‘Not much room left for mistakes’ – investment analyst on the SPAR Group

The SPAR Group is under increasing pressure to deliver, with little room left for further mistakes. Anchor Capital investment analyst Stephan Erasmus tells the OFM Business Hour that the retailer is approaching its debt covenant limits and urgently needs to improve operating margins and demonstrate stronger financial performance. His comments come amid changes at board level, following the resignation of SPAR’s chair and deputy chairpersons.