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 SOUTH AFRICA
FRANCHISE NEWS ARCHIVE
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: : Jan-Jun 2002
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ADB aiming to assist Africa's franchisees. The African
Development Bank (ADB) is conducting a study on franchising in Africa
with the aim of formulating an assistance programme for the franchise
industry in African countries. .... [more]
15 Jun, 2002
Steers set to open an Australian outlet. Fast food
franchise group Steers Holdings will take its first step into Australia
and into a first world market with the opening of a franchised Steers
outlet in Karrinyup, Perth, in August, the group said yesterday. ....
[more]
12 Jun, 2002
SA success crucial to expansion plans. Harvey World
Travel, the largest travel agency franchise business in the southern
hemisphere, has successfully established its 100th franchise operation
in SA. .... [more]
7 Jun, 2002
Helping hand for franchisees. Harvey World Travel develops
its own training modules, with trainers based in Sydney undertaking
training programmes throughout Australia, New Zealand and SA. ....
[more]
7 Jun, 2002
Tile Afrika's delisting plans criticised. The
proposed delisting of one of only three investment routes into the
fast-growing home tiles and DIY market is expected to cause some disappointment,
currently being expressed in subdued criticism of the price at which
Tile Afrika Holdings proposes to buy out minorities. .... [more]
5 Jun, 2002
Kingco sees R6,2m loss after write-off. Bar and grill
franchiser King Consolidated (Kingco) incurred a R6,2m attributable
loss for the year to February after the writing off of R3,3m in exceptional
items. .... [more]
3 Jun, 2002
Sweets turns corner. Confectionery retail group Sweets
from Heaven turned around from a loss to a profit in the year to February.
.... [more]
30 May, 2002
Online retailers create crime forum. Online retailers
led by Incredible Connection, Pick 'n Pay and Netflorist have formed
an e-tailers forum to promote online shopping and combat fraud. ....
[more]
24 May, 2002
New Clicks expands further into Australia. Cosmetics,
homewares and music chain New Clicks Holdings announced its third
Australian acquisition in four years yesterday when it said it would
pay R89m for the 94-store franchise chain Price Attack. .... [more]
23 May, 2002
South Africans have another crack. After a 20-year lockout,
South Africa's largest retailer - Pick 'n' Pay - is back. .... [more]
20 May, 2002
Shoprite rumoured to have bought 7-Eleven. A rumour
is circulating among 7-Eleven franchisees that the chain has been
sold to Shoprite Holdings, but neither group confirmed the rumour
yesterday. .... [more]
16 May, 2002
Franchise event showcases the alternative. The 10th
International Franchise Exhibition, which closed at the end of last
week, had 40% more visitors than it had last year. .... [more]
13 May, 2002
McDonald's angles for a bigger slice of the global pie.
With 31 000 restaurants serving 44 million customers a day across
120 countries, McDonald's is perennially named as Entrepreneur Magazine's
number one franchise. But, in true American style, the company wants
more - much more. .... [more]
12 May, 2002
Nando's global expansion plans are bearing fruit. The
global expansion strategy adopted by Nando's Group Holdings has shown
strong growth, confirming the sustainability of the business model
and the economic value of the brand, said CEO Robbie Brozin yesterday.
.... [more]
10 May, 2002
IDC plans to boost franchising sector. The Industrial
Development Corporation (IDC) planned to invest R2bn in the franchising
sector in the next five years, said the head of its wholesale and
bridging finance business unit, Trevor Mashabane, yesterday. ....
[more]
8 May, 2002
Steers on brink of hatching Church's Chicken franchise.
