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.
In the next six months the group plans to open 17 restaurants outside SA, “with our international expansion focusing primarily on Africa and the Middle East”. Spur has changed its franchise model slightly in New Zealand, ensuring franchises pay franchise consulting fees for advice upfront to stem financial losses there, said Van Tonder.
“Economic headwinds continued to dampen consumer spending in SA, with local franchised restaurant sales growth of 4.7% reflecting the pressure on the group’s main middle income customer base.”
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