Gold Brands Investments, owners of South Africa’s fastest growing fast food franchise, Chesa Nyama, with 300 stores currently, has confirmed that the fast food franchise company with stores in South Africa, and across southern Africa including in Zimbabwe, Swaziland, Botswana, Zambia, Namibia and Lesotho, is on track to list on the AltX of the JSE soon.
Having experienced rapid growth in three years, Gold Brands Investments intends to raise R15 million through private placement of 15-million shares at R1 before listing on the AltX of the JSE.
The company, founded as Franchising to Africa (Pty) Ltd in 2012, established its flagship brand, Chesa Nyama, with its first store at Wits University in 2012.
The traditional flame-grilled meat franchise has grown to a current total of 300 stores in just three years and has created over 3000 jobs.
It was recently also awarded the RASA Rosetta Award for Best Take-Away Franchise in November 2015.