Brace Yourselves for New Taxes

As we recover from the Easter holiday week-end, consumers and businesses will be faced with the cold reality of recently introduced taxes that will make a dent in all our pockets from the 1st April. These include:   VAT INCREASE For the first time in over 25 years VAT has increased from 14% to 15% … Read more

Why Not Bask in the Glory of Winning a FASA Award? ENTER NOW!

If you are an accredited member of the Franchise Association of South Africa and are proud of your brand, then you must enter FASA’s 2018 Awards for Excellence in Franchising sponsored by Sanlam.   You could be holding up one of the seven trophies at a prestigious business breakfast event at The Venue at Melrose … Read more

Mastercard Tracks Women Entrepreneurs

Mastercard’s Index of Women Entrepreneurs (MIWE) which tracks female entrepreneurs’ ability to capitalize on opportunities granted through various supporting conditions within their local environments, ranks South Africa 22nd  out of 57 economies around the world with a score of 64,2 on the Index, one place up from the previous year. The index uses three components … Read more

Consumers no Longer Need to Provide Income Documents when Applying for Credit

A recent court ruling says consumers no longer have to provide payslips or bank statements when applying for credit. This ground-breaking ruling was the result of clothing giants Truworths, Foschini and Mr Price challenging the ‘proof of income’ being a pre-requisite for credit applications.   Whilst retailers will still have to conduct affordability assessments in … 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

FASA Launches It’s 2018 Events in Light of Renewed Optimism

With the economy showing a positive growth for the coming year and public and business sentiment on a positive note, the Franchise Association of South Africa (FASA) is poised to spearhead initiatives and events that will nurture entrepreneurship, encourage small business development, add to skills growth and ultimately add much needed jobs to the economy. … Read more

“You can be Assured of our Quality” – Sausage Saloon

The franchise business system of duplication necessitates strict standards, norms and principles – both in service and product – and can be seen in the self-monitoring and standard setting of many of the food franchises. Sausage Saloon Franchising which has been around for over twenty years, places great store in the quality of their products … Read more

FASA’s 2018 International Franchise & Entrepreneur Expo Takes the Lead in Economic Growth

On the back of the positivity of the appointment of Cyril Ramaphosa as our new President and his past involvement in franchising, and with the economy growing by 1,3% in 2017, exceeding National Treasury’s expectation of 1,0%, entrepreneurship and small business is once again taking centre stage. FASA’s International Franchise & Entrepreneur Expo taking place … Read more

Business Going Strong in South Africa

Fintech start-up Lulalend released some interesting statistics at the end of last year on what happens in an average business day across South Africa.  Read about this and more in the Feb/March issue of Your Business Magazine which focuses on being more innovative and surviving and thriving in 2018. 7.8 million people get ready for … Read more

Hot Dog Cafe Weighs in on Listeriosis Outbreak

Following the Listeriosis Outbreak Press Conference held by the Department of Health on the 4th March 2018, Hot Dog Cafe (Pty) Ltd confirms that no processed meat products within the Hot Dog cafe brand is supplied by Enterprise or Rainbow. Neither Hot Dog Cafe nor its suppliers are one of the affected meat processing plants … Read more