AUGUST 2017 NEWSLETTER

FASA.CO.ZA
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THE FASA CONVENTION COVERED ALL THE BASES


 

The over 150 delegates who attended FASA’s annual convention sponsored by Absa were treated to concurrent sessions where 42 industry representatives and top speakers covered six broad areas of business – Franchise Operations, Franchise Relationships, Finance & Funding, Growth & International Expansion, Marketing & Technology & Legal. We picked up some key insights and words of wisdom from some of the speakers.

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WHO’S THE HAPPIEST OF THEM ALL?


 

One would think that, with food inflation set to average 6.9% this year, down from 10.8% from last year (according to Standard Bank economists’ Consumer Trends: SA Consumer Chart Book Q4:16 - Q1:17) and with purse strings stretch to the maximum, consumers would be unhappy with what supermarkets have to offer.

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IT’S DURBAN’S TURN TO HOST THE FASA/ABSA FRANCHISE SEMINAR


 

If you live in the Durban area, don’t miss this important franchise networking event brought to you by the Franchise Association, Absa and Franchize Directions. In a sluggish economy, there is light shining at the end of one tunnel - that’s the success of franchising which, despite the odds, has held its own year-on-year in every respect – from showing long-term sustainability to showing a high level of optimism for the future.

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ABSA’S TOP FIVE FRANCHISE TRENDS


 

South Africa's economy IN 2017 is under significant pressure and does not promise a great deal of progress for business or consumers — with the International Monetary Fund IMF predicting only 0.8 percent growth in 2017. Franchising, however, is one sector that has consistently shown its resilience by performing well and this trend is expected to continue in 2017.

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3@1 MOVES ACROSS AFRICA


 

3@1 Franchising has announced the signing of a multi-store agreement for Uganda. This follows the conclusion of a similar agreement with Zambia and the recent opening of the brand’s first store in the country.

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CREATE AN EFFECTIVE SOCIAL MEDIA STRATEGY FOR YOUR EMPLOYEES


 

A social media policy is important to have if you want your employees to better engage on social media. It helps to protect their personal safety and protect the reputation of your business. Here are 3 tips for creating a social media policy for your employees:

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