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 SOUTH AFRICA
FRANCHISE NEWS ARCHIVE
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: : Jul-Dec 2002
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New Clicks sure it has successful mix. Considerable
effort is being put into converting Purchase Milton & Associates into
a successful retail pharmacy chain, and New Clicks is optimistic that
in the year ahead it will be able to generate a sufficient profit
to service its loan from New Clicks. .... [more]
24 Dec, 2002
Buoyant trading gives Spur impetus to expand. Buoyant
trading in the past year is giving Spur Corporation, owner of franchised
brands like Spur Steak Ranches and Panarottis Pizza-Pasta, the impetus
to expand further next year with store renovations in SA and the opening
of stores in Africa and Europe. .... [more]
10 Dec, 2002
NuClicks given thumbs up for its UPD buyout. Retailer
New Clicks Holdings has been given the thumbs up from competition
authorities for its R281 million acquisition of pharmaceutical wholesale
distributor New United Pharmaceutical Distributors, thereby cementing
another, and this time largish, brick in its healthcare strategy.
.... [more]
10 Dec, 2002
Shoprite scores bigger slice of African market. Score
Supermarkets, a division of food retailer Pick 'n Pay, said yesterday
it would sell its Tanzanian operations to Shoprite Checkers. ....
[more]
5 Dec, 2002
McDonald's shrinks, but SA burger bosses say demand is not waning.
Signs of distress under the golden arches, evidence of which is seen
in last week's announcement that McDonald's SA intends to close a
seventh of its stores in the country, are not shared by the group's
obvious competitors in the fast-food business. .... [more]
3 Dec, 2002
Metcash to bag higher interim profit. Metro Cash and
Carry (Metcash), the top grocery wholesaler, is expected to report
profit of 11.55c a share for the six months to October, up from 8c.
.... [more]
3 Dec, 2002
Nando's global expansion shows a strong increase. 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 at the
weekend. .... [more]
2 Dec, 2002
Nando's offshore units help plump up profit by 46%
Nando's Group Holdings, the quick-service chicken restaurant chain,
plumped up its attributable profit by 45.8 percent to R17 million
for the six months to August on the strength of a 130 percent increase
in income from its associated offshore companies. .... [more]
2 Dec, 2002
Group to assume Sweets from Heaven's debt. A new consortium,
including CEO Laurie Davidoff and senior management, is taking on
confectionery retail chain Sweets from Heaven's long-term debt, as
well as more than a quarter of its issued shares from existing creditors
in a move aimed at ensuring the group's long-term financial health.
.... [more]
28 Nov, 2002
Clicks to spend R46m on new and old stores. Clicks,
the health, home and beauty chain owned by New Clicks Holdings, is
upgrading about 60 of its 250 stores in southern Africa at a cost
of R26m. .... [more]
26 Nov, 2002
Lack of black-run motor service franchises. The number
of franchise outlets run by black people in some parts of the vehicle
services market will not grow robustly over the next few years, according
to Franchize Directions director Bendeta Gordon. .... [more]
22 Nov, 2002
Kauai gets healthy R5,8m growth finance from IDC. Health
food and juice company Kauai has secured a R5,8m financing facility
from the Industrial Development Corporation (IDC) to develop its joint
venture franchise programmes, CEO Herman Redelinghuys said yesterday.
.... [more]
21 Nov, 2002
Shoprite buys retail group in Madagascar. Food retailer
Shoprite Holdings has snapped up the Champion supermarket group in
Madagascar, consisting of five supermarkets and one distribution centre,
as part of its regional expansion programme outside South Africa.
.... [more]
19 Nov, 2002
Mr Delivery hits out at rival. Mr Delivery, a national
food and retail delivery service, locked horns in the Cape Town High
Court last week with a new delivery service in Western Cape which
was started by a former employee. .... [more]
12 Nov, 2002
Truworths continues to please, but doubt lingers. Truworths
International was continuing to trade at the same satisfactory level
as in the previous financial year, but there was some uncertainty
about trade leading up to Christmas, executive chairman Michael Mark
said at the group's annual general meeting yesterday. .... [more]
7 Nov, 2002
Nando's not involved in UK chain bid. Nando's Group
Holdings was not involved in a 380m bid being made by one of its major
shareholders, Capricorn Ventures International, for a UK food chain,
Pizza Express, executives from Nando's and Capricorn said yesterday.
