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Franchise Opportunities@

Posted by: labeen27 on 12/01/2017 04:38 AM

“The past five years of recession have been unprecedented in Fasa’s 34-year history. Whilst we have followed the global franchise trend in having survived far better than independent businesses, we realise that the rules of the game have changed."

With franchising becoming more accountable as it is covered by the Consumer Protection Act, Fasa has embarked on an industry survey that gives an overview of the current state of franchising and will form the basis of more extensive surveys going forward.

According to Kobus Engelbrecht, head of marketing of Sanlam’s Business Market, the group believes the SME sector is critical to South Africa’s economic growth.

“In this context, franchising, with its lower risk profile, its entrepreneurial energy and business format that offers both skills transfer and job creation potential is an important business option for future growth,” he said.

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