SOUTH AFRICA FRANCHISE NEWS ARCHIVE

 
: : Jul-Dec 2003

Midas empowers Jomo Sono and its franchisees. Midas, the leading automotive replacement parts distributor and franchisor, has named business and soccer magnate Jomo Sono along with the group's franchisees as shareholders in the Midas Group (Pty) Ltd. .... [more] 11 Dec, 2003
Fast-fish chain pins hope on health fad. Fast-food franchise Something Fishy said yesterday that it would turn up the heat on its competitors with a plan to roll out 50 new-look outlets with a more diverse menu next year. .... [more] 10 Dec, 2003
Metcash, 7-Eleven merger okayed. The Competition Tribunal has given conditional approval for the merger between franchised convenience store group 7-Eleven and a subsidiary of grocery and consumer goods retailer Metro Cash & Carry (Metcash). .... [more] 3 Dec, 2003
Steers' finalises Pleasure Foods deal. Listed fast food group Steers Holdings (STE) has said that it had finalised its acquisition of Pleasure Foods (Pty) ltd. .... [more] 3 Dec, 2003
Pick 'n Pay's and Woolworths' online portals show steady growth. More than three years after they were officially launched, online retailers Pick 'n Pay's Home Shopping and Woolworths' inthebag have not experienced any fireworks but, instead, can boast steady growth. .... [more] 2 Dec, 2003
Survey of public trust in top firms ranks Pick n Pay on top. Pick 'n Pay has emerged from the poison-extortion crisis that threatened the retailer earlier this year as the most trusted of SA's top companies. .... [more] 2 Dec, 2003
Geffen spearheads Sotheby's charge. Sotheby's International Realty, a wholly owned subsidiary of the London-based fine art and auction house, is moving aggressively into the South African market. .... [more] 27 Nov, 2003
Nando's says it will take it slow in Nigeria. Nando's, the recently delisted chicken group, has downplayed its Nigerian expedition, saying it would not be opening many outlets in the west African country. .... [more] 18 Nov, 2003
Major growth for Jigsaw franchises. South Africa's biggest real estate franchise holding company, the Jigsaw Group, has reported "incredible growth" in the last six months with subsidiaries ERA, Realty 1 Elk and Aida all healthy despite aggressive rivalry from an outside group. .... [more] 11 Nov, 2003
Mugg & Bean heads for global waters. Mugg & Bean, the coffee-themed restaurant franchise, is well on its way to becoming one of South Africa's global companies. .... [more] 11 Nov, 2003
Metcash must divulge loyalty deal with 7-Eleven. Metro Cash & Carry (Metcash) appears to have more pressing problems than the Competition Tribunal's concerns raised yesterday over its proposed acquisition of 7-Eleven Africa and certain assets of the 7-Eleven Corporation. .... [more] 6 Nov, 2003
Tribunal asks Metcash to set condition. In an innovative move the Competition Tribunal yesterday asked Metro Cash & Carry to formulate the wording for a possible condition that would be attached to the tribunal's approval of Metcash's acquisition of Seven Eleven Africa and certain assets of Seven Eleven Corporation. .... [more] 6 Nov, 2003
Pick 'n Pay rumoured to be talking to Boardmans buyers. Retail group Pick 'n Pay is rumoured to be talking to a number of potential buyers for its homeware chain Boardmans, with Edcon or Truworths tipped as the most likely contenders. .... [more] 3 Nov, 2003
Ruling gives Steers Pleasure. The Competition Commission yesterday approved Steers Holdings' R150,6m acquisition of Pleasure Foods, establishing the fast food group as the largest quick-service restaurant franchise chain in Africa. .... [more] 30 Oct, 2003
Golding aims for R8bn in sales. Pam Golding Properties, the residential arm of the global Pam Golding Property (PGP) group - which has well over 400 offices and associated offices around the world, has achieved sales turnover of R4.1 billion for the six-month trading period from March to August 2003. ..... [more] 30 Oct, 2003
Shoprite is happy with first quarter. Supermarket retailer Shoprite Holdings, in the throes of a national wage strike, said yesterday it had traded in line with expectations in the three months since its June year-end. .... [more] 29 Oct, 2003
