Global recognition for Signarama Southern Africa
At the Signarama World Expo which recently took place in Cancun, Mexico. Signarama Southern Africa franchisor, represented by Kurt Tyack, received the award for the Master Partner of the Year as the top performing Signarama country network in the World (outside of the US and Australian markets). The award is the culmination of a great deal of hard work, and was accepted with a great deal of pride by Kurt Tyack in Cancun. “This award is testament not only to the work put in by everyone at the Signarama support office in South Africa to develop and grow the brand, …
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 865 franchise systems support over 45 000 outlets operated by franchisees who in turn employ 369 573 people. …
McDonald’s to invest R3Bn in SA over the next 5 years
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 manufacturing sector across the country. “Through this expansion, 7,000 new jobs will be created and we plan to recruit matriculated youth across the country to be employed within our restaurants,” says McDonald’s SA CEO Greg Solomon. As part of its training and development efforts, the …
25 Years of Anat – A brand built on Chutzpah and Pita
Over the past 25 years, Middle Eastern eatery Anat and its founder Anat Apter have risen from humble beginnings to having more than 20 stores spread across South Africa. “I never wanted to be in the family food business, but after falling on hard times, I heard my mother’s voice in the back of her mind saying that if I ever needed cash fast, I should go and sell falafel! So using my grandmother’s recipes, I did,” says Apter. …
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 sector, offering exciting franchise opportunities in banking space of providing Foreign Exchange products and services to importers and exporters from all market segments. …
FASA signs MOU with Small Business Institute to make a difference and Lobby Government
With Minister of Finance Tito Mboweni’s mini-budget speech still resonating and giving some hope with his call that ‘together, as a country, we can rebuild and recast our future… and choose a path that takes us to faster and more inclusive economic growth and strengthens private and public sector investment,’ the Franchise Association of South Africa (FASA) signs a Memorandum of Understanding (MOU) with the Small Business Institute (SBI). According to Vera Valasis, FASA’s Executive Director ”the collaboration with SBI will provide FASA with an official ‘voice’ to be represented and lobby through the SBI at BUSA level on business …
National project against poverty launched with R1 Million generated in first 5 months
A ground-breaking initiative by the Nikela Charity Funding & Development Fund with the aim of raising R1 Billion every year for social upliftment, of which FASA was one of the first signatories, was launched in celebration of Archbishop Desmond Tutu’s 87th birthday in early October. Rounda, which is a Public-Private Initiative, driven by Civil Society, with the full backing of Government and support from major South African business industries, encourages the public to make every cent count and is a way for all of us to play our part to eradicate poverty in South Africa. …
Successful business ownership critical to SA’s economy
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 sponsor of the annual FASA Franchise Survey, we are passionate about helping business people succeed on every level and we believe the knowledge gleaned from successful franchisors and franchisees offers valuable insights into the mix of factors that make up successful business ownership.” …
Be part of FASA’s 2019 40th Anniversary Franchise Manual
The 2019 Franchise Manual, the official annual directory for the Franchise Association of South Africa (FASA) will take a journey through time celebrating the Franchise Association’s 40th anniversary as the representative body for the franchising sector. To be part of this anniversary issue – either as a FASA member, a prospective franchisor or a supplier to the industry, book your ad space now! …
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 forming part of the survey – just behind Australia and France. The top three countries in terms of shopping centre supply – the US, China & Canada – contribute a combined 77% to the overall figure. …
FNB Franchise Leadership Summit gives FASA members preferential rates
FNB is hosting the 7th Franchise Leadership Summit at Montecasino on Tuesday, 13 November 2018. Themed ‘Equipping you to future proof your franchise’, the summit encourages discussion amongst high calibre franchisors and industry stakeholders and is offering FASA members a special rate of R1 200 per person. …
The future of shopping centres in the spotlight
Whilst a survey in 2017 by Visa showed that South African consumers still prefer doing their shopping in malls, and a recent study by MSCI on behalf of the South African Council of Shopping Centres (SACSC) shows South Africa as having the sixth most shopping centre space in the world, FASA’s Franchise survey does show a decrease in the number of outlets in shopping centres and malls. …
Survey Shows SA Entrepreneurs are struggling
Although FASA’s recent survey, sponsored by Sanlam, shows that entrepreneurs with new franchise concepts grew from 843 to 865 and opening 3 181 outlets in the past year, the entrepreneurial environment has become more difficult. Seed Academy undertook the study of more than 1,000 entrepreneurs and found that the key challenges they faced included the inability to raise funds, finding customers, wearing too many hats followed by lack of guidance, slow sales, customers paying late and the unpredictability of business conditions across the country. …
The 5 Basic Rules of Entrepreneurship
There is no reason why young entrepreneurs should feel discouraged from starting their own businesses. By following the five basic rules of entrepreneurship, they can make their journey to business success significantly less challenging. This is according to Ben Bierman, a managing director at Business Partners Limited and a FASA member. “While it may be true that young entrepreneurs face many challenges – from financial limitations, to simply not being taken seriously by potential vendors, clients and funders who may not appreciate the value of young entrepreneurs – it is important to emphasise that entrepreneurs are self-reliant by definition. It means that even …
9 Year old A+ Student takes 2nd place at the junior mental calculation world championships in Germany
Against stiff international competition, education franchise, A+Students learner Stiaan Scheepers who is only 9 years old achieved a 2nd place at the Junior Mental Calculation World Championship which took place in Bielefeld, Germany on Monday 24th September 2018. Chairlady and founder of A+Students was the first to congratulate Stiaan on his momentous achievement only minutes after he received his award saying “You have done me proud, you have done A+Students proud and you have done your country proud but most of all you have done yourself proud – well done young man!” …
Calling all Franchisees
The success of franchising is largely due to the handful of franchisors, who, almost forty years ago, got together to formalise the business format of franchising along international ethical standards and laid the foundation for what is today the Franchise Association of South Africa. Today the franchise sector boasts around 865 business systems, 45 011 franchisees with an estimated turnover of R721 billion equivalent to 15,7% of the total South Africa GDP. Now that’s something to be proud of! …
Training funds and franchisee start up funds for members
Join FASA in their job creation and empowerment project – training funds and franchisee start up funds for members In the face of increased unemployment to 28.2 percent, FASA’s recent franchise surveys, sponsored by Sanlam, shows that the franchise sector is playing its part with an increase in the total number of people employed in the industry from 343 319 to 369 573. This translates, on average, to each franchisee employing 18 staff members in the business including him/herself. There are, on average 12 full-time and 6 part-time employees – all of whom could benefit by learnership training that promotes learning …
These Stores Have the Best Return Policies in Retail
L.L.Bean ended its legendary lifetime return policy to clamp down on customers who were taking heavily worn products. …
How to Construct a New Invisible Hand
We consider all the drivers of change – from the ground up and we’ll motivate and support you to make the change. …
Putin, Trump, and the Nuclear Danger
The idea that a low-yield nuclear weapon would be seen as different from a higher-yield nuclear weapon shows a complete lack of understanding of how information promulgates in the world. …
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