Franchise FAQ

does spur belong to the franchise association of south africa

by Prof. Loyce Okuneva II Published 2 years ago Updated 1 year ago

Spur Corporation is South Africa's leading family sit-down restaurant group. Its value-based quality family offerings across Spur Steak Ranches, Panarottis Pizza Pasta and John Dory's Fish Grill Sushi are all operated on a franchise basis.

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Is Spur a South African franchise?

Spur Corporation is South Africa's leading family sit-down restaurant group. Its value-based quality family offerings across Spur Steak Ranches, Panarottis Pizza Pasta and John Dory's Fish Grill Sushi are all operated on a franchise basis.

What group is Spur part of?

Leading for the Greater Good. Spur Corporation is a growing multi-brand restaurant franchisor, headquartered in Cape Town, and listed in the travel and leisure sector of the JSE Ltd.

Who are the shareholders of Spur?

Major shareholders include Allan Gray, Grand Parade Investments Ltd., Investec Ltd., Coronation Fund Managers, Fidelity and Spur Management Share Trust.

Is Spur a international franchise?

Spur Corporation has 84 restaurants operating in 14 countries outside South Africa. The international stores closely resemble their South African counterparts, with slight adaptations to appeal to the local markets.

Is RocoMamas owned by Spur?

Spur Corporation acquired the majority stake in RocoMamas in March 2015. With growth on the horizon for RocoMamas, Spur Corporation looks forward to keeping the brand true to its core values and distinctiveness that customers unquestionably love.

Who is the founder of Spur?

Allen AmborSpur Steak Ranches / Founder

Is spur a public company?

Spur Corporation is a growing multi-brand restaurant franchisor, headquartered in Cape Town, and listed in the travel and leisure sector of the Johannesburg Stock Exchange (JSE).

When was spur established?

1967Spur Steak Ranches / Founded

How old is Allen Ambor?

Renowned businessman Allen Ambor (76), the founder and executive chairman of Spur Corporation, has announced that he will retire on 1 March 2019. It all started on 24 October 1967 when Allen opened the doors of the Golden Spur in Dean Street, Newlands.

When did spur start in South Africa?

1967Since 1967, when founder, Allen Ambor, opened the Golden Spur in Newlands, Cape Town, Spur Steak Ranches have been part of the South African family. In the years since then, Spur has helped to create countless special memories and earned a reputation for tasty, nutritious, value-for-money meals.

Where was the first Spur in South Africa?

Cape TownThe first Spur Steak Ranches opened its doors in Cape Town in 1967.

Who started the Spur restaurants in South Africa?

Allen AmborSpur was founded in 1967 when Allen Ambor invested R4000 into opening the Golden Spur in Newlands, Cape Town. It sparked the rise of South Africa's most popular steakhouse franchise. Today you'll find a Spur in 15 countries and every town and mall in South Africa.

Which franchise is most profitable in South Africa?

These are the start-up costs for opening some of the biggest franchises in the country: KFC – from R6 million. Nando's – from R7 million. Debonairs – from R2 million....Top 20 fast food franchises that make the most money in South Africa.BrandSteersRevenue (2017)R1.35 billionGrowth (from 2016)8.9%Franchises (2017)561Revenue per outletR2.4 million19 more columns•Aug 2, 2018

Is there a spur in Ireland?

Spur Steak and Grill, Clondalkin, Dublin | Zomato.

Who is the CEO of Spur?

Val Nichas (Jan 1, 2021–)Spur Steak Ranches / CEOWe ask that everyone give his family space to be by Pierre's side at this most difficult time," said Val Nichas, the current CEO of the Spur Corporation.

Why is spur listed on the Johannesburg stock market?

Spur is a diversified holding company and multi-brand restaurant franchisor, with eight restaurant brands operating in South Africa and internationally. The group is listed in the travel and leisure sector of the JSE Ltd. Spur Corporation Ltd is listed on the Johannesburg Stock Exchange (JSE).

What is Spur Foundation?

