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

  • 📰 News24
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 80%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

JanTamb _Business They don't have pictures?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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
Source: News24 - 🏆 4. / 80 Read more »