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Fictitious and fraudulent loans a reportable irregularity – Spar

Retailer flags two other similar transactions, says combined value of the three loans in question was to the tune of R11m.

South africaSouth africanHarris nupen molebatsiPedro manuel pereiraGraham oconnorPhumla mngangaBrett bottenAnne zinnSpar groupIndependent regulatory boardBusiness dayGrahamo connor

Spar shuffles board in bid to address governance issues

Beleaguered retailer Spar undertook to enlighten shareholders vis-à-vis allegations regarding a fictitious fraudulent loan and discrimination.

Mike bosmanPricewaterhousecoopers pwPedro manuel pereiraGraham oconnorKatharine childsPhumla mngangaBrett bottenShirley zinnIndependent regulatory boardDaily maverickGrahamo connor

Spar CEO to step down as law firm reports widespread fraud, BEE loan fronting

A legal firm was appointed to probe, among other issues, allegations Spar wanted to use their BEE loans to bail out white retailers.

South africaHarris nupen molebatsiGraham oconnorBrett bottenGrahamo connorBlack economic empowermentHarris nupen molebatsi attorneys

Spar Group CEO Brett Botten to step down amid board shakeup

The National Communications Authority (NCA) approved the sale after Telecel submitted a revised financial and technical proposal in December.

South africaHarris nupen molebatsiPedro manuel pereiraGraham oconnorAndrew wallerPhumla mngangaShirley anne zinnBrett bottenOutgoing spar groupSpar groupGrahamo connorKing code

Spar CEO Brett Botten to retire at month-end amid board shakeup

Retail group Spar said late on Tuesday CEO Brett Botten, who has been part of a number of legal battles with store owners, is set to retire at the end of the month

South africaWayne mccurrieGraham oconnorPhumla mngangaJean pierre versterBrett bottenShirley zinnStandard bankGrahamo connorBusiness dayKing codePierre versterProtea capital asset managementWhile sparPay retailSanlam life insurance

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