The food industry is changing, with some restaurant owners forgoing physical retail spaces and instead opting to trade solely online...
17 Nov 2017
The World Association of Zoos and Aquariums and the RSPO have signed a five-year MoU to further transformation of markets and make sustainable palm oil the norm...
20 Oct 2017
Online food delivery company, Jumia Food, has appointed Shreenal Ruparelia as its new managing director...
18 Oct 2017
Retail futurist Howard Saunders discusses some of the shifts in consumer mindset and retail brand innovation...
Lauren Hartzenberg 14 Sep 2017
The Windhoek Beer account is out to pitch after parting ways with advertising agency, The Jupiter Drawing Room Cape Town...
31 Aug 2017
KFC will shut its 12 outlets in Botswana next week as they are no longer viable, closing its doors after operating in the southern African nation for 20 years, its owners said on Friday...
TJ Strydom 7 Jun 2016
Sun International says it will sell a portion of its interests in its African assets to a foreign subsidiary of Thailand-listed Minor International Public Co (Mint) for R664m.
19 Aug 2014
Grand Parade, the company responsible for bringing Burger King to SA‚ said it bought a further 32.9% stake in Mac Brothers for R42,79 million‚ to achieve cost efficiencies and gain greater access to the African markets.
20 May 2014
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.
Zeenat Moorad 20 May 2014
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
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.
Zeenat Moorad 16 Sep 2013
City Lodge Hotels‚ which has "refreshed" its branding to better differentiate its four brands and reflect its ongoing enhancements and modernisation‚ increased average occupancies by three percentage points to 62% in the 12 months to June‚ underpinning a revenue increase of 11% to R975.9m and a 32% rise in normalised headline earnings to R252.2m.
15 Aug 2013
Auditing firm PwC on Thursday (13 June) projected total room revenue in SA would grow at a compound annual rate of 9.2% between now and 2017 after overall spending on rooms in all categories rose by 13.4% in 2012 to R15.2bn‚ reflecting an increase in stay-unit nights and a 5.3% rise in the average room rate.
Helmo Preuss 14 Jun 2013