South Africa, Feb. 27 -- Spar CEO Angelo Swartz's resignation letter is refreshing for its candour and transparency. Currency News captured it well:

"Then, in a move that is as remarkable as it is rare for a top executive, he takes responsibility for the lack of progress on the recovery front."

It's a departure from the familiar phrase that an executive is resigning to "spend more time with family."

This PR safe explanation protects reputations and helps keep markets calm, particularly in listed companies where wording can influence investor confidence and regulatory scrutiny.

Sometimes it is true, but it's rarely the whole truth. When resignations follow poor results, governance tension or strategic shifts, stakeholders reasonably su...