• Restoring sanity to SA

    We should be driven by the thought that SA belongs to all who live in it, says Solly Moeng.

  • Clamouring for action

    2017 will see battles between politicians as well as those tired of politicking, says Daniel Silke.

  • Realistic dreaming

    Preparation and sound advice will turn entrepreneurial dreams into reality, says Ian Mann.

All data is delayed
Loading...
See More

KFC firm to expand African footprint

Feb 03 2012 08:49
Reuters

Johannesburg - US fast-food giant Yum Brands plans to open 130 new KFC stores in Africa this year, bringing its presence on the continent to 1 000 restaurants, Business Day newspaper said on Friday, citing a senior executive.

Yum, the parent of KFC, Taco Bell and Pizza Hut chains, also plans to bring KFC into seven new African countries this year, general manager for Africa Keith Warren told the paper.

New markets include Angola, Malawi, Tanzania, Uganda, Zimbabwe, the Democratic Republic of Congo and Madagascar, the newspaper said.

Yum also plans to bring Pizza Hut restaurants to South Africa this year, Business Day said.

Based in Louisville, Kentucky, Yum is no stranger to emerging markets. The company has more than 3 700 restaurants, mostly KFC outlets, in China, where it is the No.1 Western restaurant brand.

The company has said it expects at least 10% profit growth in 2012, led by its China business.

Western retailers are increasingly targeting Africa, which is home to rising consumer spending and some of the world’s fastest growing economies, albeit off a low base.

 
yum brands  |  kfc

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
2 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about: SMALL BUSINESS

From fossils to finance – that’s been the career trajectory of Dr Merrill van der Walt, a palaeontologist until recently. She is now a statistician with a difference.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

SA's avoidance of junk status by rating agencies: Moody's and Fitch

Previous results · Suggest a vote

Loading...