Spur Corporation ventures out of South Africa

Spur Steak Ranches

SPUR Corporation, whose brands include Panarottis, John Dory’s and Captain DoRegos, will open outlets in Swaziland, Nigeria, Tanzania, Namibia and the Seychelles next year.

With Africa’s middle class expected to triple by 2031, consumer-facing industries are harnessing opportunities to cash in on the surge in spending.

In its annual report, released on Monday, the restaurant franchise group said its strategy was to grow in existing territories to allow for the development of improved logistics, pricing and raw material efficiencies.

“Countries in the rest of Africa offer a good opportunity to enter higher growth markets although each market brings its own particular challenges,” CE Pierre van Tonder said.

There are 25 restaurants in the group’s African division, outside South Africa. The company has nine outlets in Mauritius.

via Spur Corporation ventures out of South Africa | Retail & Consumer | BDlive.

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