With the economy showing a positive growth for the coming year and public and business sentiment on an all-time high, 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
Tony Da Fonseca, MD of the OBC Group who is in his second year as Chairman of the Franchise Association of South Africa (FASA), takes a look at the future of franchising in an ever-changing world. “Over the past few decades, business format franchising has become the most successful business model the world has ever … Read more
Franchising is recognized globally as one of the most aggressive forms of business expansion. It enjoys a high profile with some of the world’s most renowned brands as franchise leaders. In most countries franchising has fallen under the umbrella of local franchise associations, which in turn, belong to the World Franchise Council. This allows the … Read more
Disruption, innovation and staying relevant to changing political and economic trends and more importantly to changing customer needs is crucial to the continued growth of franchising in South Africa” says FASA Chairman, Tony Da Fonseca. “Given the current political climate, economic downgrades and general uncertainty in the country, businesses need to toughen up and be … Read more
The SONA speech by President Cyril Ramaphosa and his commitment to supporting small business and entrepreneurship has been welcomed by Tony Da Fonseca, the Franchise Association of South Africa’s Chairman, who in 2017 had already met with the chairperson of the Parliamentary Portfolio Committee for Trade & Industry to pave the way for greater co-operation … Read more
When the Franchise Association of South Africa (FASA), together with sponsor Sanlam commissioned Research IQ in 2014 to conduct a survey of the industry and track its growth, South Africa and the world had already been in a recession for five years. Despite trying socio-economic conditions, political uncertainty and tough trading conditions, the franchise … Read more
TIME IN BUSINESS The results from this survey show that two in five (41%) of franchisees have been in business for more than ten years and 69% for more than five years. The average number of years in business has increased from 7,8 in 2016 to 10,3 in 2017 over the whole sample. LOCATION … Read more
In today’s difficult trading environment starting a business or even a franchise does not guarantee success but as one franchisee put it, “I would rather be in business within a franchise system than be facing all these challenges on my own.” The Franchise Association of South Africa, in addition to conducting a survey on the … Read more
The Franchise Association of South Africa (FASA) believes the franchise sector, which contributes 11.6 percent to the country’s GDP and employs close to 400 000 people through its 757 franchise systems and their 35 111 franchise outlets, can play a key role in creating new businesses to grow the economy through innovative venture creations. To this end, … Read more
The Franchise Association of South Africa’s Franchise Awards for Excellence in Franchising, sponsored by Sanlam and held this past week-end as part of their annual Franchise Business Festival, honoured those franchise brands that have bucked the negative trends to show resilience and growth in these trying times. Commenting on the finalists and winners in the … Read more