'Getting people out of their homes and into a restaurant is challenging'

Spur Corporation says the escalation of costs in South African households has limited the amount of money customers spend at its franchisees.

According to Fin24 the company's franchised restaurant sales in South Africa grew only 6.2%.

The company that owns Spur, RocoMamas, Panarottis Pizza and a number of other restaurants says it has counter acted the increasing pressure in the slowing economy by driving big value - food in terms freshness, presentation, look and feel etc.

Spur Corporation CEO Pierre Van Tonder admits that getting people out of their homes and into restaurants is challenging.

Escalation of costs in households and so forth has limited what I would call discretionary spend or a privileged spend in restaurants.

Pierre Van Tonder, CEO - Spur Corporation

To get people out of their homes and into the restaurants today, especially in the economic times of today, is difficult.

Pierre Van Tonder, CEO - Spur Corporation

Van Tonder says delivery services like Mr Delivery and Uber Eats are a real strategic threat going forward, so one may need counter intuitive strategies to 'balance the books'.

They play a role. We would be naive to say that we don't view that as a real strategic threat going forward because of the convenience.

Pierre Van Tonder, CEO - Spur Corporation

They are there for convenience, people will use them for convenience and if you don't play in that game or in that field, you will be caught left wanting.

Pierre Van Tonder, CEO - Spur Corporation

There are certain products that don't travel well and you will find as you go froward, the range of product will be limited to those that can travel and can get to your home in a reasonable state.

Pierre Van Tonder, CEO - Spur Corporation

Click on the link below to hear the full interview...

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
Why Africa is uniquely poised for an electronic payment revolution

Why Africa is uniquely poised for an electronic payment revolution

Companies that can design simple user interfaces – and create large networks – will dominate this emergent industry.

Why are you still paying an advisor when your investments are not growing?

Why are you still paying an advisor when your investments are not growing?

Should you DIY? Personal finance expert Warren Ingram answers definitively, shares tips on telling if an advisor is good or not.

Fraudsters are getting professional, scamming consumers with ingenious methods

Fraudsters are getting professional, scamming consumers with ingenious methods

“It makes all of us a target to fraudsters,” warns Manie van Schalkwyk of the South African Fraud Prevention Service.

4 things you should never say if you want to get rich

4 things you should never say if you want to get rich

Don’t ever say or, worse, believe any of these wealth-destroying platitudes, implores personal finance expert Warren Ingram.

Need a loan to grow your small business? There’s a pot of money waiting

Need a loan to grow your small business? There’s a pot of money waiting

Spartan SME Finance provides finance for small businesses. Bruce Whitfield interviews its CEO, Kumaran Padayachee.

How to best save and invest for your children

How to best save and invest for your children

Personal finance advisor Warren Ingram has advice for parents wanting to ensure an excellent education for their kids.

Popular articles
'Duke and Duchess of Sussex visit highlights goodness of South Africa'

'Duke and Duchess of Sussex visit highlights goodness of South Africa'

Professor Pitika Ntuli weighs in on Prince Harry and Meghan Markle's tour of the country.

Audi Q8 'marries elegance and practicality', but it comes at a price

Audi Q8 'marries elegance and practicality', but it comes at a price

'Large and in-charge' - Motoring journalist Naresh Maharaj rates Audi's new luxury SUV offering.

4 things you should never say if you want to get rich

4 things you should never say if you want to get rich

Don’t ever say or, worse, believe any of these wealth-destroying platitudes, implores personal finance expert Warren Ingram.

Fraudsters are getting professional, scamming consumers with ingenious methods

Fraudsters are getting professional, scamming consumers with ingenious methods

“It makes all of us a target to fraudsters,” warns Manie van Schalkwyk of the South African Fraud Prevention Service.

'We have evidence that the EFF and Julius Malema took bribes for tenders'

'We have evidence that the EFF and Julius Malema took bribes for tenders'

Arabile Gumede interviews Stefaans Brummer, a journalist at the amaBhungane Centre for Investigative Journalism.

46 women rescued in Joburg sex trafficking raid

46 women rescued in Joburg sex trafficking raid

An expert on human trafficking explains how the syndicate operates and how women are lured into dens.