BUSINESS DAY TV: ‘Owners need to be hands-on operators’
Praxia Nathanael is the CEO of recently listed franchise owner Gold Brands. BUSINESS DAY TV: The sluggish economy has taken a bite out Gold Brands Investment sales growth but pretax profit for the six months ended August has risen and net asset value per share has doubled over the period. Joining me now on News Leader is CEO Praxia Nathanael. Praxia ... you talk about how the muted economy has impacted the roll-out of new stores during the period, franchisees not necessarily being able to access funding. Is this going to maybe cause a bit of a break on your expansion plans into the future? PRAXIA NATHANAEL: Possibly yes, however, it does also give us the opportunity to focus on our infrastructure development as well as processes that we are in the process of implementing. BDTV: Is it to some extent an admission that, because not only have you had the slowing economy impact on the expansion or the roll-out of new stores, but you’ve also had to take stores that were franchised back in...
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