The fraud cases, the dud stores and the resignations: What is happening at Spar? | Business

📆 20/01/2023 18.45.00
📰 News24

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CEO Brett Botten and ex-chair Graham O'Connor are both set to leave Spar as the retailer seeks to convince shareholders all is well. | JanTamb News24_Business

The business practices of Spar, one of SA's largest retailers, came under scrutiny in November last year, following complaints by a dozen retailers that they had been badly treated by the group's leadership.

Two months later the grocery chain announced a sweeping board shakeup, with CEO Brett Botten announcing his resignation. Spar's ex-CEO Graham O'Connor, who resigned as chairperson in December, will also leave the group's board. Why is Spar in the news at all? Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

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JUST IN | Spar's auditors report dodgy loan to regulator | BusinessRetailer Spar says its auditors have reported a loan the company entered into to the Independent Regulatory Board of Auditors, which oversees the country's auditing profession. | News24_Business
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