Spur takes R129.5 million legal blow

• Spur has taken a R129.5 million legal blow to cover damages from a lawsuit launched by GPS Food Group in 2019.
• The damages claim was initially estimated between R119.9 million and R167 million, but with interest added, the total provision increased to R129.5 million.
• Spur plans to appeal the damages claim in its entirety, with its senior counsel advising that the company is likely to succeed in the appeal, scheduled for a hearing in 2027.