-Allegations that Spar used its BEE loans to bail out white retailers.
“The loan in question happened five years ago and has been reported as a reportable irregularity to the Independent Regulatory Board of Auditors. There were two other loans of a similar nature, with the three totalling R11 million. Spar, said the spokesperson, would welcome an engagement with the BBC “to rectify perceived wrongdoing and false allegations”.
“A lot of corporates are not implementing the spirit of transformation but engage in ticking boxes, for the sake of gaining BBBEE points.”Policy analyst Dr Nkosikhulule Nyembezi described the widespread reprimand of the Spar group as “the kind of human firework that sometimes briefly illuminates the political sky, before once again falling into obscurity”.