Spur reports 0.9% revenue decline, as a result of low consumer spending

SOUTH AFRICA - Restaurant Group Spur has reported lower first-half earnings, after attracting less feet through its doors. Revenue declined 0.9% to US$29.33 million in the six months to End-December, as franchise fee income declined due to lower restaurant sales. Total franchised restaurant sales from continuing operations across the local and international operations declined 2.6%…

Spur founder to step down after 51 years of service

SOUTH AFRICA - Spur Corporation, a steakhouse franchise restaurant chain’s executive chairman Allen Ambor will step down in a year’s time after spending 51 years at the company he founded, set for March 1 2019. The nominations committee of the board- after Ambor serves a 12-month notice period- would soon start looking for a new…