Consumer

South Africa’s No. 2 Grocer Names New CEO as Swartz Resigns

Customers at the bakery counter inside a Spar Group Ltd. supermarket in the Die Wilgers suburb of Pretoria, South Africa.Photographer: Waldo Swiegers/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Janice Kew

February 20, 2026 at 5:57 AM UTC

Updated on

February 20, 2026 at 12:00 PM UTC

Spar Group Ltd. Chief Executive Officer Angelo Swartz is leaving and will be replaced by finance head Reeza Isaacs as profit growth continues to lag at South Africa’s second-largest grocer. The shares fell.

In a surprise move, Spar said Swartz will leave by the end of the month, making him the second CEO to go at the struggling retailer in a little over three years.