Going international gives Spur a leg-up

15 September 2019 - 00:12 By NTANDO THUKWANA

Franchise restaurant owner Spur Corporation has been able to stave off a weak report card by expanding into international markets, thus not restricting itself to a highly competitive quick-service restaurant industry whose pace of growth in SA paints a bleak picture.

On Thursday, the owner of the RocoMamas and Panarottis brands reported full-year financial results to end-June 2019, showing sales growth of 7.2% across its local and international brands to R7.6bn. Revenue for SA increased 5.7% while internationally it rose 10%...

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