FASA-Franchise Association South Africa

April 2009


FASA AWARDS 2009

THE FRANCHISE ASSOCIATION OF SOUTHERN AFRICA (FASA) HONOURS THE WINNERS OF ITS AWARDS FOR EXCELLENCE IN FRANCHISING:

  PICK N PAY SCOOPS FASA’S PRESTIGIOUS FRANCHISOR OF THE YEAR AWARD
  CAPTAIN DOREGO’S WINS BOTH FRANCHISEE OF THE YEAR AND FRANCHISOR: LEADING DEVELOPER OF EMERGING ENTREPRENEURS
  PLACECOL SCOOPS NEWCOMER FRANCHISEE OF THE YEAR
  BRAND BUILDER OF THE YEAR GOES TO VODACOM 4U

Top Awards Fasa

The FASA Awards for Excellence in Franchising, held annually, celebrate not only the top achievers in the industry, but have become the industry’s highest accolade and the vehicle through which the Franchise Association of Southern Africa shows the world how successful franchising is as a business format.

At the Awards for Excellence in Franchising, held as the culmination of Franchise Week, which saw the industry get together to attend a Franchise Convention and incorporating the International Franchise Expo, close to 400 franchisors and franchisees gathered at the week-end to celebrate FASA’s 30th anniversary as the industry’s representative body.

Newly elected Chairman Tumi Sengoara toasted the success of franchising in South Africa, which has grown to become one of the most important business sectors contributing 12.57% to GDP, with close to 30 000 franchised outlets in over 17 business sectors employing over half a million people. “Despite the economic downturn franchising continues to be a dominant business format as far as SME development is concerned.  Across the globe small business is recognized as the safety net of any economy and franchising is proving to be quite resilient even in this economic climate.”

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FASA FOCUSES ON FRANCHISING

Franchising is alive and well!  That was the message that came out of the Franchise Association of Southern Africa’s Franchise Week – a week devoted to a Franchise Convention, Seminars, the International Franchise Expo and FASA’s Awards for Excellence in Franchising.

A 3-day Franchise Convention focused on all the important issues relating to franchising – from the effects of the imminent Consumer Protection Bill to a report by various funding institutions on how they are helping potential franchisees raise finance in our present economic climate.  Site selection and area protection was discussed as were the challenges facing women in business. Alternate franchise options ranging from social and tandem franchising to public/private partnerships were discussed as viable alternate business formats.

The growth of franchising over the past 15 years was reviewed by franchise research consultants Franchize Directions and FNB together with Franchising Plus launched its ‘Think Tank’ scenario that aims to map the way forward for franchising in South Africa.

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