Spur launches first drive-thru restaurant in South Africa as Burger King’s acquisition gets blocked

SOUTH AFRICA – Spur Corporation, South Africa based fast–food chains operator, has expanded its service offering with the launch of its first drive-thru restaurant in Pretoria. The move is in response to the changing consumer lifestyles, as it aims to broaden its appeal and foster a convenient way for its customers to get their favourite Spur meals. While the drive thru business model brings with it novel innovation for the group, some things will still remain the same as the traditional Spur dishes sold at its restaurants, including burgers, chicken…

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Spur Corporation continues to be negatively impacted by COVID-19 reporting 29.5% decline in sales

SOUTH AFRICA – South Africa based fast–food chain operator, Spur Corporation has reported a 29.5% decline in sales to R2.9 billion (US$193 million) for the six months ended December 31, from R4.1 billion (US$273.4m) in the same period a year earlier, due to COVID -19 trading restrictions and lower consumer disposable incomes. Sales from franchised restaurants in South Africa declined by 31 percent with sales from international restaurants decreased by 17.3 percent in rand terms. South Africa’s restaurant sector has been one of the hardest hit industries by the COVID-19…

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