Prospects

Economic uncertainty and sustained pressure on disposable income in the groupís target markets are likely to remain for the foreseeable future. Spur, Panarottis, John Doryís and Captain DoRegos will continue to deliver excellent quality meals at a reasonable price, great service and an enjoyable family environment.

The successful weekday promotions strategy and ability to capitalise on the momentum created in the breakfast market will be key in attracting and retaining customers and driving sales growth.

At least 26 new restaurant openings are planned across the four brands in South Africa in the 2014 financial year. This includes six Spur, five Panarottis, four John Doryís and seven Captain DoRegos outlets to be opened in the first half of the year. International expansion will again focus on building our presence in Africa, with new restaurants planned for Swaziland, Nigeria, Tanzania, Namibia and the Seychelles. Two new Spur franchised restaurants will be opened in Australia in the year ahead.