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Newmark signs exotic Zanzibar property

Newmark has added yet another African property to its portfolio - the Chuini Zanzibar Beach Lodge, which occupies 1.5 hectares on the west coast of the island of Zanzibar.

11 Aug 2016

Sun International sells some African assets

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

Grand Parade ups its stake in Mac Brothers

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

Ocean Basket eyes growth in foreign markets

Ocean Basket, the seafood restaurant famous for serving meals in frying pans, has aggressive plans to expand globally over the next three years.

By Zeenat Moorad 29 Jan 2014

Famous Brands half-year earnings up 20% to 180c

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

Quick meals for Africa

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

Franchise sales up 16.8% for Famous Brands

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

Tsogo Sun spending US$100m in Africa

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