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

FASA WELCOMES SINKMASTER AS A NEW MEMBER

As the Franchise Association of South Africa represents over 17 business sectors, it is proud to welcome Sinkmaster as a new member with their concept of food waste disposers that offers a cleaner, greener and simpler solution to waste management. With over 30 years’ experience and a simple tried and tested international system, Sinkmaster SA … Read more

CONSUMERS ARE SHOPPING LESS AND SPENDING LESS

According to the latest Nielsen Shoppergraphics Report, which looked at shifts in consumer purchasing behaviour in 4 000 households across the country, South African consumers have been stretched to the limit because of rising costs which have included a rise in VAT to 15%, the implementation of the sugar tax and the spiralling petrol and electricity … Read more

FASA Establishes industry specific food franchise forum

The Franchise Association of South Africa (FASA) is delighted to announce the establishment of a Food Franchise Forum representing the majority of the household names in the casual dining and quick service restaurants (CDQSR) sector. Whilst the Franchise Association of South Africa (FASA) operates under a government gazetted Code of Ethics for its 17 different … Read more

Unintended consequences of signing surety

It is an everyday occurrence for a business owner to sign surety for a business loan. The lending institution requires this form of security to cover its perceived risk in lending to the business. However, what most of these business owners do not realise is that they are not only signing surety but they there … Read more

Franchise brands supported Mandela day

As South Africa and the world stopped to remember Nelson Mandela on what would have been his 100th birthday on the 18th July, several franchise companies did their bit for charity to honour Mandela Day. The Franchise Association of South Africa (FASA) Played a leading role in the roll-out of the Rounda ‘Add a Rand’ … Read more