Despite the economic recession still holding its grip on business growth, franchise companies in South Africa seem to be following the international trend of being far more resilient than other business sectors and showing signs of improvement. In the USA the franchise industry posted its highest year-over-year gain since the beginning of the recession, up 2.2% since September 2011. According to IFA President Steve Caldeira, "Franchising continues to demonstrate its resilience as a business model, consistently outperforming other sectors in new business formation and hiring, particularly in the restaurant, retail and service sectors, including personal, commercial, residential, business and automotive services."
Resilience and tenacity in the franchise sector was clearly seen at the IFE 2012 expo held earlier this year. Visitor attendance figures were up, and both exhibitors and visitors to IFE 2012 agreed that business confidence had indeed ‘turned the corner" with small business ready to lead the recovery and franchising offering the best business opportunities. This year's IFE was marked by the largest number of new concepts seen in quite a while - from intimate lingerie, fashion brands, nutritional health concepts to solar and business services. A good number of new food concepts, both local and international, were launched at IFE with great success and a number of international concepts from the US, Italy and India were on show.
As one of the longest running franchise and business opportunity expos, IFE has built its reputation on ‘quality rather than quantity." Under the auspices of the Franchise Association of South Africa (FASA), visitors looking for quality business and franchise opportunities choose IFE as their exhibition of choice.
FASA's 2013 IFE Expo takes place at the Sandton Convention Centre from the 9 - 11th May and bookings are now open! If you have an established franchise concept and are looking to expand your footprint, or have a viable business opportunity to showcase, then you cannot miss taking part in the 2013 International Franchise & Entrepreneur Expo. To book your stand contact Shereen Davids at FASA on 011 615 0359 or email firstname.lastname@example.org and email@example.com