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Spar reports 11% increase in FY HEPS

Retail group Spar reported a 4 per cent increase in full year turnover. However, turnover growth slowed in the second half of the financial year across all geographies, influenced by the ZAR translation impacts of the foreign subsidiaries as the currency strengthened. The group cut its net debt to R9.1 billion, though it once again opted not to pay a dividend. Angelo Swartz, CEO, Spar joins CNBC Africa for more.
Thu, 28 Nov 2024 10:48:50 GMT

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