BREAKING NEWS: Spar chair Graham O’Connor vacates role amid allegations facing the company

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O'Connor's independence was called into question due to his family’s extensive business interests with Spar and as he was a previous CEO of the group

Spar board chair Graham O’Connor has stepped down from the leadership position following a recent raft of allegations against the company. He will, however, remain on the board.

After losing ground earlier in the day, Spar’s share price reversed course to be up 1.14% to R136.59 soon after the news broke...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

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