SOUTH AFRICA FRANCHISE NEWS ARCHIVE

 
: : Jul-Dec 2004

Spur catches 60% stake in fish franchise. Steakhouse chain Spur has acquired a 60% stake in the KwaZulu-Natal based franchise, John Dory's Fish & Grill, for a cash consideration of R5.5 million. .... [more] 7 Dec, 2004
Spur to go on buying its shares. Spur, the listed restaurant franchise group, would continue to buy back its shares to boost its management incentive scheme, the company said yesterday. .... [more] 26 Nov, 2004
Avis buys the Budget brand, gears up for Scandinavia. Avis Southern Africa has acquired the franchise for the Budget Rent A Car brand in Scandinavia and plans to expand both brands in the region. .... [more] 22 Nov, 2004
Manuka Café could expand to 60 stores. Manuka Café & Fine Wines Boutique, which combines a retail wine boutique with a Mediterranean cafe, has the scope to grow to 60 franchised branches in South Africa. .... [more] 18 Nov, 2004
Spar to ring up 130 new stores. The Spar Group, which listed on the JSE Securities Exchange in October after unbundling from Tiger Brands, plans to open 130 Spar, Tops liquor outlets and Build It stores by the end of next year, increasing the number of stores to almost 900. .... [more] 17 Nov, 2004
Major retailers gobbling up most of the action report. Retail activity in SA is becoming increasingly concentrated among the major chains, in line with global trends, market researchers ACNielsen said this week. .... [more] 17 Nov, 2004
Dancing Becomes a Big Business. When Claudia and Burger Herbst got the chance to take over a dance studio in Bell-ville six years ago, they didn't hesitate for a moment. Now they own three Arthur Murray studios on a franchise basis. .... [more] 15 Nov, 2004
Franchise sector to get equity guidelines. The franchise industry is considering developing black economic empowerment guidelines rather than a charter for the sector, Franchise Association of Southern Africa chairman Peter Moyanga said yesterday. .... [more] 10 Nov, 2004
Spur warms up payments plan. Restaurant franchise group Spur Corporation intends to renew, for the second year in succession, its proposal to investors that the directors be given authority to make payments to shareholders. .... [more] 8 Nov, 2004
Pick 'n Pay is mum on plastic bag revenues. Listed retailer Pick 'n Pay was cagey this week about how much money it had made through its green bag environmental initiative and said it had not been able to have the bags manufactured locally. .... [more] 7 Nov, 2004
Shoprite's sales growth counters low inflation. The Shoprite group, Africa's largest retailer, continued to build on its sales performance in the financial first quarter, despite being hampered by the pressures of low inflation. .... [more] 29 Oct, 2004
New Clicks earnings below expectations. Retail group New Clicks Holdings, which owns chains such as Clicks and The Body Shop that focus on health and beauty, reported growth in annual headline earnings below market expectations. .... [more] 23 Oct, 2004
Pick 'n Pay thrilled as efficiency feeds bottom line. "Excellent", was Pick 'n Pay chairman Raymond Ackerman's description yesterday of the retailer's 17.1 percent rise in interim headline earnings a share to 52.4c, despite food price deflation, and its 22 percent rise in trading profit. .... [more] 20 Oct, 2004
New listing Spar soars on debut. New JSE Securities Exchange South Africa listing food group Spar made a strong debut on Monday, soaring more than 10% in the first 15 minutes of trade. .... [more] 18 Oct, 2004
Nasasa Cellular to sell cellphones at post offices. Cellphones and airtime will soon be on sale at 2500 post offices nationwide with the South African Post Office entering a deal giving Nasasa Cellular the exclusive right to supply cellular products and services. .... [more] 7 Oct, 2004
Wise decisions make franchise work. Nilay and Kumesh Naidoo, a husband-and-wife partnership, took a year to do research and look for finance before buying a flamed grill chicken franchise. They turned to the Umsobomvu Youth Franchise Fund for funding. .... [more] 6 Oct, 2004
