This report examines all of the above trends in the restaurant, fast food and catering sector. It includes comprehensive information of the state and size of the industry, influencing factors, developments on the continent and internationally, and corporate actions. There are profiles of 52 notable companies in the sector including major players such as Famous Brands, Spur Corporation and Taste Holdings and catering companies such as Compass and Tsebo.
The Restaurant, Fast Food and Catering Industry
South Africa’s restaurant, fast food and catering sector generated revenue of R68.27bn in 2018, representing real revenue growth of 2.8%. While technology continues to disrupt the industry, particularly with the rapid growth in fast food delivery, a consumer revolution is gaining momentum. Menus are increasingly reflecting consumer demand for nutritious ingredients that are procured in a sustainable and ethical manner. Damning allegations made at the Zondo commission into state capture have placed the outsourced catering segment under the spotlight.
With discretionary expenditure in decline, eating out is becoming a luxury that people are increasingly foregoing. This, and challenges such as the power crisis, have affected the industry. But the sector is undergoing significant and constant change brought on by new trends including the renaissance of “slow food”, the increased use of local produce and ethically-sourced indigenous ingredients, growing demand for traditional foods, healthier meal options, food trucks and pop-up restaurants, online meal orders and in-store restaurants.