Sponsor Sanlam Tracks Planning Provisions & Continuity in the Sector

Sponsor Sanlam Tracks Planning Provisions & Continuity in the Sector

Sanlam, the sponsor of the FASA Franchise Surveys and a strong supporter both of the franchise business system and of the role that the Franchise Association of South Africa plays in nurturing the growth of the sector and instilling high ethical standards, also tracks the continuity and planning provisions that franchisors and franchisees make as part of their business strategy.  “It is encouraging to note,” says Kobus Engelbrecht, Marketing Head: Sanlam Business Market, ”that the majority of franchise owners (95%) claim to have an investment portfolio largely comprising retirement annuities and property but a bit concerning that the number of franchise owners claiming to have some form of continuity planning has declined in the past three years. However, confidence in their business choice and the immediate future is reflected in the fact that selling their franchise within the next 12 months is not on the cards for 97% of franchise owners.”

“Despite a floundering economy, the franchising industry continues to make a healthy contribution to the South African GDP, a fact that is often overlooked by both the public and private sector,” concludes Vera Valasis, FASA’s Executive Director. “Benchmarking where we stand on the world franchise stage puts South Africa 36th in a list of 181 countries – between Singapore, Malaysia, Ireland and Pakistan in 34th, 35th, 37th and 38th place respectively – a position we can be greatly proud of.”

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