Sun International says it will sell a portion of its interests in its African assets to a foreign subsidiary of Thailand-listed Minor International Public Co (Mint) for R664m.
19 Aug 2014
Famous Brands, which owns Steers‚ Wimpy and Debonairs, plans to open 243 new restaurants in the coming year after reporting record turnover and profit for the year. It is also planning to enter Angola and Ghana.
Zeenat Moorad 20 May 2014
Grand Parade, the company responsible for bringing Burger King to SA‚ said it bought a further 32.9% stake in Mac Brothers for R42,79 million‚ to achieve cost efficiencies and gain greater access to the African markets.
20 May 2014
Fast food group Famous Brands reported a 20% increase in headline earnings per share to 180c for the six months to August.
29 Oct 2013
In SA, Famous Brands produces 265,000 cups of specially blended coffee a day. With 2,175 restaurants, the company, whose brands include Wimpy, Steers and Mugg & Bean, also makes 77m ice-cream cones a year. It's the big daddy of SA franchising, with a R9,7bn market capitalisation, and it wants to repeat its local success in the rest of Africa.
Zeenat Moorad 16 Sep 2013
Auditing firm PwC on Thursday (13 June) projected total room revenue in SA would grow at a compound annual rate of 9.2% between now and 2017 after overall spending on rooms in all categories rose by 13.4% in 2012 to R15.2bn‚ reflecting an increase in stay-unit nights and a 5.3% rise in the average room rate.
Helmo Preuss 14 Jun 2013
Hilton Worldwide has expanded its product offering in SA over the past six months and the US-based group intends to increase its presence in Africa‚ according to vice-president of operations for Africa and the Indian Ocean‚ Jan van der Putten.
16 May 2013
Southern Africa's Travel and Tourism Film & Video Awards is in full preparation mode. The organisers are calling for entries from southern African film and video makers as well as from travel and tourism product owners.
12 Apr 2011
The Tourism Business Council of South Africa (TBCSA) will present the fourth Hospitality Investment Conference Africa (HICA) taking place in Johannesburg from 31 October to 2 November 2010. The conference programme will explore investment opportunities in the African context, challenges faced by the hospitality sector and review international trends and best practice.
8 Sep 2010
African Sun Limited announced on Tuesday, 8 September 2009, its expansion plans for its local and Zimbabwe operations to meet the influx of fans for the 2010 FIFA World Cup. Totalling US$ 60 million, it will raise the hospitality group's capacity to 8500 rooms by 2012 from the current 3000 rooms.
10 Sep 2009
Zimbabwe's retail giant, Innscor Africa, which runs a boutique of franchised fast food outlets across the country, is experiencing a brand crisis due to declining standards. This emerged from court documents following the arrest, made by immigration authorities, of Omer Rouben an Israel national recruited to head its brand loyalty division and revitalise the faltering brands.
Sam Hungwe 30 Mar 2009