The Fish & Chip company facilitates funding for 50 new franchises
An initiative, known as Sisonke (the Zulu word for ‘we are together'), involving Brimstone Investment Corporation (br-T), Taste Holdings and Nedbank, will facilitate funding for 50 new franchisees to open The Fish & Chip Co outlets. Spearheaded by Taste Holding CEO Carlo Conzaga, who has long held the view that franchising is corporate responsibility in action and that successful brands should play their part in creating meaningful jobs through sustainable entrepreneurship, the initiate will provide competitive funding for potential franchisees, who, under normal circumstances, would not have the required security to buy a franchise. Potential franchisees would only need a basic deposit of R120 000 in cash instead of the full R550 000 with the balance of the total set-up cost (including working capital) funded by Nedbank. With the Fish & Chip Co franchise brand boasting 300 outlets employing 3 300 people and with more than 76% of those being black-owned, this initiative will give a boost to the company's already successful black economic empowerment drive and further expand the brand's popularity.