SPAR Share Price Breaks Below 2024 Support as CEO Steps Down and Legal Challenge
SPAR shares are under pressure as leadership changes, lingering legal issues, and long-term price declines weigh on investor confidence.
Quick overview
- SPAR shares are under pressure due to leadership changes, legal issues, and long-term price declines.
- CEO Angelo Swartz has resigned, with CFO Reeza Isaacs set to take over in March 2024.
- A legal dispute regarding past software flaws has further impacted investor sentiment and operational stability.
- SPAR's share price has fallen nearly 41.5% in the past year, reflecting a bearish trend that continues into early 2026.
SPAR shares are under pressure as leadership changes, lingering legal issues, and long-term price declines weigh on investor confidence.
CEO Resignation Adds to Investor Concerns
Angelo Swartz, CEO of The Spar Group, has announced his resignation and will leave the company at the end of February. CFO Reeza Isaacs is set to take over from March 1.
Swartz joined SPAR nearly two decades ago and became CEO in October 2023. During his short tenure, he managed operational stabilisation, balance sheet adjustments, and oversaw the sale of the group’s Swiss and Polish businesses. The UK operations are also under review for disposal.
Swartz will remain available for three months to ensure a smooth transition and support strategic initiatives. Chairman Mike Bosman thanked him for his leadership and long-standing service.
Legal Dispute Adds Pressure
Investor sentiment has been further affected by the reopening of a legal dispute related to earlier software flaws. The combination of executive turnover and litigation has intensified concerns over the company’s operational stability and strategic direction.
Share Price Trend Remains Under Pressure
The broader trend through 2025 remained decisively bearish and we’re seeing a similar price action in early 2026, with a 8.77% decline this week. SPAR’s share price has fallen nearly 41.5% in a year and has more than halved since 2021, when it traded above R200. In 2004 we saw a rebound but the selloff resumed and this week SPPJ price broke below the 2024 low of R85 and now are looking at R80.
SPPJ Chart Monthly – Pressure Is on the Downside
Technical indicators continue to reflect this weakness, with key moving averages acting as persistent resistance across multiple timeframes. For sentiment to shift meaningfully, buyers will need to drive the price decisively above these levels.
Conclusion
SPAR faces a challenging outlook as leadership change, legal uncertainties, and a protracted downtrend in share price continue to weigh on investor confidence. While operational restructuring and divestments are underway, the market remains cautious, and a sustainable recovery will depend on stabilising management, resolving legal issues, and restoring investor trust.
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