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Financial implications for Spur Corporation following arbitration ruling in joint venture dispute
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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businessday.co.za
Spur takes a R129m blow after losing a multi-year court battle
The restaurant group plans appeal as the legal award sharply reduces its annual headline earnings
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iol.co.za
Spur faces R129.5 million hit as rib-processing dispute takes unexpected turn
Spur Corporation has announced a R129.5 million provision following an arbitration ruling in favour of GPS Food Group, marking a significant chapter in their ongoing dispute.