The Spur Foundation strives to build a unique, supportive connection with South Africa’s most vulnerable children. Through initiatives focusing on uplifting, educating and nourishing these children, The Foundation aims to provide opportunity and hope to ensure a healthy strong generation of children who believe in themselves and their own abilities.

Where is Spur Corporation located?

Spur Corporation is a growing multi-brand restaurant franchisor, headquartered in Cape Town , and listed in the travel and leisure sector of the JSE Ltd.

Is Spur Corporation a franchise?

Spur Corporation operates predominantly as a multi-brand restaurant franchisor, with each individual outlet owned and operated by independent franchisees. The group improves customer satisfaction and increases sales and profitability through effective support and services.

What is Spur's reputation?

In the years since then, Spur has helped to create countless special memories and earned a reputation for tasty, nutritious, value-for-money meals.

What region is Spur in?

Spur was voted the third in the following category in the KZN region .

What is Spur Steak Ranches?

Spur Steak Ranches has been voted Best Steakhouse, Best Kids Party Venue, Best Neighbourhood Restaurant and Best Restaurant to take Kids in the 'Best of Pretoria - Rekord Choice Awards' .

Is Spur Steak Ranches sustainable?

Spur Steak Ranches is committed to sustainable business practice through our Spur Eco Journey. In collaboration with Spur Corporation we are making a concerted effort to ensure our Environmental Sustainability Policy is a living reality in our restaurants.

When did South Africa start franchising?

Since South Africa opened its first franchise in the 1960’s the rest of Africa has looked on in awe at the rapid development and success of this business format and, since its establishment in 1979, the Franchise Association of South Africa (FASA) has been the inspiration and point of contact for many other African countries wanting to establish franchising in their respective countries.

What is a FASA?

The Franchise Association of South Africa (FASA) is a trade association for franchisors, franchisees and the professional organizations that service the franchise industry. Toggle navigation. Home. About.

What is the purpose of the Sefa?

sefa sefa’s core function is to foster the establishment, development and growth of SMMEs and Co-operatives, and to contribute towards poverty alleviation, job creation and economic growth.

What is the role of FASA?

With franchising universally accepted as one of the most successful business formats, FASA's role is to continually promote the advantages of franchising both to business entrepreneurs, to prospective franchisees and to the public at large.

What is the WFC?

The World Franchise Council (WFC) is a non-political association of more than 40 national franchise associations from around the world. World Franchise Council . Proudly South African was established in 2001, born out of the 1998 Presidential Job Summit which was convened by the late former President Nelson Mandela.

How many Spur Steak Ranches are there in South Africa?

Restaurants are owned by franchisees or directly by the company. As of 31 December 2018, Spur Steak Ranches had 323 stores located in 15 countries. The total restaurants in South Africa is 284 with 39 in other countries. In 2020, the chain was forced to temporarily close all of restaurants amidst the Covid-19 pandemic.

How many Spur restaurants are there?

It currently has 569 outlets worldwide, with restaurants in various parts of Africa, Mauritius, the Middle East and Australasia. In March 2018, Spur Corporation sold Captain Dorego.

What happened to Spur Steak Ranch?

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 the black child reportedly hit the white child. The restaurant banned the white family, but not the black family. White Afrikaners criticized and ultimately boycotted the restaurant, which was staffed by black Africans, 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.

When did the second Spur Ambor open?

The restaurant was opened on the 24 October 1967. The original restaurant moved to a new location at the corner of Dean and Main Road in the 2000s and closed in 2020. A second Spur, the Seven Spur, was opened in Sea Point, Cape Town soon after the 1967 opening. After the success of the second Spur Ambor decided on a franchise model facilitate ...

What is Spur steakhouse?

Although the founding and flagship brand is the Spur steakhouse restaurants, the company owns a number of other, predominantly South African, restaurant brands. Despite its South African origin, Spur restaurants use Native American themes extensively, both in its marketing and decor.

Why did the Afrikaners boycott the restaurant?

White Afrikaners criticized and ultimately boycotted the restaurant, which was staffed by black Africans, for siding with the black family, as well as for not doing more to break up the fight.

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