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LEADERSHIP REVIEWS ON THE BUSINESS

  • ALLEN AMBOR

    EXECUTIVE CHAIRMAN

  • PIERRE VAN TONDER

    GROUP CHIEF EXECUTIVE OFFICER

The challenging economic conditions reported last year carried over into the year under review with GDP contracting in the fourth quarter of 2016 and the first quarter of calendar 2017. Pressure on consumer spend continued.

We will consider compelling opportunities to grow by acquisition, however we have been successful with homegrown brands and will continue to assess new concepts in the areas we don’t already have representation in.

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  • RONEL VAN DIJK

    CHIEF FINANCIAL OFFICER

A strategic move was made in the last quarter of the financial year to discontinue discount-based promotions at Spur Steak Ranches that drive franchisee revenue and replace them with value add promotions that reward customer loyalty and better support franchisee profitability.

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2017 highlights

  • RESTAURANT TURNOVER

    R7.2 billion

    2.7%
  • HEADLINE EARNINGS

    R133.9 million

    18.4%
  • OPERATING PROFIT BEFORE FINANCE INCOME

    R178.3 million

    2.6%
  • RETURN ON EQUITY

    16.6%

OUR STRATEGY

Aims to ensure that sustainable returns are generated for providers of financial capital over the long term. These returns support the creation of value for the group’s other key stakeholders. The strategy is based around two complementary objectives, supported by the strategic value drivers of growing revenues and maintaining sustainable business.

OPERATIONAL REPORTS