According to the latest survey from the Franchise Association of South Africa (FASA), 39% of franchisors have businesses in Africa, outside South African borders. This is equivalent to 1 775 stores in the SA franchise population. Most of these franchises are found in the neighbouring countries of Namibia, Botswana, Zambia, eSwatini, Lesotho and with growth noted in Ethiopia and Kenya. Riaan Fouche, Chief Operating Officer for Franchising at FNB Business says, “More than 90% of franchise … [Read more...] about How to expand a South African franchise into Africa
Riaan Fouche
4 Key phases of the franchising relationship
The relationship between the franchisor and franchisee is often overlooked by people who are starting out in franchising. This is one of the biggest mistakes that one can do; it creates a lack of mutual understating, it also has a direct correlation to the 10% failure rate in franchising. Riaan Fouche, the Chief Operations Officer of Franchising at FNB Business says, “One of the things that franchisors should manage is a healthy relationship with franchisees and that requires a multitude of … [Read more...] about 4 Key phases of the franchising relationship
Multi-unit franchising growing in South Africa
Multi-unit franchising is becoming a growing trend globally and in South Africa, meaning a single franchisee owns more than one outlet in different geographies. This ownership model challenges the traditional paradigm of a single-unit franchisee that we are most accustomed to. Riaan Fouche, Chief Operating Officer (COO) Franchise at FNB Business says, “Multi-unit franchisees are a major trend in South Africa and more franchisors are giving first preferences to existing franchisees due to … [Read more...] about Multi-unit franchising growing in South Africa
