South Africa’s biggest restaurant chains have concerns over future trading

Steers and Wimpy brand owner, Famous Brands, says that casual dining in South Africa will not return to normal until the global coronavirus pandemic has subsided – a process which it says will be “protracted and unforgiving”.

In reporting its annual financial results for the year ended 29 February 2020, the group’s performance over the period does not reflect the impact of the nationwide lockdown which came into effect in late March.

Famous Brands showed a return to profit, having suffered impairments from its Gourmet Burger Kitchen (GBK UK) business in the comparative reporting…

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A free-thinking individual who strives to maintain psychological balance between the two polar aspects of Human Nature; Desire and Conscience. However, These conditions can never be balanced because inertia will carry us to extremes. Balance is a constant struggle therefore I live by the principles of the HERU Interface