QUICK-SERVICE restaurant operator Simbisa Brands is planning to introduce a raft of cost-cutting measures to cushion profit margins from the recently introduced fast foods tax.
The government introduced a one percent tax on select fast-food items beginning this year which rattled operators in a sector already grappling with dropping consumer numbers due to weak spending power.
So delicate is the situation, that sector players have to keep costs under containment without passing on the burden of the new tax to the already hard-pressed consumers.