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 SOUTH AFRICA
FRANCHISE NEWS ARCHIVE
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: : Jul-Dec 2003
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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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