The board of Directors of The SPAR Group Ltd. announced the following changes to the Board: The appointment of Mr. Angelo Swartz (41) as the CEO with effect from 1 October 2023. Mr. Swartz is highly respected in the SPAR Group, with a deep knowledge of the South African market, having been with the Company for 16 years and at Woolworths before that. He is currently the Divisional Managing Director of the second SPAR division in Southern Africa, the SPAR KwaZulu-Natal ("KZN") division.

Mr. Swartz commenced his retail career at Woolworths Holdings Limited and four years later joined SPAR as a Project Manager in 2007. Over the past 16 years, he has progressed through the Company, having held multiple positions across the business, including Senior Retail Operations Manager, Business Development Manager, Regional Executive and Divisional Director for Build it and Divisional Retail Operations Director. He was appointed as Divisional Managing Director of the SPAR Eastern Cape division in October 2019, a position he held until 1 August 2022 when he took on the role of Divisional Managing Director of the SPAR KZN division.

Mr. Swartz has demonstrated excellent strategic and operational leadership across all his roles at SPAR.