Spur Corporation, owner of chains such as RocoMamas and Panarottis Pizza Pasta, had to rely largely on new restaurants to boost sales in the year to end-June.

Consumers have been increasingly under pressure because of higher administered prices, low wage growth and widespread retrenchments.  This in turn has dampened growth at consumer-facing businesses. ..

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.