Load shedding may be boosting Famous Brands, but it expects tough times ahead
Following Covid, load shedding is creating another new round of economic stress for SA businesses – many of which haven’t fully recovered from the first financial onslaught yet. Early survivors of the current power outages might still see things change as new factors come into play. Wimpy and Steers owner Famous Brands reported full-year solid results, as people reach for takeaways when they can’t cook. But a weakening economy will create more pressure on consumers.