19
May
Chamwe Kaira Famous Brands has reported weaker profits from its Southern African Development Community (SADC) operations as declining consumer spending in key regional markets such as Botswana and Zambia weighed on performance. Famous Brands operates more than 3 000 restaurants across 30 countries. In Namibia, its franchises include Debonairs Pizza, Steers, Wimpy, Mugg & Bean, Fishaways and Milky Lane. The group said its SADC operations, which cover 11 countries, came under pressure during the reporting period as economic conditions weakened across the region. Revenue from the SADC region declined 6% to R423 million from R451 million previously, while operating profit…
