In the run up to the 13th annual Bookmarks Awards, the IAB SA has announced the 2021 jury panels and their respective chairs. Comprising eight experts in their respective fields, the jury chairs together with their fellow panel judges will evaluate and award the latest and greatest in South African digital.Issued byIAB South Africa
Grey Group Advertising Africa has announced the promotion of Thando Mafongosi to strategy director. Mafongosi holds a Bachelor's degree focused in brand management from Vega School and an MBA from the Gordon Institute of Business Science. She has worked in the advertising industry for a number of years, her skills include brand management, digital marketing strategy, advertising, strategic planning, traditional marketing strategy.ByEvan-Lee Courie
South African startup BlueAvo has been shortlisted for the Royal Academy of Engineering (UK) Africa Prize for Engineering Innovation. BlueAvo is a digital platform which connects brands with freelance creatives across the African continent for their creative and marketing needs, and functions as a digital workspace.ByEvan-Lee Courie
South African franchise restaurant chain Spur Corporation said on Wednesday it expects first-half profit to slump as much as 77%, following Covid-19 lockdowns, retrenchment costs and reduced franchise fees.
Credit: Spur Corporation
The restaurant sector has been one of the hardest-hit industries in South Africa as lockdowns, curfews, reduced seating capacity, a ban on the sale of alcohol and weaker disposable income have hammered profits and pushed some out of business.
The owner of the RocoMamas burger chain and Spur Steak Ranches said headline earnings per share (HEPS) for the six months ended 31 December will likely be between 72% and 77% lower than 125.8 cents reported in the prior comparable period.
Earnings for the period were further impacted by costs totalling R11.8m related to a voluntary retrenchment programme undertaken during the period as part of the group's austerity steps against the pandemic, it said.
Its group revenue was further impacted by temporary fee reductions granted to franchisee partners for franchise and marketing fees. These were granted to assist partners through the difficult trading periods from the start of the lockdown in March.
Source: Reuters
(Reporting by Nqobile Dludla; editing by Uttaresh.V)
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