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Finding the fat in the restaurant business

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Load-shedding has driven people to more takeaways, but the outlets are run at a huge cost. Yet analysts say the sector is one to back.

Fast food and casual dining restaurants are among the few sectors in South Africa to derive any benefit from load-shedding as consumers escape their bleak homes for a hot meal elsewhere. Little wonder that Spur has scooped up the Doppio Group.

But, increasingly, the costs of serving these customers means there’s little to take home at the end of the month.... There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an

 

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Spur sizzles with 83% profit jump as customers look to escape load shedding | BusinessRestaurant group Spur appears to be the beneficiary of more South Africans choosing restaurants over trying to cook during load shedding, with the owner of RocoMamas and Hussar Grill on Monday reporting a surge in full-year profits. | News24_Business
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