The group provides shareholders with a sustainable return on investment through a rigorous focus on capital efficiency and strategy execution that takes a long-term view.
Considering the volatility of the local economy and the food and retail sectors, the board remains risk averse. Long-term growth opportunities are assessed in a planned, considered and balanced way, avoiding short-term thinking that might weaken the business over the longer term.
Spur Corporation’s Dividend Payment Policy remains unchanged, and the group has consistently paid dividends over the past five years.
The group focuses on operational excellence, marketing exposure, brand recognition and value proposition to grow market share. Despite difficult trading conditions and increased competition across the group’s brands, the group has maintained market share over the past five years.
Spur Corporation owns eight well-established and diverse brands, including some of South Africa’s most recognised restaurant brands. Spur Corporation’s restaurants serve a full range of customers and offer consistent value at multiple price points.
Awards in 2019
Spur Steak Ranches won:
The Hussar Grill and Casa Bella both achieved platinum status at the Diners Club Wine List Awards 2018.
Casa Bella Mall of Africa won the Rosetta Restaurant South Africa: Bistro of the year award.
Spur Corporation’s executive directors and key management collectively hold 354 years of restaurant industry experience. Many started their careers working at the group’s restaurants.
The group appointed a new independent non-executive chairman, Mike Bosman, and two new independent non-executive directors, Cora Fernandez and Professor Shirley Zinn. The board will benefit from greater diversity of skills and experience, age, culture, race and gender.
Vision 2023 lays the foundation for wide-ranging change and growth.
It was developed through introspection and stakeholder engagement and aims to bed down business fundamentals and processes to enable rapid scale and growth.
Read more in the strategy section from here.