Spur to continue with its successful recipe as it expands in Africa
Restaurant turnover for operations in the rest of Africa and the Middle East increases almost 10%
Spur is looking to the rest of Africa to expand its footprint, which will include opening more of its popular RocoMamas outlets thanks to increasing profits from the continent.
CEO Pierre van Tonder said the success in Africa, where many retailers like Shoprite struggle with hyperinflation and constrained consumers, was using local business people to run the franchised restaurants. Spur reported a 27.5% increase in profit in its Africa and Middle East outlets. ..
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