Spar Group CEO: Why we are looking to Europe for growth
Spar Group’s six months to end-March results show a revenue increase of 8.6 percent to 54.3 billion rand and headline earnings per share decreasing by 3.4 per cent. The most impressive increase was that of the tops liquor brand which saw an increase in sales growth of 19.3 per cent. A statement from the results suggests that the spar group is in the final stages of claiming a stake in the polish retail chain Piotr I Pawel as it plans to boost its European operations. Graham O'Connor, CEO of The Spar Group joins CNBC Africa for more.