Spar posts profit jump despite tough operating environment
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Spar's annual profit has nearly doubled - the retailer which operates in Southern Africa, Ireland and Switzerland saw an 8% rise in turnover growth in Southern Africa largely boosted by liquor sales which grew 18% while weakness in the rand worked in the group's favour in Ireland. The retailer is eyeing further growth opportunities in the European market and Business Day TV spoke to the company's CEO, Graham O'Connor for more insight.