Famous Brands, which owns Steers‚ Wimpy and Debonairs, plans to open 243 new restaurants in the coming year after reporting record turnover and profit for the year. It is also planning to enter Angola and Ghana.
By Zeenat Moorad 20 May 2014 06:29
As Ford's only manufacturing operation in the Middle East and Africa‚ Ford Southern Africa is in pole position to benefit from the group's decision to intensify marketing and production in sub-Saharan Africa‚ says Stephen Odell‚ president of Ford's European‚ Middle East and African operations.
By David Furlonger 11 Apr 2014 05:25
Fast food group Famous Brands reported a 20% increase in headline earnings per share to 180c for the six months to August.
29 Oct 2013 10:34
In SA, Famous Brands produces 265,000 cups of specially blended coffee a day. With 2,175 restaurants, the company, whose brands include Wimpy, Steers and Mugg & Bean, also makes 77m ice-cream cones a year. It's the big daddy of SA franchising, with a R9,7bn market capitalisation, and it wants to repeat its local success in the rest of Africa.
By Zeenat Moorad 16 Sep 2013 09:21
To paraphrase from the iconic Star Trek, Africa is the "next (as opposed to the final) business frontier". And judging from exceptional recent economic growth, wealth in natural resources and sheer international business interest on the continent, it seems no-one has trouble believing this.
19 Aug 2013 11:46
The World Bank committed a record US$14.7bn in its fiscal year to June to support economic growth and better development prospects in Africa despite uncertain economic conditions in the rest of the global economy.
1 Aug 2013 09:45
Expansion into Africa by the world's biggest law firms gathered steam on Monday (3 June) with the official tie-up between Norton Rose and Fulbright & Jaworski to form Norton Rose Fulbright.
4 Jun 2013 10:12
TOKYO, JAPAN: Japan has pledged at least US$10bn in aid to Africa for the next five years as Tokyo prepares to host a major development conference for the resource-rich continent.
3 Jun 2013 10:26
Africa's agricultural‚ mining and energy resources could be better used to boost the continent's pace of economic growth and pave the way for a breakthrough in human development‚ according to a report released on Monday (27 May).
By Mariam Isa 28 May 2013 10:31
Private investors smell profit in beefing-up the continent's over-stretched power grids and swarms of new wind turbines are soon expected to start going up.
28 May 2013 10:49
Economies in sub-Saharan Africa will ride out the bumpy global recovery in the next few years to post growth rates not seen outside Asia, the IMF said in its latest economic forecasts Tuesday (16 April).
17 Apr 2013 09:47
A global management shakeup at Toyota Motor Corporation has hit African shores, with local Toyota chief Johan van Zyl called in to head the new position of chief executive of Toyota's operations across Africa
9 Apr 2013 10:56
CASABLANCA, MOROCCO: Nestle has admitted it can do more to improve its suppliers' livelihoods, after an Oxfam report accused the Swiss food giant of failing to address the plight of farmers in the world's poorest countries.
29 Mar 2013 11:35
Although Africa made huge strides in increasing human development in the past decade, gains could - with hundreds of millions of people being pushed into extreme poverty - easily be reversed should "significant progress" not be made in halting global warming.
By Schalk Mouton 20 Mar 2013 10:37
Packaging conglomerate Nampak's share price has stuck fairly close to its 12-month high in spite of increasing evidence of tempered consumer demand for fast-moving consumer goods.
25 Feb 2013 10:12
NEW YORK, USA: Microsoft announced on Tuesday (5 February) that it had teamed up with Chinese manufacturer Huawei to launch an affordable smartphone across Africa.
6 Feb 2013 06:48
The University of Cape Town (UCT) has launched a three-year, pan-African study on how to foster youth entrepreneurship in order to tackle the scourge of youth unemployment on the continent.
4 Feb 2013 08:46