Burger King's years of losses in SA pile pressure on Grand Parade

JOHANNESBURG — JSE-listed Grand Parade Investments is a food and gaming company that boasts brands such as Burger King, Dunkin Donuts, and SunWest International, but it has gone through a rough time of late. Just last week it reported a net loss of R106m, while its share price has fallen by more than 70% from 2014 levels. Meanwhile, Burger King has reported six years of losses in South Africa. However, there’s now a group of activist shareholders, with a combined stake of just over 12% in the company, who want answers and a new board at Grand Parade Investments. They are so intent on forcing accountability that they've called for a special meeting at the end of October 2018. One of those shareholders is Denker Capital. And in this interview, Ricco Friedrich of Denker Capital explains what's going on. - Gareth van Zyl