From bad to worse for Spar

• Spar's 2026 financial year is expected to underperform 2025, as the retailer continues to face pressure in its Southern African operations.
• Spar's former chairman, Mike Bosman, and deputy chairman, Shirley Zinn, resigned from the company in August 2026, and the group is searching for new chairman.
• Spar will aim to finalise the appointment by early November 2026, and the group expects to meet the revised covenant limits as agreed with its lenders.