🇿🇦 South Africa 4h ago

Financial implications for Spur Corporation following arbitration ruling in joint venture dispute

IOL South Africa
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Financial implications for Spur Corporation following arbitration ruling in joint venture dispute
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Spur Corporation has made a R129.5 million provision following an arbitration ruling that awarded GPS Food Group R74.6 million in damages over a disputed rib-processing joint venture. The company plans to appeal the decision, with a hearing scheduled for February 2027, while maintaining that the provision will not impact its liquidity or dividends.

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