Taste still sees an opportunity for growth in these two brands, despite reporting an overall loss of R317.63 million for the year to the end of February.
Chief executive Dylan Pienaar in an interview on Friday said the group had completed its restructuring and a complete turnaround in the business was under way.
“Part of the plan involves opening six Starbucks and 10 Domino’s Pizza stores until 2020.
“Thereafter, we are planning to grow beyond the six and 10 stores a year. We believe there is a huge amount of room for these brands in South Africa to prosper,” Pienaar said. During the past financial year, Taste concluded a R132m rights offer to fund expansion for both Starbucks and Domino’s. The group plans to open two of the six Starbucks stores in KwaZulu-Natal, encouraged by the positive performance by one of its stores in Durban.