{"id":815391,"date":"2025-03-05T11:59:00","date_gmt":"2025-03-05T09:59:00","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=815391"},"modified":"2025-07-25T15:52:16","modified_gmt":"2025-07-25T13:52:16","slug":"south-africas-favourite-food-chains-opening-more-stores-in-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/815391\/south-africas-favourite-food-chains-opening-more-stores-in-south-africa\/","title":{"rendered":"South Africa’s favourite food chains opening more stores in South Africa"},"content":{"rendered":"\n

The Spur Corporation continues to open more stores, with the group’s total number of stores increasing to 726 in 15 countries by the end of 2024. <\/p>\n\n\n\n

This marks a notable increase from the 687 restaurants in December 2023 and the 701 restaurants in June 2024.<\/p>\n\n\n\n

The group said that 21 restaurants were opened the six months ended December, comprising six Spurs, six Panarottis, one John Dory’s, three RocoMamas, three Doppio Zero, one Piza e Vino and one Modern Tailors. <\/p>\n\n\n\n

This brought the total South African restaurant footprint to 619 restaurants. However, five restaurants were closed in South Africa in the period. <\/p>\n\n\n\n

The group also opened 12 new restaurants in the rest of Africa, bringing its international store network to 107. <\/p>\n\n\n\n

However, three restaurants, including two RocoMamas in Saudi Arabia, closed during the period as the group exited the underperforming region.<\/p>\n\n\n\n

The group noted that the global macro-environment, shaped by geopolitical tensions, political uncertainty, and supply chain challenges, continues to pressure the economies of African countries.<\/p>\n\n\n\n

The group highlighted several currency devaluations against the rand in certain African markets, such as Ghana, Nigeria and Zambia. <\/p>\n\n\n\n

Looking solely at South African restaurants, the group increased the number of stores by over 20 from December 2023 to December 2024.<\/p>\n\n\n\n

Spur (+7), Panarottis (+10), and Doppio Zero (+5) drove this. The group also added additional restaurants at Casa Bella, Modern Tailros, and RocoMamas.<\/p>\n\n\n\n

However, several restaurants still saw their total numbers remain flat or decline, such as John Dory’s, Niko’s and Piza e Vino. <\/p>\n\n\n\n

Restaurants<\/strong> in South Africa<\/strong><\/td>Dec 2023<\/strong><\/td>Jun 2024<\/strong><\/td>Dec 2024<\/strong><\/td>12-month
Change<\/strong><\/td><\/tr>
Spur<\/td>305<\/td>307<\/td>312<\/td>+7<\/strong><\/mark><\/td><\/tr>
Panarottis<\/td>82<\/td>88<\/td>92<\/td>+10<\/strong><\/mark><\/td><\/tr>
RocoMamas<\/td>85<\/td>85<\/td>87<\/td>+2<\/strong><\/mark><\/td><\/tr>
John Dory’s <\/td>48<\/td>46<\/td>47<\/td>-1<\/strong><\/mark><\/td><\/tr>
Hussar Grill<\/td>26<\/td>27<\/td>26<\/td>–<\/td><\/tr>
Doppio Zero<\/td>25<\/td>27<\/td>30<\/td>+5<\/strong><\/mark><\/td><\/tr>
Piza e Vino<\/td>10<\/td>9<\/td>10<\/td>–<\/td><\/tr>
Casa Bella<\/td>6<\/td>7<\/td>7<\/td>+1<\/mark><\/td><\/tr>
Nikos<\/td>7<\/td>6<\/td>6<\/td>-1<\/strong><\/mark><\/td><\/tr>
Modern Tailors<\/td>1<\/td>1<\/td>2<\/td>+1<\/strong><\/mark><\/td><\/tr>
Total<\/strong><\/td>595<\/strong><\/td>603<\/strong><\/td>619<\/strong><\/td>+24<\/mark><\/strong><\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n

Financials<\/strong><\/h2>\n\n\n
\n
\"\"<\/a><\/figure><\/div>\n\n\n

When it comes to the financials for the six months ended 31 December 2024, the group said that total restaurant sales for the six months increased by 10.0% to R5.9 billion. <\/p>\n\n\n\n

The growth in the speciality dining portfolio was accelerated following the acquisition of a 60% interest in the Doppio Collection, effective 1 December 2023. <\/p>\n\n\n\n

The Doppio Collection restaurant sales for the six months contributed R350.8 million to total group restaurant sales compared to R66.7 million for one month in 2023. <\/p>\n\n\n\n

When excluding the contribution from the Doppio Collection, total restaurant sales jumped by 4.8% for the period.<\/p>\n\n\n\n

With its size in its overall restaurant portfolio, Spur contributed 64% to the group’s South African restaurant sales followed by RocoMamas and Panarottis, each representing 10% of South African sales.<\/p>\n\n\n\n

The group added that the Panarottis\u2019 small-town strategy has contributed to the double-digit growth over the past two reporting periods, with high levels of franchisee interest for new restaurants. <\/p>\n\n\n\n

Marketing and product changes at RocoMamas have also yielded good results, with like-for-like restaurant sales growing by 6.9%. <\/p>\n\n\n\n

The group, however, did stress that the macroeconomic environment is not favourable. Despite two interest rate cuts in the period, cost of living constrants continue to limit general household spend. <\/p>\n\n\n\n

It said that the reduction in borrowing costs and food inflation was not sufficient to increase disposable income and discretionary spending.<\/p>\n\n\n\n

Although R43 billion was withdrawn from savings accounts via the two-pot system over the period, the additional funds were applied to priority areas like debt reduction. <\/p>\n\n\n\n

Nevertheless, the group still saw revenue increase by 13% to R2 billion, while gross profit increased by 19.8% to R639 million. <\/p>\n\n\n\n

The group’s basic earnings per share increased by 12.1% to 178.84 cents per share, with the group increasing its interim dividend per share by 11.6% to 106 cents per share.<\/p>\n\n\n

\n
\"\"<\/a>
Source: Spur<\/figcaption><\/figure><\/div>","protected":false},"excerpt":{"rendered":"

The Spur Corporation continues to increase its number of restuarants despite the strained consumer environment. <\/p>\n","protected":false},"author":95,"featured_media":716806,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[21917,21918,21921,21920,14339,21919,12438,10435],"class_list":["post-815391","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-doppop","tag-hussar-grill","tag-john-dorys","tag-modern-tailors","tag-panarottis","tag-piza-e-vnio","tag-rocomamas","tag-spur"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/815391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=815391"}],"version-history":[{"count":12,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/815391\/revisions"}],"predecessor-version":[{"id":833091,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/815391\/revisions\/833091"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/716806"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=815391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=815391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=815391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}