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Starbucks plans 150 stores in South Africa: CEO

Reuters
Customers queue for coffee outside South Africa's first Starbucks outlet in Johannesburg, South Africa April 21, 2016. REUTERS/TJ Strydom (Reuters)

JOHANNESBURG (Reuters) - U.S. coffee chain Starbucks <SBUX.O> plans to open up to 150 stores in South Africa, founder and chief executive Howard Schultz said on Friday.

Starbucks, brought in under license by South Africa's Taste Holdings <TASJ.J>, opened its first store last week in a mall in an affluent suburb of Johannesburg.

"I've never seen a line like this after a week of our opening," Schultz told journalists at the store.

(Reporting by TJ Strydom; Writing by Mfuneko Toyana; Editing by Ed Stoddard)