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Sun International sells some African assets
Sun International sells some African assets

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 10:22

Grand Parade ups its stake in Mac Brothers
Grand Parade ups its stake in Mac Brothers

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 10:51

Wilderness Botswana camps scores high in ecotourism
Wilderness Botswana camps scores high in ecotourism

Wilderness Safaris is proud to announce that over half its Botswana camps have achieved the highest grade of ecotourism certification from the Botswana Tourism Organisation (BTO).

16 Apr 2014 14:24

Ocean Basket eyes growth in foreign markets
Ocean Basket eyes growth in foreign markets

Ocean Basket, the seafood restaurant famous for serving meals in frying pans, has aggressive plans to expand globally over the next three years.

By Zeenat Moorad 29 Jan 2014 09:31

Famous Brands half-year earnings up 20% to 180c
Famous Brands half-year earnings up 20% to 180c

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

Quick meals for Africa
Quick meals for Africa

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

City Lodge Hotels dividend up 31% to 351c
City Lodge Hotels dividend up 31% to 351c

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 11:48

City Lodge revamps its image
City Lodge revamps its image

City Lodge Hotels is embarking on an "evolutionary" brand and logo refreshment exercise, starting with its recently-opened Town Lodge Gaborone.

By Nick Hedley 7 Aug 2013 10:05

Franchise sales up 16.8% for Famous Brands
Franchise sales up 16.8% for Famous Brands

Famous Brands has reported that its franchise sales increased 16.8% in the March to May quarter with a 16% improvement in South Africa and a 27.2% improvement in the rest of Africa region.

19 Jun 2013 11:34

Tourism growth outlook looks strong
Tourism growth outlook looks strong

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.

By Helmo Preuss 14 Jun 2013 07:54

Hotels moving in on Africa's potential
Hotels moving in on Africa's potential

With limited opportunities for expansion in SA, a slew of hospitality companies are eyeing the rest of the continent, for future growth as there is an under-supply of quality hotels and upbeat economic prospects.

By Zeenat Moorad 10 Jun 2013 11:39

Africa must implement open skies policy
Africa must implement open skies policy

Improving safety‚ cutting fuel taxes and liberalising regulation to allow for greater connectivity between African countries are some of the key issues that must be tackled to boost aviation on the continent‚ International Air Transport Association's chief executive Tony Tyler said on Tuesday, (4 June)

By Nicky Smith 5 Jun 2013 10:54

Obama's itinerary for his Africa trip
Obama's itinerary for his Africa trip

WASHINGTON USA: President Barack Obama will leave on a first African tour next month, visiting Senegal, Tanzania and South Africa, but his itinerary released on Monday (20 May) bypasses Kenya, an ancestral homeland.

21 May 2013 11:32

Hilton plans to boost African presence
Hilton plans to boost African presence

Hilton Worldwide has expanded its product offering in SA over the past six months and the US-based group intends to increase its presence in Africa‚ according to vice-president of operations for Africa and the Indian Ocean‚ Jan van der Putten.

16 May 2013 08:38

Time to unlock Africa's travel potential
Time to unlock Africa's travel potential

The South African Tourism Indaba should expand its platform by attracting even more exhibitors and buyers from the African continent, Tourism Minister Marthinus Van Schalkwyk said on Sunday (12 May).

14 May 2013 11:56

Transnet on the hunt for foreign contracts
Transnet on the hunt for foreign contracts

Transnet Engineering (TE), a unit of the state-owned freight and logistics company, is exploring new narrow-gauge markets in Latin America, South-east Asia and Australia in a bid to meet its growth targets, according to strategy and marketing general manager Thoba Majoka.

By Nicky Smith 6 May 2013 07:41

IMF forecasts "solid growth" for Africa
IMF forecasts "solid growth" for Africa

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

More people flying in Africa
More people flying in Africa

Intra-Africa passenger numbers increased by 9.4% year-on-year (y/y) in January the International Air Transport Association (IATA) said on Wednesday (6 March).

By Helmo Preuss 7 Mar 2013 10:12

Airlines object to Fastjet's bid for 1time
Airlines object to Fastjet's bid for 1time

Almost all of SA's large airlines are formally objecting to the threat posed by UK-based Fastjet's attempts to enter the local market by taking over the operations of 1time Airline‚ which is in provisional liquidation‚ Business Day reports.

By Nicky Smith 23 Jan 2013 10:32

WTC Africa Initiative and Italy join hands in trade
WTC Africa Initiative and Italy join hands in trade

Following a trade agreement reached between the World Trade Center Africa Initiative and Italy, business between Africa and Europe is set to receive a significant boost. The agreement will see business leaders from 12 African countries meet their Italian counterparts in on-site deal rooms next year, at the inaugural Afritalia Commerce Exchange.

12 Oct 2011 13:52

Entries invited: Travel and Tourism Film & Video Awards
Entries invited: Travel and Tourism Film & Video Awards

Southern Africa's Travel and Tourism Film & Video Awards is in full preparation mode. The organisers are calling for entries from southern African film and video makers as well as from travel and tourism product owners.

12 Apr 2011 11:49

Hope for full global economic recovery in 2010 diminishes
Hope for full global economic recovery in 2010 diminishes

NEW YORK, US: After an upbeat start to the year with two consecutive quarters of increases in optimism, global consumer confidence fell three points in September to an Index of 90 as consumers' hopes for a full economic recovery this year fades in most parts of the world, according to the latest edition of the Nielsen Global Consumer Confidence Index.

27 Oct 2010 06:22

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