Shares in Spar crashed more than 15% on Wednesday after it issued a dire interim trading update warning earnings could fall by up to a third as it grappled with soaring costs in all its markets.
TFG has estimated load shedding cost its local business R1 billion in lost sales for the 11 months to end-February, sparking a share sell-off analysts say could indicate foreign investors were adopting a cautious outlook on SA Inc stocks.
Swedish clothing retailer H&M's local unit is to launch an online offering on e-commerce platform Superbalist in a move welcomed by analysts as a smart way of expanding without hefty capital outlays.