Spur doubles earnings as Covid-19 restrictions ease
Restaurant activity rebounds strongly, particularly in the last quarter of 2021, but turnover and profit still remain below prepandemic levels
Restaurant group Spur, which has brands such as Hussars Grill, Panarottis and Nikos, sees East Africa as a key market for expansion due to its continued success on the continent.
Many SA firms have struggled in East Africa, paying rent in dollars and earning in widely volatile local currency. Some, like grocery powerhouse Shoprite, withdrew from Kenya and Uganda...
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