According to Spar, its SouthAfrican business saw an almost 40% surge in fuel costs during the period due to spiralling global crude oil prices and increased diesel consumption as a result of load shedding in the country. Moneyweb Spar Fuel
JSE-listed grocery wholesale and distribution group Spar’s operational expenses rose by 7.2% to R7.6 billion for the six months ended March 31 2022, with the most significant increases seen as a result of the spike in fuel prices in South Africa and the shortage of workers in its European businesses.
1 cents, compared to the 618.5 cents reported in HY21. However, because of the implementation of the group’s temporary adjusted dividend policy, its interim dividend for the period plunged 37.5% to 175 cents per share, from the 280 cents per share declared in the prior half year.
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.
More than 40 000 IDs of deceased people used to avoid finesDuring an analysis of the ENATIS system, the Special Investigating Unit (SIU) uncovered more than 40 000 ID numbers of deceased people that are being used fraudulently to renew vehicle licenses, as announced by the Presidency.
Read more »
SIU uncovers 40 000 fraudulent IDs used to renew vehicle licensesThe Presidency said the the trucking industry was the main culprit in the use of ID numbers of dead people to avoid paying fines.
Read more »
South Africa has seen a 40% increase in load shedding – and it’s set to get worseThe Council for Scientific and Industrial Research (CSIR) have published its annual statistics on power generation in South Africa for 2021, providing a breakdown of load shedding statistics over the period.
Read more »
Almost 40 years on, justice for Nokuthula Simelane has again been delayedFamilies of murdered and disappeared apartheid activists are still waiting for justice. Nokuthula Simelane's story is no different.
Read more »
Spar grows profits as SA shopping habits normaliseThe retailer benefited from easing Covid-19 restrictions in its half year to end-March, but it has still slashed its dividend to fund corporate activity
Read more »
Spar stores planning online shopping launchThe Spar Group said a “large number” of its stores will launch its online shopping platform in the coming months.
Read more »