Spar sees slowing building boom in SA

Building sales have slowed in the past few months, says wholesaler Spar, suggesting that the home improvement boom that has boosted companies including Massmart-owned Builders and Pepkor’s Building Company is tapering off.

Spar, a wholesaler in Switzerland, Poland, Ireland and SA, released a 48-week trading update from October 1 to August 27. While its local hardware business saw 27.6% growth, the pace had slowed significantly since March...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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