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Spur Steak Ranches

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Spur Corporation
Spur Corporation
Company typePublic (JSE: SUR)
Industryrestaurant
Founded24 October 1967; 56 years ago (1967-10-24)
FounderAllen Ambor
HeadquartersCentury City, Cape Town, South Africa
Key people
Mike Bosman
(Non-Executive Chairman)
Val Nichas
(CEO)
Cristina Teixeira
(CFO)
Kevin Robertson
(COO)
Productsrestaurant franchises
RevenueIncrease R3 045.2 million, up 27.4% (2022: R2 391.1 million)
(FY 2023)[1]
Increase R292.5 million, up 40.0% (2022: R208.9 million)
(FY 2023)[2]
Increase R318.4 million, up 51.9% (2022: R209.7 million)
(FY 2023)[2]
Subsidiaries
  • Spur Steak Ranches
  • Panarottis
  • RocoMamas
  • John Dory's
  • The Hussar Grill
  • Casa Bella
  • Nikos Coalgrill Greek
  • Doppio Zero
  • Piza é Vino and Modern Tailors
Websitewww.spurcorporation.co.za

Spur Corporation Limited (JSE: SUR) is a South African restaurant company. It operates a number of franchise chains, among them Casa Bella, Panarotti's‚ RocoMamas and Spur Steak Ranches.[3]

In 2020, the chain was forced to temporarily close all of restaurants amidst the COVID-19 pandemic.[4]

Brands[edit]

The current Spur Steak Ranches logo.

Spur Steak Ranches accounts for approximately 50% of the revenue of the company.[3] It sells food to takeaway and delivery services in some locations.[5]

Panarotti’s Pizza Pasta in Century City shopping mall, Cape Town, South Africa.

The Panarotti's pizza and pasta restaurant chain was started in 1990[6] and has 84 outlets.[7]

John Dory's Fish & Grill in Century City shopping mall, Cape Town, South Africa.

In 2004 the group bought a 60% shareholding in John Dory’s Fish and Grill,[6] a KwaZulu-Natal-based franchise with 54 outlets.

Controversies[edit]

2017 racist incident[edit]

In March 2017, a racially charged incident occurred between two customers in a South African Spur Steak Ranch restaurant when a black African family got into an expletive-filled argument with a white Afrikaner family, after a black child reportedly hit a white child. The restaurant banned the white family from the premises, but did not ban the black family.[8] White Afrikaners eventually criticized and ultimately boycotted the restaurant for siding with the black family, as well as for not doing more to break up the fight. The restaurant chain also received criticism for its slow official response, which was judged inadequate.[3]

References[edit]

  1. ^ "Final Results 2023" (PDF). Spur Corporation. 2023. Retrieved 30 June 2023.
  2. ^ a b "Final Results 2023" (PDF). Spur Corporation. 2023. Retrieved 30 June 2023.
  3. ^ a b c "Spur struggling as hangover for racist social media storm continues to bite". www.timeslive.co.za. Retrieved 2 March 2019.
  4. ^ "Paper menus and no pouring of drinks: Here's how Ocean Basket restaurants will change". BusinessInsider. Retrieved 17 July 2020.
  5. ^ "From Small Beginnings To Big Brands - A taste for life - Spur - Wattpad". www.wattpad.com. Retrieved 7 December 2020.
  6. ^ a b New Tourism Ventures: An Entrepreneurial and Managerial Approach. p. 77.
  7. ^ "Top 20 fast food franchises that make the most money in South Africa". businesstech.co.za. Retrieved 2 March 2019.
  8. ^ Khoza, Leeto M. (March 2017). "[WATCH] Heated confrontation at Spur sparks outrage". ewn.co.za. Retrieved 2 March 2019.

External links[edit]

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