SPAR has announced a voluntary severance programme in certain areas of the business, as it looks to improve operations following a challenging few years.
SPAR said that the severance programme forms part of the group’s ongoing focus on improving operational efficiency and competitiveness.
The process will not affect the group’s retailers or services provided to SPAR’s retail network.
“The severance programme is part of a broader reset designed to align the group’s cost base with current trading conditions and to ensure that SPAR is structured appropriately in order to support future sustainable growth,” it said.
The group said that it remains focused on strengthening operational performance and supporting SPAR’s network of independent retailers.
SPAR has faced a challenging few years, which included a botched rollout of SAP software at its KZN distribution centre and large impairments at its international businesses.
The group recorded an over R5 billion loss in the 2025 financial year following large impairment charges at its businesses in Switzerland and England, with the former sold and the latter set to be sold.
The group recently announced that Group CFO Reeza Isaacs had been promoted to Group CEO following the resignation of Angelo Swartz.
Isaacs has been with the group for a year, having previously served as Woolworths’ Finance Director.
The group said he has played a pivotal role in strengthening its financial position and reinforcing capital discipline.
