Tuesday, 20 May 2014

A SOUTH AFRICAN RESTAURANT COMPANY SPREADS IT WINGS –Opens 41 More Branches In Africa

Africa is ripped for the restaurant and supermarket business and those who take advantage in investing in that area are raking in much profit. One of South Africa’s food retailer known as Famous Brands has indicated that it is about to launch 41 new restaurants across their brand stock in Africa this year and also enter Ghana and Angola where it has no operations.

Having posted an increase in system-wide sales of 32.5 percent during the year ended February this year, and a sale increase of 17.9 percent during the period under review, the management expects a great growth from their African operations thereby contributing to the company’s earnings over time.

Famous Brands African division has traded on the African continent for almost 20 years and currently has a presence in 16 countries. The company reported during the period under review that it has opened 16 new restaurants outlets on the continent with four refurbished. Read More......

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