Sotheby's opens first of its realty franchises in the Cape. Sotheby's International Realty - operated by Lew Geffen - has opened the first of its 10 franchise offices in the Cape and has taken over the historic Hout Bay landmark, Kronendal, as its new Cape foothold. .... [more] 27 Oct, 2003
Steers franchise operations boost earnings. Steers Holdings, the fast food franchise company that represents the Steers, Debonairs Pizza, FishAways and Church's Chicken brands, on Monday reported that headline earnings per share were up 39 percent to 14.5 cents for the six months ended August 31. .... [more] 27 Oct, 2003
Mica plans to open more stores in Africa. The Mica group, the large independently owned DIY (do-it-yourself) and lifestyle retailer with an annual retail turnover of R1.5 billion, has increased its number of stores in the UK to 184 and intends to expand its presence in Africa. .... [more] 23 Oct, 2003
Franklins takes strong stand to stay competitive. Pick 'n Pay's Australian business, Franklins, cannot be expected to break even in the second half of the current financial year. .... [more] 21 Oct, 2003
7-Eleven franchiser squares up for more battles in court. George Hadjidakis, the owner of the 7-Eleven franchise, is squaring up for further legal battles with his creditors. .... [more] 21 Oct, 2003
Fashion boost at Rex Trueform. Fashion retail chain Queenspark, which contributes two-thirds of clothing manufacturer Rex Trueform's turnover, is set for continued turnover growth following a stylish year and early signs of chic spring/summer trade. .... [more] 20 Oct, 2003
Mugg & Bean opens 49th franchise store. Mugg & Bean will open its seventh store in KwaZulu-Natal and its 49th nationally when the Ballito franchise opens this weekend. .... [more] 16 Oct, 2003
Scooters Pizza puts 385 Cape jobs on the menu. Scooters Pizza would create about 385 jobs in the Western Cape by the end of next year after breaking into the market with its flagship store in Stellenbosch at the end of the month, Carlo Gonzaga, the managing director, said this week. .... [more] 6 Oct, 2003
Scooters goes for a slice of Cape trade. Scooters Pizza will open its Stellenbosch branch later this month in a move that secures the three-year-old pizza company a national footprint. .... [more] 6 Oct, 2003
OK to venture into townships. The OK Franchise division has entered into an agreement in principle with an empowerment group that will enable it to extend its operations into traditionally black areas. .... [more] 2 Oct, 2003
Pam Golding franchises see record home sales. During August 2003 Pam Golding Franchise Services achieved record sales of almost 231 million rand. .... [more] 16 Sep, 2003
Spur plans aggressive restaurant expansion programme. Restaurant group Spur Corporation opened two new Spur Steak Ranches in the first two months of its current financial year and plans to open another 10, as well as four new Panarottis Pizza Pastas and about six international stores. .... [more] 12 Sep, 2003
Wrap-up of 7-Eleven, Metcash deal slowed. Unexpected delays have arisen in the final stages of the Metro Cash & Carry (Metcash) deal with 7-Eleven Corporation, which means the 7-Eleven creditors that Metcash has assumed as part of the transaction will have to wait another couple of weeks for payment. .... [more] 4 Sep, 2003
Steers details financing for Wimpy and Whistle Stop. Steers Holdings would finance the R150,6m acquisition of Pleasure Foods through a combination of cash reserves and debt finance, group financial director Paris Papageorgiou said at the weekend. .... [more] 1 Sep, 2003
7-Eleven's new concept. Seven Eleven, recently acquired by Metro Cash & Carry from the Hadjidakis family, is now offering prospective franchisees a new franchise option called a 'lease franchise', which allows the franchisee to run a store without investing money to purchase the business. .... [more] 28 Aug, 2003
Not much festive cheer for Truworths this December. Fashion retailer Truworths International expects the critical December 2003 trading period to be satisfactory following the cuts in interest rates. .... [more] 27 Aug, 2003
Insurance unit beats forecasts to lift profit. Discovery Life, the life insurance subsidiary of Discovery Holdings, exceeded expectations, growing annualised new business premiums 60% to lift operating profit before investments 936% to R114m. .... [more] 27 Aug, 2003
