FEBRUARY 2016 NEWSLETTER

FASA.CO.ZA
0861-2 FRANCHISE

 

As we start the new year, the country, the economy, business and consumers are faced with many challenges.  We trust that the franchise community, who historically are an innovative and generally positive group of entrepreneurs, will turn the challenges into opportunities and continue to succeed despite, and in spite of the obstacles in their path.

February sees a number of legislative and taxation issues being highlighted, namely the gazetting of the Franchise Industry Code and the draft guide on Taxation for Franchisors and Franchisees – both open for comment before being promulgated.  We also highlight taxation on tips, feature a story by new member Liberre Advisory on minimizing HR risks, highlight USB Speakers Showcase, give the latest member news and Kurt Illetschko, FASA’s ambassador reports back on two events he attended.

The Editor

     

Call for Action: Draft Franchise Industry Code of Conduct - published by the National Consumer Commission - Government Gazette 39631


 
 

After extensive consultation by the Franchise Association of South Africa’s legal advisor, Mr Eugene Honey, Partner Adams & Adams and the National Consumer Commission, the draft code was submitted by the association and is designed to provide an alternate dispute resolution mechanism for disputes between franchisees and franchisors. 

READ ARTICLE

 


Taxation on tips


 
 

The increased usage of credit cards by customers for safety reasons has led to a large percentage of tips being added to credit card payments, going to the employer instead of the employee. The employer then has to transfer the tips to the employees. The question regarding the tax implications in relation to the receipt of tips in the service industry (and other industries) has created much uncertainty over the past few years.

READ ARTICLE

 


USB Annual Showcase 2016


 
 

If you have attended any of FASA's networking breakfasts you will have heard the excellent speakers that Unique Speakers Bureau (USB), a member of FASA lines up. As we gear up to 2016, they invite all FASA members and businesses to register to attend Meetings Africa where they will be hosting their Annual Showcase as part of the VIP Programme.

READ ARTICLE

 

Pick n Pay donates R0.5mil to drought-stricken areas


 
 

Pick n Pay is donating half a million rand through different initiatives to provide respite for communities in drought-stricken areas to help those affected, and to facilitate public contributions to those most in need.

READ ARTICLE

 


Call for Action: Draft Guide on the Taxation of Franchisors and Franchisees


 
 

The South African Revenue Service (SARS) has issued a draft guide on the Taxation of Franchisors and Franchisees. The guide was released on 7 January 2016 and will close for comments on 12 February 2016.



READ ARTICLE

 

How to minimise HR risks in the Franchise Industry and ensure an effective HR Strategy.


 
 

In what state is your Franchise's Employee Handbook? Or should that question rather be; does your Franchise have an employee handbook that can guide the Franchisees on how to effectively implement your policies, procedures, conditions of employment, etc? New FASA members Liberre Advisory (PTY) Ltd can help reduce the risk of Franchisee's getting their HR wrong, which could impact the continued viability of their (and your) business.

READ ARTICLE

 

Dunkin' Donuts the second doughnut franchise (after Krispy Kreme) to enter SA


 
 

Grand Parade Investments (GPI), which brought Burger King to SA in 2013, is to add to their portfolio of franchise brands by bringing both Dunkin' Donuts and Baskin-Robbins stores to South Africa. Their plans are to open as many as 250 Dunkin' Donuts and 70 Baskin-Robbins stores in SA. The first Dunkin' Donuts will open in Cape Town in June 2016.

READ ARTICLE

 

BCMM Franchise Expo 2015 was a resounding success


 
 

Regular readers of this newsletter will be aware that the Buffalo City Metropolitan Municipality (BCMM) presented its second expo during November last year. We can now report that the event was highly successful.

READ ARTICLE


Follow us:





     

DO YOU HAVE ANY STORIES YOU WOULD LIKE FEATURED IN OUR NEXT NEWSLETTER?

Contact us on 011 615 0359
Or, email your story to fasa@fasa.co.za