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.
Policymakers on both sides of the Atlantic have argued for years how to span the bridge between peaceful Europeans from Venus and realist Americans from Mars. The truth is, the debate on our diverging approaches to the challenges of global order has already been overtaken by events. Both Venus and Mars are, after all, part of the same solar system, and subject to the same Newtonian laws of physics. And these increasingly work against the North-Atlantic and Western world. China‘s 1.3 billion population dwarfs that of the EU and the U.S. Europe and America have seen their share of world trade fall to a combined total of below 30 percent in the face of tough competition from India, China, and other key trading nations set on converting their cheap labor industries into technologically sophisticated economies.
via Daniel Caspary: Mars and Venus Don’t Matter in International Trade.