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SPAR's planned retreat from Poland by September will free up about half a billion rand a year in pre-tax earnings to help it double down on growing its market share locally and pay down debt.
As part of these efforts to increase market share, SA's second-largest grocery group by footprint also says it has big plans to expand into the top- and lower-income markets with greater differentiation.
This will take the form of new stores, as well as see the group converting existing shops to cater for both these markets.
