Sun International says it will sell a portion of its interests in its African assets to a foreign subsidiary of Thailand-listed Minor International Public Co (Mint) for R664m.
19 Aug 2014 10:22
Grand Parade, the company responsible for bringing Burger King to SA‚ said it bought a further 32.9% stake in Mac Brothers for R42,79 million‚ to achieve cost efficiencies and gain greater access to the African markets.
20 May 2014 10:51
US hotel giant Marriott announced it had finalised a deal to buy the Protea group, Africa's largest hotel chain, for US$186m.
23 Jan 2014 10:24
Fast food group Famous Brands reported a 20% increase in headline earnings per share to 180c for the six months to August.
29 Oct 2013 10:34
South Africans travelling to Tanzania on holiday or business no longer require visas - and vice-versa. This significant move for co-operation between the two countries results from a bilateral country-to-country discussions and agreements.
25 Oct 2013 10:36
SkySafari, by Elewana, is an all-inclusive package, which is a blend of game-viewing opportunities, luxuriant accommodations, intimate dining choices and tailor-made experiences. SkySafari is all about ensuring exemplary and unfettered access to the wildlife spectacular that is Africa during each stage of the journey.
3 Oct 2013 11:33
In SA, Famous Brands produces 265,000 cups of specially blended coffee a day. With 2,175 restaurants, the company, whose brands include Wimpy, Steers and Mugg & Bean, also makes 77m ice-cream cones a year. It's the big daddy of SA franchising, with a R9,7bn market capitalisation, and it wants to repeat its local success in the rest of Africa.
By Zeenat Moorad 16 Sep 2013 09:21
Spur Corporation has reported a 22.4% rise in diluted headline earnings per share to 156.64c, up from 127.95c a year ago, for the year to June‚
13 Sep 2013 08:38
NAIROBI, KENYA: A devastating fire shut down Nairobi's international airport on Wednesday (7 August) in a major crisis that forced scores of flights at east Africa's biggest transport hub to be cancelled or diverted.
8 Aug 2013 12:58
Low-cost airline Mango's capacity will increase as it adds 30 weekly flights to its schedule after taking delivery of two new Boeing 737-800 aircraft in August.
9 Jul 2013 12:57
Famous Brands has reported that its franchise sales increased 16.8% in the March to May quarter with a 16% improvement in South Africa and a 27.2% improvement in the rest of Africa region.
19 Jun 2013 11:34
Auditing firm PwC on Thursday (13 June) projected total room revenue in SA would grow at a compound annual rate of 9.2% between now and 2017 after overall spending on rooms in all categories rose by 13.4% in 2012 to R15.2bn‚ reflecting an increase in stay-unit nights and a 5.3% rise in the average room rate.
By Helmo Preuss 14 Jun 2013 07:54
YUM Restaurants International is establishing a steady platform for its KFC brand on the African continent from which it intends to grow "exponentially" in the future, according to Bruce Layzell, the group's general manager of new African markets.
By Nick Hedley 10 Jun 2013 08:34
Improving safety‚ cutting fuel taxes and liberalising regulation to allow for greater connectivity between African countries are some of the key issues that must be tackled to boost aviation on the continent‚ International Air Transport Association's chief executive Tony Tyler said on Tuesday, (4 June)
By Nicky Smith 5 Jun 2013 10:54
WASHINGTON USA: President Barack Obama will leave on a first African tour next month, visiting Senegal, Tanzania and South Africa, but his itinerary released on Monday (20 May) bypasses Kenya, an ancestral homeland.
21 May 2013 11:32
Hilton Worldwide has expanded its product offering in SA over the past six months and the US-based group intends to increase its presence in Africa‚ according to vice-president of operations for Africa and the Indian Ocean‚ Jan van der Putten.
16 May 2013 08:38
The South African Tourism Indaba should expand its platform by attracting even more exhibitors and buyers from the African continent, Tourism Minister Marthinus Van Schalkwyk said on Sunday (12 May).
14 May 2013 11:56
In line with its growth strategy‚ Tsogo Sun has announced an investment of US$100m to be used to expand the group's hotel network in Africa.
25 Apr 2013 08:02