Spur’s earnings grow 14% this year as it banks on new technology opportunities

SOUTH AFRICA - The South African steakhouse franchise restaurant chain, Spur Corporation has posted a 14% rise in headline earnings per share (Heps) from continuing operations and is banking on technology platforms such as Uber Eats and Mr Delivery for services to expand its customer base, reports Business Day. While comparable Heps were down by…

Spur reports 25.9% decline in earnings partly blamed on racial incident

SOUTH AFRICA - Spur Corporation, the South African steakhouse franchise restaurant has reported 25.9% decline in headline earnings to US$10.28 million partly blamed on a racial spat at the restaurant, lower consumer spending and deteriorating economic conditions, reports ANA. The social media storm following the ‘racist’ argument at one of its outlets in Pretoria, together…

Spur takes 51% stake in Nikos grill, seeks to expand restaurant portfolio

SOUTH AFRICA - The steakhouse franchise restaurant chain, Spur Corporation has acquired 51% stake in Nikos Coalgrill Greek chain, a brand that the company believes has the potential to expand to about 50 restaurants nationally over the next few years. Spur CEO Pierre van Tonder said that Spur was seeking out more opportunities in a…