New McDonald's owner takes over

2011-07-01 15:24

Johannesburg - It's official - businessman Cyril Ramaphosa now runs McDonald's SA.

"On the 30th of June 2011, Cyril Ramaphosa and McDonald's SA concluded all conditions precedent relating to the developmental licensee (DL) transaction," said a joint statement issued by the Shanduka Group and McDonald's SA on Friday.

According to the DL agreement announced in March, Ramaphosa would own all the assets, including owning or leasing the real estate. He described it as "an honour" to have been awarded the licence.

"We will focus on satisfying our customers, developing our people and maximising business opportunities. This relationship will have a positive impact on jobs, shareholders and ultimately McDonald's customers," Ramaphosa said.

McDonald's SA managing director Greg Solomon described it as an "important milestone" that would "turbo charge" the fast food business.

Neither Shanduka Group, a black-owned investment company, nor McDonald's SA had responded by Friday afternoon to Sapa's enquiries about how much the deal was worth.


  • WiseOwl2 - 2011-07-01 15:45

    Hopefully they will now make real burgers !!!!!

      brinjal - 2011-07-01 21:21

      A Big Mac is better than any Wimpy burger imo.

  • neo_acheron - 2011-07-01 15:45

    GOODBYE McDonalds! It's been nice eating there!

      drystone - 2011-07-02 10:48

      now they can spit on them again

  • Taurusaurus - 2011-07-01 15:58

    Because a (former?) ANC government member buys a Westerner's Fast Food franchise, its no longer fair to call it McDonald's, as that is a misrepresentation of it's current ownership. It should be re-branded to Ramaphosa's! And I'm not supporting it. I don't like it. Nuff said. :)

  • Neyven - 2011-07-01 16:08

    How much of the profits will be going into the ANC's (already overstuffed) coffers.

  • General.AlanMuller - 2011-07-01 16:15

    I want to Know are know getting a more African Burger ... KFC they nowselling Pap with chicken... MR Cyril Rama Mc Donald AKA Ron please man upsize the food an lets see some africanism in the menu viva Big Cyril Viva

      brinjal - 2011-07-01 21:19

      Best thing KFC did was include pap on their menu.

  • YES - 2011-07-01 16:18

    As a former trade unionist himself, Ramaphosa should know that maximisation of profit will result in job losses. It appears workers are in for it. As soon as new owners ring changes in the enterprise, do know retrenchments follow. The talk doesn't instill any confidence insofar as job security is concerned. The new sheriff in town is not a unionist we toyi-toyed with all these years. He is a completely changed oke, altogether.

  • Mark - 2011-07-01 16:25

    Shame on you Cyril !!!

  • shatzi - 2011-07-01 16:25

    Be carefull,just now Malema and co will want to nationalise Mc Donalds

  • Ross - 2011-07-01 16:46

    Will still taste like crap though!

  • Met - 2011-07-01 17:12

    Will the Big Mac now become a Black Mac?

      Collitjies - 2011-07-02 11:12

      No it will become a "Super Diski"

  • Newsferret - 2011-07-01 18:23

    What a pity it was not a South African group taking over like for example Botha, Brown and Buthelezi cc. Any way such is life Black owned is OK White owned is racism.

  • eloffjnr - 2011-07-02 07:55

    That is like saying a Ferrari is more expensive than a Tata. DUH!

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