Development Funding puts Pietermaritzburg Cash Converters Franchise into Business

Kim Broom and Africa Msimango took over the Cash Converters branch in Victoria Centre, Pietermaritzburg, on 1 November as part of the Kutana Group’s corporate social development programme. “Kutana’s leadership is committed to BEE and sustainable growth through responsible investments,” says CEO Thoko Mokgosi-Mwantembe. “As a Pan-African investment company focused on delivering significant shareholder value … Read more

Retail Apocalypse Hitting USA Stores

In a report by Bloomberg news (www.bloomberg.com), America, although showing optimistic growth with its stock exchanges hitting new highs and the job market buoyant, is suffering from what is being referred to at the ‘retail apocalypse’. This is borne out by statistics that show that, although retailers announced more than 3 000 store openings in the … Read more

Join FASA and be Part of the International Franchise Community

Franchising is recognized globally as one of the most aggressive forms of business expansion. It enjoys a high profile with some of the world’s most renowned brands as franchise leaders. In most countries franchising has fallen under the umbrella of local franchise associations, which in turn, belong to the World Franchise Council. This allows the … Read more

Need Help to Secure Developmental Funding

With mounting pressure on business in general to diversify supply chains (aligned to the B-BBEE codes) and localise procurement through industrialisation by taking a strategic and structured view of supplier development (a focus of the National Development Plan), to transformation of the franchise sector in a more sustainable manner. Uzenzele, a Level 1 BEE compliant … Read more

From Loving the Food to Owning Three Simply Asia Franchises

Jesse Lemmer’s journey with Simply Asia began years before he opened his first Simply Asia outlet in Benmore Gardens. “It goes back to a holiday memory in Cape Town. I remember sitting at the President Hotel in Sea Point waiting for my father to come back with what he described as “the best meal money … Read more

Benefits of Belonging to the Franchise Association

FASA has been the guiding force of franchising in South Africa for over thirty years and the growth and stability of the sector is largely thanks to the work that FASA has done over the years to promote ethical franchising. The brands accredited by the Franchise Association of South Africa benefit from the many events … Read more

Why it’s Important to get FASA Accreditation

It is estimated that there are over 750 business systems in South Africa claiming to be franchises. A large number are not accredited members of FASA.  The requirements of becoming an accredited member of FASA are stringent – this no doubt scares off the less scrupulous operators and those who do not have correct structures … Read more

Sherina Sebnath, Sorbet Man Franchisee Caters to Metro Males

Sherina Sebnath has swapped working in a male dominated environment as a chemical engineer to owning the Sorbet Man franchise in Sandton City which caters to the needs of the modern metro male and finds common ground in both. “In both my career as a chemical engineer at Sasol and in my business, the same … Read more

How to Navigate the New Retail Environment

Retail at the best of times is a stressful environment, always having to be one step ahead of the competition.  But to survive under the added pressures of a low growth economy, negative consumer credit growth, on-line sales and consumers with less money in their pockets is a challenge and needs out-of-the-box thinking. With on-line … Read more

Franchise Grows in a Tight Economy

  When the Franchise Association of South Africa (FASA), together with sponsor Sanlam commissioned Research IQ in 2014 to conduct a survey of the industry and track its growth, South Africa and the world had already been in a recession for five years. Despite trying socio-economic conditions, political uncertainty and tough trading conditions, the franchise … Read more