Fast food operator to list on Zim bourse | Fin24
 
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Fast food operator to list on Zim bourse

Oct 13 2015 16:30
Malcom Sharara
Harare - The Zimbabwe Stock Exchange will get another listing this year following the announcement that Simbisa Brands Limited intends to list on November 6 2015.
 
In an abridged pre-listing statement, the directors of the company said it will list on the ZSE by way of introduction.
 
Simbisa is a Pan-African fast food restaurant operator, with 388 restaurants in 11 countries across Africa.
 
Simbisa owns, operates and franchises the intellectual property rights of a basket of brands including Steers, Nandos, Galitos, Pizza Inn and Chicken Inn.
 
In total the group owns six brands and has licence to operate four other brands, including Steers and Nandos.
 
Simbisa’s footprint has “expanded regionally into Kenya, Zambia and Ghana. To accelerate further growth into the region, the QSR (quick services restaurant) business has grown to own and franchise its successful QSR brands in DRC, Mauritious, Malawi, Namibia, Botswana, Swaziland and Lesotho.”
 
Simbisa has an asset base worth US$62.7m and makes $153.1m in revenue as at June 30 2015.

steers  |  zimbabwe  |  fast food
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