Spur Steak Ranches
 | |
| Spur Corporation | |
| Company type | Public (JSE: SUR) |
| Industry | restaurant |
| Founded | 24 October 1967 |
| Founder | Allen Ambor |
| Headquarters | Century City, Cape Town, South Africa |
Key people | Mike Bosman (Non-Executive Chairman) Val Nichas (CEO) Cristina Teixeira (CFO) Kevin Robertson (COO) |
| Products | restaurant franchises |
| Revenue |  R3 045.2 million, up 27.4% (2022: R2 391.1 million)(FY 2023)[1] |
| R292.5 million, up 40.0% (2022: R208.9 million) (FY 2023)[2] | |
| R318.4 million, up 51.9% (2022: R209.7 million) (FY 2023)[2] | |
| Subsidiaries |
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| Website | www |
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]
The company was founded by Allen Ambor (who is still the company's executive chairman) in 1967,[4] when he opened the Golden Spur in Newlands, Cape Town.[5]
Brands
[edit]
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.[6]
The Panarotti's pizza and pasta restaurant chain was started in 1990[5] and has 84 outlets.[7]
In 2004 the group bought a 60% shareholding in John Dory’s Fish and Grill,[5] a KwaZulu-Natal-based franchise with 54 outlets.
Controversies
[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]- ^ "Final Results 2023" (PDF). Spur Corporation. 2023. Retrieved 30 June 2023.
- ^ a b "Final Results 2023" (PDF). Spur Corporation. 2023. Retrieved 30 June 2023.
- ^ a b c "Spur struggling as hangover for racist social media storm continues to bite". www.timeslive.co.za. Retrieved 2 March 2019.
- ^ About Spur: History
- ^ a b c New Tourism Ventures: An Entrepreneurial and Managerial Approach. p. 77.
- ^ "From Small Beginnings To Big Brands - A taste for life - Spur - Wattpad". www.wattpad.com. Retrieved 7 December 2020.
- ^ "Top 20 fast food franchises that make the most money in South Africa". businesstech.co.za. Retrieved 2 March 2019.
- ^ Khoza, Leeto M. (March 2017). "[WATCH] Heated confrontation at Spur sparks outrage". ewn.co.za. Retrieved 2 March 2019.
External links
[edit]
- Restaurants established in 1967
- Companies listed on the Johannesburg Stock Exchange
- Food and drink companies based in Cape Town
- Restaurant franchises
- Restaurant chains in South Africa
- Steakhouses
- 1967 establishments in South Africa
- Restaurants in South Africa
- Newlands, Cape Town
- Native American cultural appropriation
- Stereotypes of Native American people