SPAR Appoints Moegamat Reeza Isaacs as New CFO Starting January 2025

South Africa’s second-largest grocery retailer, SPAR, has announced the appointment of Moegamat Reeza Isaacs as its new Chief Financial Officer (CFO), effective January 1, 2025. The company made the announcement in a statement on Thursday.

Isaacs brings a wealth of experience to the role, having served as the Group Finance Director for Woolworths Holdings Limited, a key competitor in the retail space, from 2013 to 2023. SPAR highlighted Isaacs’ "strong strategic and operational finance experience" as a valuable asset that will contribute significantly to the company’s future.

Isaacs will succeed Mark Godfrey, who announced his retirement in June. Godfrey is set to step down from his role as Group CFO on December 31, 2024.