LEADERSHIP REVIEWS ON THE BUSINESS
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.READ MORE
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.READ MORE
OPERATING PROFIT BEFORE FINANCE INCOME
RETURN ON EQUITY
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.