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"contents": "<span style=\"font-weight: 400;\">KFC made the terse announcement on its official Twitter account this week. </span>\r\n\r\n<span style=\"font-weight: 400;\">“We are sorry, but due to the ongoing load shedding, some of our restaurants will be temporarily closed, while others may have limited availability on some of your favourite menu items.</span>\r\n\r\n<span style=\"font-weight: 400;\">“We apologise for the inconvenience and will be back soon,” it said.</span>\r\n\r\n<span style=\"font-weight: 400;\">No further details were provided, including which or how many restaurants are affected. Presumably it is franchises that cannot afford back-up power systems or those located in strip malls that are also at the mercy of Eskom’s inability to keep the lights on all the time. </span>\r\n\r\n<a href=\"https://www.news24.com/fin24/companies/70-kfc-outlets-in-pretoria-kzn-closed-for-now-as-load-shedding-disrupts-supplies-20221228\"><span style=\"font-weight: 400;\">News24 reported</span></a><span style=\"font-weight: 400;\"> that about 70 stores have been closed, citing a spokesperson. </span>\r\n\r\n<span style=\"font-weight: 400;\">The closures, of course, mean that many employees will be temporarily out of work in an economy with an unemployment rate of well over 40%, if discouraged jobseekers are included. </span>\r\n\r\n<hr />\r\n\r\n<strong>Visit <a href=\"https://www.dailymaverick.co.za?utm_source=direct&utm_medium=in_article_link&utm_campaign=homepage\"><em>Daily Maverick's</em> home page</a> for more news, analysis and investigations</strong>\r\n\r\n<hr />\r\n\r\n<span style=\"font-weight: 400;\">KFC has 925 stores in South Africa, according to the </span><a href=\"https://locations.kfc.co.za/\"><span style=\"font-weight: 400;\">KFC store location website</span></a><span style=\"font-weight: 400;\"> and most of these are franchises, so local businesspeople are losing revenue. Cholesterol levels may get lowered, but so ultimately will gross domestic product, the economy’s beating heart. </span>\r\n\r\n<span style=\"font-weight: 400;\">KFC is a unit of Yum!, a US-listed fast food giant with a market capitalisation of $36.6-billion and a share price that is near record highs. When such companies do business in overseas markets, the boardroom pays attention. And so KFC’s current woes in South Africa send a bad signal to foreign investors. </span>\r\n\r\n<span style=\"font-weight: 400;\">It will be of more than passing interest to see if other fast food outlets in South Africa will be forced to adopt similar measures in the face of mounting power outages. Does the fate of the Double Crunch in some locations also await Big Macs and King Steer burgers in others? </span>\r\n\r\n<span style=\"font-weight: 400;\">This has been a record year for load shedding and rolling power blackouts, and KFC may just be the canary in a fast food coal mine. </span>\r\n\r\n<span style=\"font-weight: 400;\">KFC has its secret “eleven herbs and spices”, but there seems to be no recipe at the moment to fix Eskom and the damage it is inflicting on South Africa’s economy. </span><b>DM/BM</b>",
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