Streaming issues? Report here
jazz-sessions-on-capetalkpng jazz-sessions-on-capetalkpng
Jazz Sessions on CapeTalk Classics
17:00 - 19:00
volume_up
volume_mute

Up Next: SportsTalk with Buhle Madulini
See full line-up
Jazz Sessions on CapeTalk Classics
17:00 - 19:00

Home
arrow_forward
Business

Spur to open 11 more outlets in South Africa

27 February 2020 7:52 PM
Tags:
spur
spur corporation
spur restaurants
taste for life
Spur releases results saying it plans to open 11 outlets in SA and 17 internationally in the second half of the year.

Spur has released results saying it's managed to raise its dividend by nearly 25 per cent - profits are up.

On the line to The Money Show is Pierre van Tonder, CEO of the Spur Corporation.

It's obviously tapered off a little bit because of economic factors and a lot of other factors outside that we don't control. But there is still business to be done in South Africa. There is a certain amount of negativity in the market that's also because of poor consumer perception of what is happening in South Africa. If you're driving your quality and value issues I do think there's an opportunity in the current market to grow your business.

Pierre van Tonder, CEO - Spur Corporation

Hussar has been a good acquisition for us over the years. It does trade at the top end of the market. The beef we sell in both Spur and Hussar comes from the same feeding lot... Hussar has created a niche for itself in the marketplace - and again value driven. It's trading exceptionally well for us in those markets.

Pierre van Tonder, CEO - Spur Corporation

I still think Spur has rewritten the record books over many years.
If you look at the Spur growth and development in Africa and the Middle East, Spur is a very attractive proposition.

Pierre van Tonder, CEO - Spur Corporation
Spur Logo. Picture: Supplied

Listen to the sound clip below.

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning.

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : Spur to open 11 more outlets in South Africa


27 February 2020 7:52 PM
Tags:
spur
spur corporation
spur restaurants
taste for life

Recommended

More from Business

standard-bank-logojpg

Standard Bank extends payment break to personal accounts for low-income earners

29 March 2020 4:30 PM

The bank is extending its debt repayment holiday to personal account holders to help them through the Covid-19 crisis.

Share this:
Read More arrow_forward

patrice-motsepe-and-precious-moloi-motsepepng

[VIDEO] Motsepe family and associates pledge R1bn for fight against Covid-19

28 March 2020 2:49 PM

The Motsepe family announced details of the donation on Saturday. Several hundred million rand will be available 'immediately'.

Share this:
Read More arrow_forward

140819moodys.jpg

Moody's drops SA's credit rating to junk

28 March 2020 8:42 AM

The ratings agency cited weak growth and a decline in fiscal strength as its main reasons for the downgrade.

Share this:
Read More arrow_forward

Absa-Standard-Bank-Capitec-FNB-Nedbank-banking.jpg

How banking will operate during 21-day lockdown in SA

27 March 2020 8:40 AM

Managing Director at Banking Association of South Africa Cas Coovadia says some branches will be open to process Sassa payments.

Share this:
Read More arrow_forward

Coronavirus Covid-19 3D rendering disease cells 123rflifestyle 123rf

World-renowned futurist on how the world will change after Covid-19

26 March 2020 8:49 PM

Faith Popcorn is a US futurist who coined the term 'cocooning' - something we are all ordered to do now.

Share this:
Read More arrow_forward

south-african-reserve-bankjpg

SA Reserve Bank to buy government bonds to inject liquidity into market

26 March 2020 8:22 PM

In an unprecedented step, the Reserve Bank is buying government bonds.

Share this:
Read More arrow_forward

edcon-club-feejpg

The Money Show's Bruce Whitfield breaks down after Edcon chief begins to cry

26 March 2020 7:07 PM

Edcon CEO Grant Pattison broke down in tears today, telling suppliers the company only has sufficient liquidity to pay salaries.

Share this:
Read More arrow_forward

131029StatsSA .jpg

Lockdown will impact on the collection and publication of statistics in SA

26 March 2020 6:42 PM

Statistics South Africa warns the lockdown will impact on the collection and publication of official statistics.

Share this:
Read More arrow_forward

Price increase gouging exploitive pricing 123rfbusiness 123rflifestyle 123rf

Pick n Pay, Spar, Makro… most big retailers have outlets guilty of price gouging

26 March 2020 1:16 PM

"We’ve seen an upsurge of complaints in the past two days," says the Competition Commission’s Thembinkosi Bonakele.

Share this:
Read More arrow_forward

40d4aee7-c947-40c2-b59f-a195088e5a96jpg

Dial 012 337 1997 for info on UIF and other labour issues related to Covid-19

26 March 2020 11:25 AM

"If companies can't pay workers, they must use UIF. Don’t say to people it is unpaid leave," says the Department of Labour.

Share this:
Read More arrow_forward