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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.com

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, The Hussar Grill, John Dory's 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]

In addition, Spur Corporation acquired a 60% interest in the Doppio Collection, which compromises of restaurant brands such as Doppio Zero, Piza é Vino and Modern Tailors[6].

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

Operations[edit]

The Spur Group has its headquarters in Century City, Cape Town, with regional offices in Johannesburg and Durban as well as an international office in Amsterdam, the Netherlands, supporting the company’s international operations.

Restaurants are owned by franchisees or directly by the company. As of February 2024, Spur Steak Ranches has 304 stores located in South Africa and 30 stores located internationally.[7]

Africa and Mauritius[edit]

Australasia[edit]

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.[8]

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[5] and has 84 outlets.[9]

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,[5] 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.[10] 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. ^ About Spur: History
  5. ^ a b c New Tourism Ventures: An Entrepreneurial and Managerial Approach. p. 77.
  6. ^ "Spur is buying Doppio Zero and Piza e Vino". www.businesstech.co.za. 27 July 2023.
  7. ^ "Spur Corporation: Consistent Restaurant Franchising at Its Best". Startup Talky. 5 April 2023.
  8. ^ "From Small Beginnings To Big Brands - A taste for life - Spur - Wattpad". www.wattpad.com. Retrieved 7 December 2020.
  9. ^ "Top 20 fast food franchises that make the most money in South Africa". businesstech.co.za. Retrieved 2 March 2019.
  10. ^ 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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