Sanlam confirms its sponsorship of FASA’s Franchise Surveys

Sanlam has, for the fifth year, confirmed its sponsorship of the Franchise Association of South Africa (FASA)’s Franchise Surveys. The surveys are an important barometer that track the success of this unique business system which in the latest survey shows an estimated turnover of R721 billion equivalent to 15,7% of the total country’s GDP. Its … Read more

Are you getting ready for Black Friday 23 November?

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South Africa’s foray into the Black Friday frenzy, which is one of the most important pre-Christmas shopping days in the USA marking the beginning of the holiday shopping season – saw both retailers and consumers take to this new marketing trend – and this year should prove to be bigger and better. South Africa’s foray … Read more

McDonald’s to invest R3Bn in SA over the next 5 years

mcdonalds

McDonald’s South Africa has committed to invest R3 billion into the country over the next five years, the company announced at the South African Investment Conference held in Johannesburg recently. With the planned openings of over 120 restaurants in the next 5 years, McDonald’s SA says this capital expenditure will positively impact the construction and … Read more

Do you want to be part of the only financial services franchise of its kind in South Africa?

FASA represents around 17 business sectors in South Africa – a figure that pales compared to other countries that boast anything from 50 to 70% of their business sectors going through the franchise system. FASA is proud to welcome BeztForex as a member that is spearheading a completely new category in the Financial Services franchise … Read more

Successful business ownership critical to SA’s economy

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FASA’s annual Franchise Survey, sponsored by Sanlam Business, surveyed franchisors’ financial planning habits to establish how they ensure sustainable businesses and how business owners can prepare themselves for the future. Jannie Rossouw, Head of Sanlam Business Market, says “successful business ownership is critical to the South African economy and franchising is a massive contributor. As … Read more

Survey shows SA has the sixth most shopping centre space in the world

A study by MSCI on behalf of the South African Council of Shopping Centres (SACSC) shows that the current size of the South African retail market is estimated at around 23.4 million square metres of gross lettable area (GLA) across 1 959 individual shopping centres – ranking it in 8th position among the 43 countries … Read more

2018 Sanlam Survey Result highlights for Franchisors

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According to FASA Chairman and MD of the OBC Group, Tony Da Fonseca, “it’s been a tough trading season for most if not all industries so it is reassuring to see that our sector is weathering this tough economy better than most. The increase in GDP contribution is encouraging but has to be viewed against … Read more

VAT Increase a Headache for Unprepared Retailers

The looming VAT increase, due to be implemented on the 1st April will impact retailers, especially those that use paper price tags.  This according to a spokesperson from NEC XON Retail, which supplies Electronic Shelf Labels to large retailers like Pick n Pay, SPAR, BP Express and other retailers. Larger retailers who have to update … Read more

Economic turnaround holds opportunities for SMEs

The SONA speech by President Cyril Ramaphosa and his commitment to supporting small business and entrepreneurship has been welcomed by Tony Da Fonseca, FASA’s Chairman who in 2017 met with the chairperson of the Parliamentary Portfolio Committee for Trade & Industry.  “We are encouraged by the President’s promise to increase co-operation with business and look … Read more

FASA Planning to Grow Franchising in 2018

The management team at FASA are working on various exciting initiatives for 2018 designed to promote franchising as one of the safest ways to get into business. The role of FASA is to assist newcomers to the sector as well as existing members. At the same time, it aims to grow membership numbers but will … Read more