Taste Holdings, which has sole rights to US-based Domino's Pizza and Starbucks Coffee in SA, is back on the path to growth after a period of liquidity challenges, says CEO Dylan Pienaar. "Currently we don't have any debt," Pienaar, who was promoted from COO in March, told Business Times on Friday. In January, shareholders approved a R132m rights offer, the latest in a series for the group. In total, about R936m has been raised since 2014. Pienaar said the group still needed to raise capital, but another rights offer was unlikely at the moment. After a temporary freeze on new Starbucks and Domino's outlets, Pienaar said: "We've picked up where we left off." Taste planned to open 10 Domino's and six Starbucks outlets in the next year, and had already signed three new leases for Starbucks, he said. The company still has to prove this to shareholders. On Friday, it said in a trading update it was likely to report a loss, albeit a smaller one compared to the same period last year, when i...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now