Franchise restaurant owner Spur Corporation has been able to stave off a weak report card by expanding into international markets, thus not restricting itself to a highly competitive quick-service restaurant industry whose pace of growth in SA paints a bleak picture.
On Thursday, the owner of the RocoMamas and Panarottis brands reported full-year financial results to end-June 2019, showing sales growth of 7.2% across its local and international brands to R7.6bn. Revenue for SA increased 5.7% while internationally it rose 10%...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
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.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.