How Spur plans to cope with SA’s shrinking middle class
Group opens 20 international outlets and says it is cutting costs to ease economic pressure at home
12 September 2019 - 10:09
Spur Corporation, owner of chains such as RocoMamas and Hussar Grill, upped it full-year dividend 10.6% to 136c to end-June, as its expansion helped offset continued pressure on SA’s middle class.
The group opened 59 restaurants during the period, including 20 internationally, bringing the total number of outlets to 620 by the end of its financial year...
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