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SOUTH AFRICA FRANCHISE NEWS ARCHIVE

 
: : 2001

Franchise outlets spur on food group. Spur Steak Ranches' turnover between July and October was 13% up on the corresponding period last year, group MD Pierre van Tonder said yesterday. .... 16 Nov, 2001
Customers down trolleys over Pick 'n Pay electronic snag. Supermarket and hypermarket retailer Pick 'n Pay experienced problems with electronic payments at the weekend. .... [more] 8 Nov, 2001
Nando's to implement a pan-African food service. Durban International fast-food group Nando's Group Holdings and African partner Innscor Africa will announce details of a major store rollout programme in East Africa through petrol station forecourts within the next few months. .... [more] 7 Nov, 2001
New Clicks/Bodyshop. How Long will Lather Last? Plenty of ducks in the tub New Clicks is banking on body butter buffs, hemp toiletry addicts and enough green consumers to pay for the Body Shop licence it bought from that retailer's UK-listed holding company to open 30 stores in the next three years. .... 2 Nov, 2001
Harvey Norman looks on the bright side. Not even Harvey Norman could escape a dreadful year for retailing which reduced its typical rate of sales growth by more than half and forced a rare decline in annual earnings. .... [more] 14 Sep, 2001
Kingco issues debentures to repay debts. The issue of debentures by Kingco, the food franchise group embracing well-known brands such as the Keg and McGintys pubs and Saddles restaurants, will raise between R5m and R11m to help repay the group's interestbearing debt, but at the cost of a significant dilution for those who do not follow their rights. .... [more] 12 Sep, 2001
O'Hagan banned from re-entry. Court upholds restraint of trade agreement effective against former CEO of Irish theme pubs. .... [more] 12 Sep, 2001
New Clicks upgrades pharmacist's role. The Link Investment Trust announced that 40 of its pharmacy franchises would have their business functions taken over by New Clicks. .... [more] 7 Sep, 2001
Outsourcing to spur a rise in profit. Spur Corporation, the restaurant franchise group whose brands include Spur and Panarottis, is improving its profit margins by outsourcing activities to concentrate on its main talent of managing its franchises. .... [more] 6 Sep, 2001
Tile Afrika to cover SA with 42 stores. Tile Afrika, the ceramic tile and sanitaryware retailer, would roll out another 42 stores locally over the next three years before expanding internationally, Sam Rego, the managing director, said yesterday. .... [more] 6 Sep, 2001
Sovereign Food in sharp rise. Shares in Sovereign Food Investments have been surging to new highs in the past few days while, coincidentally, unusual volumes of trade in Nando's have also been recorded. .... [more] 4 Sep, 2001
Truworths reverses loss. Truworths International, the fashion retail chain, benefited substantially from the closure of Sportsgirl, its Australian retail venture, to show attributable profits of R219,1m in the year to June 2001 from a loss of R12,2m a year ago. .... [more] 24 Aug, 2001
Oil companies fear move by Pick 'n Pay. The big oil companies are worried that Pick 'n Pay may have ambitions to become a major player in their industry, and not just as a retailer. .... [more] 24 Aug, 2001
McDonald's is new star in Capricorn's constellation. Investment at Cape Town's 200ha Capricorn Business and Technology Park in Muizenberg has begun to take off and has caught the eye of McDonald's, which plans to open its 20th fast food outlet in the Western Cape inside the park. .... [more] 21 Aug, 2001
Italtile steps up conversion into franchise operation. Ceramics retailer Italtile is fast becoming a franchise operation, with the transformation of three more stores in the year to June 30. .... [more] 15 Aug, 2001
Amex Travel introduces new way of charging. American Express Travel Services, a division of JSE Securities Exchange SA-listed Tourvest, has been investing in technology that will enable it to calculate a tariff of charges for different travel services. .... [more] 14 Aug, 2001
Body Shop selects first SA cities. Specialist retailer New Clicks is to open at least four Body Shop stores in South Africa by the end of the year in time for Christmas rush, according to group marketing director Simon Burrow. .... [more] 3 Aug, 2001

Natural Health Holdings gears to travel road to China. Natural Health Holdings (NHH), which issued a profit warning last week for the current financial year, said yesterday it had finalised a master franchise rights agreement for the distribution of its healthcare products in China and Hong Kong. .... [more] 31 Jul, 2001
Market waits for Metcash. CEO of SA operations says the group bounced back from toughest trading conditions to date. The market is still taking a waitand-see approach to Metro Cash & Carry (Metcash) . .... [more] 31 Jul, 2001
Limerick added to Spur's menu. Food franchise company Spur has turned up the heat in its overseas expansion drive with the opening of a second outlet in Ireland in less than a year after first entering the country. .... [more] 30 Jul, 2001
Kingco to sue former management. Kingco, the holder of a range of food franchises including The Keg, Bimbo's and McGinty's, is to sue the group's former management after a forensic audit of the company. .... [more] 25 Jul, 2001
Seven Eleven wins in high court. Franchising operation Seven Eleven has achieved a significant victory in its wide-ranging dispute with SA competition authorities after the Pretoria High Court found the Competition Commission had not given the franchiser a fair hearing. .... [more] 23 Jul, 2001
Unrealistic promises, lack of training' in franchising. Franchisors are urged to stop painting rosy pictures to potential investors. .... [more] 16 Jul, 2001
Ackerman upbeat on Pick 'n Pay's growth for next three to four years. Pick 'n Pay's growth prospects over the next three to four years, excluding the new initiatives not yet on the drawing board, were looking "very positive", according to the chairman, Raymond Ackerman. .... [more] 13 Jul, 2001
Ownership dispute simmers at Villa Italia. Refcorp, a listed venture-capital investment company, is embroiled in an ownership dispute with the founder of Villa Italia, the restaurant franchise chain in which it holds 51%. .... [more] 9 Jul, 2001
Nando's dismisses rumours of suitor. Fast-food group Nando's is performing in line with expectations and there is no unusual activity in the company that can explain Monday's heavy trade in the shares, says financial director Les Perlman. .... [more] 4 Jul, 2001
Truworths tackles bad debt, arrears. Truworths' sales rose 12,6% in the year to June 30, compared with last year, and the company had reduced bad debt as a percentage of credit sales, and improved arrears payments, the fashion retail house said. .... [more] 4 Jul, 2001
Panarottis pumps up to R6m into its make-over. Panarottis, the 10-year-old pizza and pasta franchise chain in the Spur Corporation group, has revamped the decor in its 53 stores, overhauled its menu and launched a new advertising campaign. .... [more] 3 Jul, 2001
Viability of Pick 'n Pay website pending. The financial viability of Pick 'n Pay's newly launched home shopping site would become clear in one to two years' time, Adrian Naude, the general manager of Pick 'n Pay Home Shopping, said yesterday. .... [more] 3 Jul, 2001
McDonald's to explore Maclisting on JSE. Global fast-food company McDonald's, which is heading for a listing on the Japanese Stock Exchange, will soon explore the idea of listing its local operations on the JSE Securities Exchange SA. .... [more] 2 Jul, 2001
RELATED - Forum to strengthen trade ties. The second Africa-Asia Business Forum, scheduled for next month, will provide opportunities for strategic alliances, joint ventures and franchise subcontracts between the two regions and thus raise the foreign direct investment flows from Asia to Africa. .... [more] 29 Jun, 2001
New Clicks brings The Body Shop to SA. Travellers to the UK will feel as if their load has been lightened on their return after the surprise announcement yesterday that specialist retailer New Clicks has won the right to open The Body Shop stores in SA. .... [more]
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