The fast food and quick service restaurant (QSR) sector continues to show steady growth on the back of what has been a tough economic climate in South Africa. With a contribution in access of 29%, QSR has by far the biggest share in franchising turnover. According to the Franchise Association of South Africa (FASA), the franchising market is worth R587 billion Rand, which is approximately 13.3% of the South African Gross Domestic Product (GDP). Andre Beck, Sector Head: Fast Food and … [Read more...] about 4 Key Trends in SA’s fast food franchising sector
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Franchising – The year that was
2017 has been a year fraught with challenges for both consumers and business alike. South Africa has however remained an eye-catching destination for international brands looking to expand their businesses; none show this more than franchising in South Africa. Morne Cronje, Head of Franchising at FNB Business agrees that even in what is said to be tough year, South Africa has managed to attract global franchise brands. “A recent example of a global franchise brand coming into South Africa … [Read more...] about Franchising – The year that was
The latest buzz in Franchising
Much has been said about the slothful state of the economy and have echoed sentiments that 2017 is not going to be a walk in the park. The franchising sector has however found its way through the slow economy with industries such as the fast food segment showing positive growth in 2016. That said, franchising in South Africa is still not fully realising its true growth potential and franchises need to continue to plan ahead, innovate and adapt to changing market conditions to ensure that they … [Read more...] about The latest buzz in Franchising
Ten key questions to ask when buying a franchise
Franchising continues to be an attractive investment for entrepreneurs that want to play it safe and go with a tried and tested concept. In spite of that, even a proven business model still carries an element of risk for entrepreneurs that go in blindly without doing proper due diligence. Morne Cronje, Head of Franchising at FNB Business says, similar to other businesses, franchises are also sensitive to economic headwinds. As a result, entrepreneurs that want to take that big leap of faith … [Read more...] about Ten key questions to ask when buying a franchise
