SPAR in hot water

• SPAR's share price has more than halved since the start of 2026, dropping from R94.92 to R41.00.
• The company's recent boardroom battles and challenges in its turnaround strategy have led to significant debt reduction through the closure of overseas markets.
• Many SPAR retailers view Mike Bosman's resignation as a welcome sight, given their unique operating style and freedom to manage stores independently.