FASA’s 33rd Annual General Meeting, held at Bowman Gilfillan on Wednesday 22nd February, saw around 60 members gather to hear FASA’s Chairman Jan Davel give his Chairman’s Report and outline plans for 2012. Whilst franchising continues to enjoy continued worldwide success as a sound business format, the challenges of the past few years have taken their toll but thankfully haven’t dented the entrepreneurial spirit that is so enshrined in franchising.
“Opportunity Knocks!’ is Jan Davels’ mantra for 2012 and he believes franchising holds the key to unlocking Africa’s potential with South Africa as a leading emerging market and a springboard to the rest of Africa. He challenged all those in franchising to play a positive role in the country’s economic recovery. “We should all focus on areas of control and opportunity, not on areas of concern and remember that franchising with its contribution of almost 12% to GDP (according to The Franchise Factor research by Bendeta Gordon of Franchize Directions) plays an important role in the economy and is most definitely here to stay!”
2011 was a turning point in FASA’s 33-year history with several pieces of legislation - namely the CPA and the Companies Act – being government’s first attempts at regulating our sector and which could potentially change the very face of franchising in South Africa. This has opened the door for FASA to spearhead several initiatives including:
- Getting government recognition as a professional body.
- Acting on government’s call to create 5 million jobs by 2020 by engaging with government and playing a role as part of the 68% of small business private-sector employers with less than 50 employees.
- Tap into various job creation initiatives such as the Job’s Fund, dti grants, the National Empowerment Fund and the National Planning Commission to fast-track franchise development and increase our market share and contribution to GDP.
- Play a significant role in formalizing training through accreditation with the Services SETA.