Spar signalled good turnover growth despite several economic headwinds facing South Africa.
Retail group Spar showed a robust trading performance amid challenging economic headwinds, with turnover increasing by 7.8% for the 18 weeks that ended 28 January 2023.
“This performance is encouraging as this is reported against internally measured price inflation of 9.9%, with a solid performance across both dry and perishable groceries,” said the group. Despite the demand for building materials continuing to slow, Build it delivered a credible performance, albeit with sales declining by 2.8%.
Spar noted the strong growth in its private label business under the Spar Encore banner and its delivery platform SPAR2U.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Africa: AKA - Slain South African Rapper Was a Once-in-a-Generation Pop Culture SensationAnalysis - AKA, South Africa's most recognisable name in hip-hop, was gunned down - with his friend, celebrity chef Tebello 'Tibz' Motsoane - outside a restaurant along Durban's popular night spot Florida Road on 10 February.
Read more »
Africa: Why South Africa Is Not Getting the New Bivalent SARS-CoV-2 VaccinesWhy South Africa Is Not Getting the New Bivalent SARS-CoV-2 Vaccines SpotlightNSP: Africa SouthAfrica Coronavirus SARSCOV2 governance health J&J Pfizer JoePhaala
Read more »
Africa: South Africa Risks Us Ire By Staging Naval Exercises With China and RussiaIn a controversial move that has strained its relationships with the EU and the US, South Africa will host naval exercises off its eastern coast with Chinese and Russian ships. The exercises coincide with the first anniversary of Russia's invasion of Ukraine.
Read more »
Two basic things Ramaphosa can do to improve South AfricaEfficient Group chief economist Dawie Roodt said there are two quick wins government could focus on that would improve business confidence.
Read more »
This car type offers the best value for money in South AfricaThese are the types of cars that offer car buyers the best value for money.
Read more »