Market Wrap - Stock pick — Spar

Imtiaz Suliman from Sentio Capital chose Spar as his stock pick of the day.

"Spar's trading update was a bit weak and I think it's a good entry point into a solid business. They have a very good franchise model in South Africa which really they are the distributor and they are growing quite nicely in terms of high end. The new venture into Poland, I think is a growth opportunity for two years down the line, but that provides them some buffer against the low growth
environment that we see in South Africa."