Spar settles with ex-director who says retailer tricked him into running dud stores

The original article can be found here.

Article highlights:

  • Spar has reached a confidential settlement with one of its former directors who served on its board for 15 years.
  • Professor Phinda Madi wanted the grocer to pay him R12 million, saying it kept vital information from him.
  • Spar settled with Madi in September without admitting to any wrongdoing or misrepresentation.