By UMHLANGA — In a notable shift in institutional shareholding, Coronation Asset Management (Pty) Ltd has significantly reduced its beneficial interest in the ordinary shares of The Spar Group Limited.
According to an official Stock Exchange News Service (SENS) announcement issued on 17 September 2026, Coronation has disposed of a major portion of its holdings on behalf of its clients.
Following the transaction, Coronation’s total holding in the JSE and A2X-listed retail group has dropped sharply to 0.17%. This marks a dramatic decrease from its previously reported stake of 5.06%.
The transaction triggers mandatory reporting thresholds under South African corporate law. In accordance with section 122(3)(b) of the Companies Act, No 71 of 2008 (as amended), and paragraph 6.54 of the JSE Limited Listings Requirements, the retail giant formally received and acknowledged the notification via Form TRP 121.1.
The Spar Group confirmed that it has duly filed the requisite regulatory notifications with both the Takeover Regulation Panel and the Companies and Intellectual Property Commission (CIPC), fulfilling compliance mandates outlined in sections 122(3) and 122(3A) of the Companies Act.
The board of directors of The Spar Group has stated that it accepts full responsibility for the accuracy of the information disclosed in the announcement, noting that they relied upon the details provided in Coronation’s official statutory notice.
To the best of the board’s knowledge and belief, the information is verified as true and complete, containing no omissions that could alter the material importance of the disclosure.
The Standard Bank of South Africa Limited acted as the sponsor for the transaction. Market analysts will likely monitor how this substantial reduction by a major institutional investor impacts Spar’s broader market dynamics moving forward.
