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Burger King faces stiff competition

Nov 08 2012 14:40 AFP
Burger King, the second-largest US hamburger chain

Burger King, the second-largest US hamburger chain, will soon adorn the SA fast food landscape. (AFP)

Company Data

GRAND PARADE INVESTMENTS LIMITED [JSE:GPL]

Last traded 6.17
Change 0.02
% Change 0.00
Cumulative volume 61250
Market cap 2.99bn

Last Updated: 24/07/2014 at 11:35. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - US-based fast food chain Burger King will open its first branch in South Africa early next year, local partners announced on Thursday, setting up a new battleground in the war with rival McDonald's.

"Now is the time to develop the brand in South Africa," said Grand Parade Investments [JSE:GPL] executive Jose Cil, as he announced the decision to establish a branch in Cape Town.

The South African firm - which has made much of its cash from casinos and slot machines - has secured the Burger King franchise in this meat-crazy nation.

But Burger King will face stiff, and well connected, competition.

McDonald's has been in the country since 1995 and is controlled by ANC bigwig Cyril Ramaphosa.
burger king  |  cyril ramaphosa  |  fast foods
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