Burger King plans to enter SA via a joint venture with Grand Parade Investments’ Utish Investments.

It is dependent on the approval of the Reserve Bank with certain subsidiaries of Burger King Worldwide, Inc.

The   joint venture will be called Burger King South Africa (BKSA). In terms of the joint venture, “BKSA will hold the master franchise for the Republic of South Africa and have exclusive rights to develop and expand the BURGER KING brand in this country. BKSA plans to open the first BURGER KING restaurant in the first half of 2013”, a Sens statement said.

Grand Parade said the  joint venture is in line with its strategy of entering the quick service restaurant market where it is able to capitalise on its experience in the management of outlet driven businesses such as its limited payout machine business.