Efforts to restore value at Grand Parade Investments (GPI) could result in the deeply discounted empowerment counter disposing of its influential 18.9% stake in restaurant franchiser Spur Corp at a loss.

GPI, which owns the local Burger King master franchise as well as valuable gaming assets, came under concerted pressure from shareholder activists last year after mounting losses in its food division and poor capital allocation decisions...

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 articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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