SIMBISA Brands says it has started to realise the operational leverage that the restructuring exercise unlocked, after it reported a decrease in overhead costs during the quarter ended March 31, 2024.
The Victoria Falls Stock Exchange-listed group strategically restructured the underperforming markets, Zambia, Ghana, and Mauritius, by transitioning them to franchised operations under highly experienced franchisees.
As part of the re-organisation, the group streamlined the brand portfolio to focus entirely on the best-performing core brands and markets in the region.