PHANTOM SHARES : The Finance Ghost: Spar and Truworths show how ruthless retail gets when margins shrink

2026-03-01 - 20:23

South Africa’s retail pain is back in focus. Truworths leans on Office UK while its local arm limps, and Spar’s supply-chain scars, franchisee loyalty slump and leadership shock deepen the turnaround risk. In the grocery market, price wars leave no hiding place.