CAPE TOWN - Brait, the Parent company of one South Africa’s biggest chain of health clubs Virgin Active reported that for the year-end of December 2017, revenue grew in excess of 13%, to £580 million (R10.5 billion).
In an updated Q1 FY2018 trading update, Virgin highlighted ‘good membership growth in Q1 with closing membership up 1% year on year’.
According to Virgin, 40,000 members were added since January, 40% more than in the same period last year, according to Business Tech.
Growth in South Africa and the UK was particularly strong, it said.
Virgin Active Group represents 233 clubs in eight countries including South Africa.