ABSA TAKES THE LEAD IN FRANCHISING

ABSA TAKES THE LEAD IN FRANCHISING

absa-contact-usAbsa, for the second year running, is sponsoring the monthly FASA Networking Breakfasts, the FASA Convention and the FASA Awards taking place on the 15th April 2015 at Summer Place. They are also sponsoring the Biznet Speakers Corner at the International Franchise Expo (IFE) from the 16 – 18th April 2015.

Following the past seven years of recession when almost all the financial institutions tightened their lending policies and cut back on their sponsorships, ABSA Franchising has been a strong supporter of the Franchise Association of South Africa (FASA), taking a pro-active approach to staying at the forefront of franchising through the sponsorship of FASA events.

According to Vera Valasis, Executive Director of FASA, the financial institutions play a crucial role in the franchising space, whether accrediting bona-fide franchise operators, offering a wide range of support services to financing franchisees wanting to enter the franchise market. “With franchising contributing almost 10% to the country’s GDP, with 627 franchisors and 31 050 franchisees representing their brands, financial institutions should play an important role in servicing this growing sector. We commend Absa on staying the course and for their support of FASA in playing their part in the growth and development in the South Africa franchise industry. Their sponsorship, in these trying times, is highly valued and shows their commitment to an industry that continues to nurture entrepreneurship, promotes skills transfer and job creation.”

With more than 15 years experience in the franchise industry, the team at Absa has established a credible track record amongst South Africa’s top franchise companies and through an extensive network of Relationship Executives backed by Franchise Industry Specialists, ABSA provides their clients with the best the bank has to offer.

Says Henk Botha, Franchise Development Manager, Restaurants & Quick Service Restaurants, “Despite the changes in the lending environment, the franchise division of Absa continues to build on the success of the past 15 years, equipping our franchise specialists with excellent industry knowledge and insights, making ABSA franchising more than just a bank offering, but a partner in every sense of the word.”

According to Banie Claasen, Head, Retail Sector & Acquisition Africa – Retail & Business Banking, “we believe in partnering with our franchise clients and to this end we have established a dynamic team focused on the franchise industry with the aim of intimately understanding the industry and using this knowledge to deliver the most competitive products and innovative solutions – be it every day cash management, specialised term loan requirements or Commercial Asset Finance. Our specialist products and a network of strategic partnerships ensure the business you are running today, will be successful tomorrow.”

Visit the Absa stand at IFE 2015 from the 16 – 18th April at the Sandton Convention Centre or email franchise@absa.co.za.

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