We have ice-cream for Africa, says Ola MD. Ola Milky Lane will aggressively roll out its international expansion programme by establishing 40 icecream parlours in Africa and the Middle East over the next five years, says MD Craig MacKenzie. .... [more] 30 Sep, 2004
Pick 'n Pay to profit on sale of Boardmans. Supermarket giant Pick 'n Pay Stores expects earnings for the six months to August to rise 20%-40% a share over the same period last year, due to the capital profit on the sale of its homeware chain Boardmans to Edcon during the period. .... [more] 28 Sep, 2004
Seven FAG managers suspended in investigation. Seven top managers at South African bearings and power transmission group FAG have been suspended pending the outcome of an internal investigation. .... [more] 23 Sep, 2004
Spur serves up 16% more in turnover. Family restaurant franchise group Spur Corporation was continuing to grow its brand outside SA with new Spur restaurants opening in the UK, Australia and Africa. .... [more] 15 Sep, 2004
Call-A-Car sales continue to grow. Call-A-Car, South Africa's independent online used vehicle retailer, which is part of listed motor retailer McCarthy (MCC) has announced a 6.5% increase in sales. .... [more] 13 Sep, 2004
Famous Brands thrives on Pleasure Foods. Fast food franchisor Famous Brands looks set to capitalise on its acquisition of Wimpy parent Pleasure Foods, as it said yesterday it that anticipated a 50%-70% boost in headline earnings in the six months to August. .... [more] 1 Sep, 2004
Truworths puts Identity at forefront of robust growth. Truworths International, the listed clothing retailer, said its Identity brand had the potential to grow beyond the 150 to 200 stores initially envisaged. .... [more] 23 Aug, 2004
Woolworths to roll out 40 stores with Engen. Woolworths, the listed clothing and food retailer, is going ahead with the expansion of its Engen convenience stores within Engen service stations, with phase one being the roll out of 40 outlets in the next 18 to 24 months. .... [more] 23 Aug, 2004
Truworths reports shining results. Clothing retailer Truworths International Ltd has reported a 27.4% rise in its fully diluted headline earnings per share for the year to end-June 2004. .... [more] 19 Aug, 2004
Mike's Kitchen trademark bought out. Holders of the master licence for Mike's Kitchen, the restaurant chain listed on the JSE Securities Exchange SA in the late '80s, have bought its trademarks and intellectual property, they said yesterday. .... [more] 17 Aug, 2004
Italtile sales up 20% despite import glut. Italtile, the listed retailer of ceramic tiles, bathware and related products, yesterday posted solid annual results, building on 13-year profit growth. .... [more] 5 Aug, 2004
Low food prices, strong rand take edge off Shoprite sales. A fall in food prices and a labour strike have put a damper on sales at grocery retailer Shoprite, according to a trading statement issued yesterday. .... [more] 23 Jul, 2004
Woolworths faithful shop until they drop. Food and textiles retailer Woolworths looks set to build on its strong position in the South African market, with sales rising 15,3% in the year to June. .... [more] 14 Jul, 2004
Newcomers to franchise industry to get a boost. Entrepreneurs trying to get into the franchise industry would be given a financial push by the Industrial Development Corporation (IDC), it said yesterday. .... [more] 8 Jul, 2004
7-Eleven now gets Friendly. The Western Cape has a new retail format now that one of the best known convenience store catastrophes has been revamped into a dual brand under the 7-Eleven/Friendly banner. .... [more] 5 Jul, 2004
Pick 'n Pay sees no end to its growth. Pick 'n Pay, the grocery chain that doubled sales over the past four years, did not expect any let-up in growth as the lowest interest rates in 23 years continued to fuel consumer demand. .... [more] 2 Jul, 2004
Famous Brands bags Bheki Sibiya as non-exec director. Famous Brands, which owns well-known fast food names such as Steers, Debonairs Pizza and the House of Coffees, has entered a new era with the appointment of its first black non-executive director, Bheki Sibiya.
.... [more] 1 Jul, 2004
Back to Top