WOMEN CAN BOOST SOUTH AFRICA’S ECONOMY BY R175BN

As we conclude Womens Month we acknowledge the role that women play in all areas of life and especially their contribution to the economy. According to new research released by Facebook, women entrepreneurs have the potential to boost the South African economy by R175bn by 2022. The study, conducted by Development Economics on behalf of … Read more

THREE SECRET INGREDIENTS TO NAILING IT IN THE BEAUTY INDUSTRY

Monica Haralambous, the owner of Sorbet Lonehill, believes that ‘When one door closes, another opens’.  Retrenched from her job in the financial services industry, Monica saw retrenchment not as the end of her career, but rather the beginning of a new one. It’s this philosophy that helped her achieve her dream of opening her own … Read more

TWO IMPORTANT FASA EVENTS NOT TO BE MISSED

If you are a franchisor, franchisee, service provider or in any way interested in franchising then you cannot miss two important events hosted by FASA in Cape Town and Johannesburg – the latest FASA Survey results launch and Proudly SA’s Supply Chain Workshop.   LAUNCH OF THE FASA SURVEY RESULTS sponsored by SANLAM In our … Read more

SURVEY REPORTS SOUTH AFRICANS ARE BUYING LESS

According to a recent Nielsen Shoppergraphics Report, based on the purchasing behaviour within 4,000 representative households across the country, South African households have been hard-hit by recent price increases – to the point where consumers remove up to three grocery categories from their repertoire and reduce shopping frequency. Spiralling petrol and electricity costs, the implementation … Read more

SHOPRITE OFFERS 1 000 PRODUCTS FOR LESS THAN R5

To counteract rising prices, the Shoprite Group has announced that it is actively taking steps to make sure that financially-pressed customers can afford to eat – even if they have just R5 in their pockets. The retailer said that there are currently more than 1,000 products available in its stores for R5 or less, adding … Read more

HELP BUILD A MORE INCLUSIVE SUPPLIER BASE – ATTEND FASA AND PROUDLY SA’S SUPPLY CHAIN WORKSHOP ON 6 SEPTEMBER

Proudly SA, as the country’s buy local advocacy group and FASA have joined forces  to spearhead a Supply Chain Workshop allowing industry stakeholders to learn more about the benefits of local procurement. The Workshop, which will be held at Hogan Lovell’s at 140 West Street, Sandton on the 6th September between 12h30 and 14h00. Proudly … Read more

Attention all FASA Members! How can Franchisors earn B-BBEE points ownership using the franchise business model

The BEE (B-BBEE revised Code) scorecard divides business into three categories based on annual turnover i.e. Exempted Micro Enterprises (EME’s) – annual turnover of less than R10m (However these businesses will automatically receive a level associated with its percentage of black ownership) Qualifying Small Enterprise (QSE’s) – annual turnover of between R10m and R50m – … Read more

US MASTER LICENSE FRANCHISE OPPORTUNITY

FASA works closely with the commercial division of the US Consolate to encourage the sharing of new franchise ideas and to facilitate franchise opportunities between our two countries.  United Franchise Group (UFG) Vice President, Tony Foley, will be in South Africa on August 20 – 21 to meet with interested candidates to introduce and discuss … Read more

XBRL FORMAT MANDATORY WHEN SUBMITTING ANNUAL RETURNS

As of 1 July 2018, the CIPC has mandated the annual submission of financial statements that must accompany the annual returns in an XBRL format (Extensible Business Reporting Language), which is a standardized computer language used in business to send information back and forth. Prior to this date, it was simply providing turnover figures and … Read more

ROUNDA BRAND UNVEILED ON MADIBA’S BIRTHDAY

On 18 July 2018, Madiba’s 100th birthday, at The Nelson Mandela Foundation, in the company of Archbishop Desmond Tutu, HRH Princess Charlene of Monaco, Sir Richard Branson and other business leaders, the founders of the Nikela Charity Funding & Development Trust  bore witness to a crowning moment of a 14 year journey – the unveiling … Read more