The Fruit & Veg success story. The Coppin brothers, two entrepreneurs in the Cape's fresh fruit and vegetable industry, hardly expected to be a major profit plant in the local fresh food industry when they planted the seed capital for Fruit & Veg City a decade ago. .... [more] 25 Aug, 2003
Careful Woolworths steps onto garage forecourts. Franchising is growing in importance for Woolworths Holdings, contributing about R1bn in turnover for the year to June, about 10% of the total. .... [more] 22 Aug, 2003
Shoprite to rule shopping in Africa with 171 more stores. Food retailer Shoprite planned to open 171 stores in Africa in this financial year, which would strengthen further its hold on the grocery retail market on the continent, the retailer said yesterday. .... [more] 20 Aug, 2003
Steers adds Pleasure to its franchise menu. Fastfood group Steers Holdings doubled its franchise base yesterday with the purchase of Wimpy and Whistle Stop holding company Pleasure Foods for R150,6m. .... [more] 20 Aug, 2003
KFC crows where McDonald's chickens out. KFC made franchise history yesterday by opening an outlet on the site where a McDonald's store had been forced to close because of low sales. .... [more] 13 Aug, 2003
Skonkwane moves into munitions industry. Skonkwane, the rural hardware franchisor that was placed under liquidation in South Africa and Swaziland recently, is moving into producing riot control apparatus. .... [more] 11 Aug, 2003
Young designer's vision to challenge world of fashion a success. Ten years ago a 21-year-old Capetonian, wearing denims, sneakers and a T-shirt, challenged the corporate world of fashion and changed the face of fashion marketing. .... [more] 11 Aug, 2003
Italtile opens shop in Zambia, Uganda next. Ceramic tile retailer Italtile is increasing its reach into Africa with the opening of its first store in Zambia during the past financial year, and is now set to move into Uganda this year. .... [more] 8 Aug, 2003
Agency upgrades Pick 'n Pay's credit rating. Food retailer Pick 'n Pay has been given the highest possible short-term rating by international rating agency Global Credit Rating based on its ability to consistently generate healthy internal cash flows. .... [more] 7 Aug, 2003
Drug deal a milestone for New Clicks. The Competition Tribunal yesterday unconditionally approved the acquisition by Clicks Organisation, the New Clicks subsidiary, of four pharmaceutical firms. .... [more] 5 Aug, 2003
Pick 'n Pay poison scare was a hoax'. Forensic tests have confirmed that although Pick 'n Pay products were tampered with, an extortionist's claims of having poisoned them was a hoax. .... [more] 4 Aug, 2003
Court quizzes 7-Eleven founder on rebates. The 7-Eleven Corp.'s policy not to pass on to franchisees rebates and early settlement discounts it received was not something that needed to be disclosed to them the Cape High Court heard yesterday. .... [more] 1 Aug, 2003
Steers goes for growth opportunities. Management of quick-service restaurant franchise Steers Holdings is cautiously optimistic in its forecasts for this financial year in view of the promising growth opportunities ahead. .... [more] 30 Jul, 2003
Parties signal interest in all or part of 7-Eleven. Some parties had expressed keen interest in acquiring all or part of provisionally liquidated convenience store chain 7-Eleven Corporation and 7-Eleven Africa. .... [more] 24 Jul, 2003
Clicks deal troubles Tribunal. The Competition Tribunal had raised two areas of concern regarding the proposed acquisition by New Clicks subsidiary, Clicks Organisation, of four pharmaceutical firms, sources said yesterday. .... [more] 24 Jul, 2003
Truworths International beats economic odds to report 16.2% surge in revenue. Despite a slowdown in second-half sales growth across categories, fashion retailer Truworths International still managed a modish 16.2 percent rise in revenue in the 52 weeks to June. .... [more] 17 Jul, 2003
DNA ruined our supply chain Skonkwane. The atmosphere was tense on Friday at the inquiry into the failure of Mathews Phosa's building franchise, DNA Skonkwane. .... [more] 7 Jul, 2003
MFSA praises Pick 'n Pay. The Marketing Federation of Southern Africa (MFSA) praised Pick 'n Pay on Tuesday for acting in the public interest and telling consumers it had been under threat from an extortionist. .... [more] 1 Jul, 2003
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