.... [more]
6 Nov, 2002
Scooters expands at full throttle. Pizza chain Scooters
is set to expand beyond the SA borders with plans to open stores in
four East African countries over the next two years, MD Carlo Gonzaga
said at the weekend. .... [more]
4 Nov, 2002
Plan for small business due to go ahead. The cabinet
is likely to approve the long-awaited integrated small business support
strategy before the end of the year, says Wawa Damane, the chief director
of trade and industry for The Enterprise Organisation. .... [more]
30 Oct, 2002
Major Nando's shareholders mum on offer. Nando's management
remained reticent this week on why its controlling shareholders have
taken twoand-a-half months to come up with a firm offer after announcing
in mid-August that they were considering making a delisting offer
at 65c a share. .... [more]
30 Oct, 2002
Health-care firm to roll out stores nationwide. House
of Health will roll out a national retail franchise network in highprofile
shopping centres over the next five years, in a bid to secure an increasing
slice of the R1,74bn alternative health sector. .... [more]
29 Oct, 2002
Shoprite lays out its plans for Africa. Shoprite Holdings,
the SA supermarket chain, is currently negotiating sites, building
stores or on the verge of opening new stores in Angola, Ghana, Mauritius,
Madagascar and India. .... [more]
21 Oct, 2002
New Clicks invests R78m in future. Although the operations
of retailer New Clicks performed well for the year to August, a R78m
provision for a loan to Purchase Milton & Associates knocked its results.
.... [more]
16 Oct, 2002
Metcash's battle plans delivers dividends. After a
period of poor results and harsh criticism in the previous trading
period, global consumer goods distributor Metro Cash & Carry's (Metcash)
battle plan paid dividends in the past year with the group able to
register success in every trading aspect with all the objectives either
met or exceeded. .... [more]
14 Oct, 2002
Pick 'n Pay benefits from inflation. Bottom line profit
from Pick 'n Pay, the supermarket chain, surged a third in the six
months to August, in an inflationary environment where it would be
difficult for a retailer not to make a profit, management said. ....
[more]
9 Oct, 2002
Franchise royalty fees may not always be tax deductible.
Taxpaying companies entering franchise agreements with foreign franchisers
should be aware that they may not always claim royalty fees as a deduction.
.... [more]
30 Sep, 2002
New Clicks launches Australian pharmacy group. Despite
tough competition in the Australian pharmaceutical retail market,
SA health, beauty and lifestyle group New Clicks launched a new pharmacy
banner group in the country yesterday. .... [more]
20 Sep, 2002
Spur sizzles on new branches, UK appeal. Spur, which
owns restaurant franchise brands such as Spur Steak Ranches and Panarottis
Pizza Pasta, has continued to grow its local franchise operations
while successfully establishing an offshore beachhead in the UK, Ireland
and Australia. .... [more]
19 Sep, 2002
Hopes dim for higher Nando's buyout price. A number
of questions continue to hover over the possibility that Nando's,
the fast-growing food franchise group, could be about to exit the
JSE Securities Exchange SA. .... [more]
18 Sep, 2002
Educor struggles to sell its tertiary education franchise group.
Listed education group Educor is battling to find a suitable buyer
for its tertiary education franchise group, The Academy of Learning.
.... [more]
13 Sep, 2002
Remax expands into Middle East, Mauritius. The Remax
International real estate group, which operates through franchises,
is expanding to the Arabian Peninsula and Mauritius. .... [more]
4 Sep, 2002
Soccer supporters go online. Kaizer Chiefs cyber centres
are to be established in supporter branches across the country over
the next three years..... [more]
3 Sep, 2002
Nando's share price creeps past 65c mark. The Nando's
share price has, unusually, crept past the 65c mark since it published
a notice last week indicating it was considering a buyout offer to
minorities at 65c a share. .... [more]
26 Aug, 2002
Truworths reports 65% hike in profit. Market share gains
and strenuous efforts to keep costs down paid off for fashion clothing
and cosmetics chain Truworths International in the year to June by
turning a 24% rise in sales into a 65% hike in profit off a high base.
.... [more]
23 Aug, 2002
Cell C puts franchise opportunity up for grabs. Cellular
network operator Cell C is planning to give away a franchise shop
worth about R600000 to an entrepreneur who devises the best business
plan to run it. .... [more]
22 Aug, 2002
Shoprite waits for final CNA figures. Shoprite Holdings
might find newsagent and stationery chain CNA a good fit as a niche
business within the group, as Shoprite is already one of SA's biggest
traders in magazines and books. .... [more]
21 Aug, 2002
Italtile develops workers' empowerment scheme. Italtile
Limited, SA's leading retailer of imported and local ceramic tiles,
sanitaryware, bathroom accessories and other related products, has
developed franchising opportunities for its black employees through
its national retail chain CTM. .... [more]
21 Aug, 2002
Shoprite results sharply up. Shoprite Holdings increased
operating profit by 28,4 percent to R522,2-million for the year ended
June 30. .... [more]
20 Aug, 2002
Nando's considers making buyout offer. The consortium
that controls chicken fast-food franchise group Nando's Group Holdings
is considering making a buy-out offer to the group's shareholders
at 65c a share, it announced yesterday. .... [more]
15 Aug, 2002
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