R9.95 billion wipe-out: Spar boardroom drama sends share price plummeting

• Spar's share price has indeed plummeted by 4.67% following the latest boardroom drama, wiping out R9.95 billion from its market capitalization.
• The retailer's struggles with leadership instability and a botched SAP implementation have plagued it for years, despite some investors buying into its turnaround strategy.
• The ongoing boardroom drama has led to investor concerns about Spar's ability to execute its turnaround plan, with the share price continuing to decline despite CEO Reeza Isaacs' reassurances.