Steers Holdings had been given the thumbs up by Church's Chicken's
worldwide director of technology for its selection of equipment and
local suppliers, finished product and signage, Paris Papageorgiou,
the financial director, said yesterday. .... [more]
8 May, 2002
ADB aiming to assist Africa's franchisees. The African
Development Bank (ADB) is conducting a study on franchising in Africa
with the aim of formulating an assistance programme for the franchise
industry in African countries. .... [more]
7 May, 2002
SA pioneers franchises on the continent. SA Companies
have invested billions of rands through setting up franchise operations
in Africa, says Franchise Association of SA (Fasa) executive director
Nic Louw. .... [more]
3 May, 2002
Steers keeps grilling despite profit warning. The ripple
effect of rising fuel and food prices is going to be evident when
fast-food franchise chain Steers Holdings reports its full-year results
at the end of May, after it released a profit warning on the JSE Securities
Exchange SA on Friday. .... [more]
29 Apr, 2002
Delta dealers put R50m forward to optimise network.
Delta Motor Corporation's dealership network invested more than R50m
on capital expenditure projects across the country, the group announced
yesterday. .... [more]
23 Apr, 2002
Interim results at NuClicks mixed. Multibrand
specialist retailer New Clicks Holdings (NuClicks) yesterday delivered
a mixed bag of results for the six months to February..... [more]
23 Apr, 2002
Pick 'n Pay moves into pharmacy business with Healthpharm.
For every independent pharmacy that is well-stocked, welcoming and
offers good value, there seems to be one with dusty, half-empty shelves,
bossy staff and extortionate prices. .... [more]
22 Apr, 2002
Pick 'n Pay's results deliver a pleasant surprise.
Food and grocery retailer Pick 'n Pay delivered a surprise to the
market yesterday by reporting earnings growth at the high end of expectations
and a lower than anticipated loss from its newly acquired Australian
businesses. .... [more]
17 Apr, 2002
Market eyes Australian cost in Pick 'n Pay's results.
The market expects food and general retailer Pick 'n Pay's results
for the year to February due next Tuesday to be good, but the wild
card is how the group's Australian operations have fared. .... [more]
11 Apr, 2002
Bidvest plc wants a bite of Brake Bros. Bidvest
plc, the UK subsidiary of SA-listed food and services group Bidvest,
has launched a bid for catering supplier Brake Bros plc in a move
that would give it the lion's share of the UK market. .... [more]
9 Apr, 2002
Franchise dealers in SA demand protection. Motor
dealers, petrol station operators, tyre sellers and other retailers
in the automotive sector are to campaign for a "franchise dealers'
bill of rights" to prevent large companies from evicting them from
their businesses with as little as 30 days' notice. .... [more]
8 Apr, 2002
Pick 'n Pay steps up competition. Pick 'n Pay's
new Mini-Market chain will be taking on the Spar group, Seven Eleven
and servicestation forecourt stores in the convenience market. ....
[more]
26 Mar, 2002
Tile Afrika reports bright and shiny revenues.
Tile Afrika, the ceramic tile and sanitaryware retailer, yesterday
reported higher revenue, operating income and slightly improved attributable
income during the six months to December 2001 - a period which the
company said was characterised by "buoyant trade". .... [more]
14 Mar, 2002
Steer's to give KFC a run for its money. Steers
Holdings, the fast-food group, planned to confront KFC head-on in
the R2 billion quick-service restaurant chicken market, Kevin Hedderwick,
the chief operating officer for franchising, said yesterday. ....
[more]
14 Mar, 2002
American franchisers to meet potential local allies.
The commercial service of the US consulate general in Cape Town is
to host a "virtual matchmaker" on March 25 to introduce US franchisers
to potential SA partners. .... [more]
12 Mar, 2002
Franchise operators sue 7-Eleven. Summonses by
21 7-Eleven operators for damages against 7-Eleven Corporation were
issued by the Cape high court last Friday for the recovery of R13.3
million in discounts allegedly not passed on to them. .... [more]
12 Mar, 2002
Kingco expands franchise base with Mansfields joint venture.
Listed pub and restaurant group Kingco has expanded its franchise
base by entering into a joint venture with Mansfields Holdings, owners
of, among other brands, the Mansfields Pub and Restaurant licence.
.... [more]
11 Mar, 2002
Spur sizzles with meaty turnover of R72m. Spur
Corporation, the steak and pizza franchise chain, has almost doubled
its cash pile to R22m in the last six months, but is taking a prudent
view on spending it. .... 1 Mar, 2002
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