Spar Group rose 6. 39 percent to 54. (Business Report, South Africa)
Spar makes the most of tough times May 5, 2009
Johannesburg - Despite the current economic turmoil and consumers' shrinking disposable income, the Spar Group performed well, the listed grocery distributor said on Tuesday ... Overall, the Spar Group gained market share across all of its trading platforms, although the extremely competitive retail environment resulted in the group's gross profit margin declining slightly to 7. (Business Report, South Africa)
JSE ends down Feb 12, 2009
Spar Group edged up 53 cents to 55 rand. It earlier advised that it experienced a solid trading period for the quarter ended December 2008, with turnover growing 26. (iAfrica.com)
