How do franchisors see the future
Planning the blueprint of how franchisors and franchisees see the future is what the franchise sector needs to spur it on to greater heights. Having learnt the hard lessons from the past five years, every franchise system needs to take on board the lessons learnt, harness the power of the collective and face the future with a new determination to show that they can turn the tide. What the franchise survey establishes without a doubt is that franchising offers proven models, brand recognition and a lower-risk investment. FASA Franchise Association South AfricaTo protect, lobby, promote and develop ethical franchising across …
Cash Converters Celebrates 30 years in South Africa – Here’s the secret to its success
Cash Converters success lies in its intentional positioning as the partner of choice for South Africans who need quick and easy access to cash. To remain the leader in this field, Cash Converters has continuously evolved its offerings to help South Africans manage unexpected financial disruptions. FASA Franchise Association South AfricaTo protect, lobby, promote and develop ethical franchising across all sectors in South Africa with specific focus on transformation. www.fasa.co.za …
The passion of the small business owner
Those who attended FASA’s Conference in 2023 will remember Australian Greg Nathan’s powerful presentation on leading through uncertainty and Change. His latest newsletter is dedicated to all business owners, including franchisees, franchisor founders, and independent operators. FASA Franchise Association South AfricaTo protect, lobby, promote and develop ethical franchising across all sectors in South Africa with specific focus on transformation. www.fasa.co.za …
Sorbet-preneur initiative with Bidvest Bank empowers women with franchise ownership
According to research conducted by the McKinsey Global Institute, female business owners are contributing R175bn a year to GDP and, between 2018 and 2021, created one million new jobs worldwide. …
Fast food sector remains top of mind in franchising
According to the FASA 2023 Franchise Survey, sponsored by Absa, the largest franchise sector is fast foods and QSR restaurants at nineteen percent (19%). Retail and direct marketing follows at 17%, building, office and home services at 12%, and automotive products and services at 10%. Similar in size are childcare, education and training and business-to-business services (7% each), and health, beauty and body culture at 6%. The smallest categories (5% and lower) are real estate services, dine-in restaurants, leisure and entertainment, construction and related, personal services, and digital and technology. New sectors were introduced in 2023, but other than dine-in …
Xpresso Café – South Africa’s best priced coffee shop
Xpresso Café began in 2016 as a coffee shop that made a significant impact in Durbanville, Cape Town. The founders, couple Clyde and Nicolene, had a vision of creating a new coffee experience for only R10 per item. They were passionate about coffee and affordability. They wanted to create a unique experience where customers could enjoy high-quality coffee and snacks at a price that wouldn’t break the bank. NicoleneNicolene has multiple successful small businesses. Nicolene coaches female entrepreneurs to scale and grow their business online in a new creative way, through sharing their unique stories. MY STORY magazine features the …
Draft code aims to provide an alternative resolution mechanism and regulate conduct
It is not news that for several years businesses in SA have faced a series of setbacks, with loadshedding, increased fuel prices and interest rates, a weaker rand and Covid19 all taking their toll. Consumer facing businesses such as restaurants and retail outlets have been hit particularly hard, especially as most businesses in these sectors are smaller and independently owned, often without significant resources to cushion against economic pressures that have become the order of the day. The franchise sector has been no exception, though several characteristics of the sector make it less susceptible to economic turmoil. Ian JacobsbergIan is …
FASA congratulates Monkeynastix on being a member for 30 years
FASA congratulates and salutes Monkeynastix, the fun and challenging fitness movement education program for children 1 to 12 years on their thirtieth anniversary as a member of the Association. As pioneers of movement education in South Africa and internationally, Monkeynastix is a broad-based, holistic programme that combines creativity and music with basic training in flexibility, balance, strength, agility, co-ordination and body awareness. Embracing joyful learning According to CEO Dirk Cilliers, experts agree that movement education is just as important as reading, writing and arithmetic. “Movement education comes from developing a wide variety of fundamental movement skills such as hopping, skipping, …
Pick n Pay flies the flag for their franchisees
In the 1990’s, when Pick n Pay first started franchising, there were two myths about franchising; one, that a big corporation does not make a good franchise; and two, that it is virtually impossible to franchise a business that deals in low-margin items. Raymond Ackerman, in setting up his first franchise in 1993, dispelled that myth and proved that a retailer in the supermarket sector can franchise successfully and that a large corporation can be an outstanding franchisor. What he also proved was that the success or otherwise of a company wishing to become a franchisor depends less on the …
Working capital woes of owning a service station
Every month, around the 27th, South Africans watch the news like hawks to see if the fuel price will be increasing or decreasing come the first Wednesday of the following month. Motorists who are trying to make ends meet plan their filling habits around rewards programmes and fuel price changes. FASA Franchise Association South AfricaTo protect, lobby, promote and develop ethical franchising across all sectors in South Africa with specific focus on transformation. www.fasa.co.za …
Commission and Spar Group reach agreement on the cessation of long-term exclusive leases
The Competition Commission (Commission) and the Spar Group Ltd (“The Spar Group”) have reached a consent agreement aimed at ending long-term exclusive lease agreements in the grocery retail sector. The consent agreement follows a mediation process conducted under the auspices of the Honourable Justice Dennis Davis, the former Judge President of the Competition Appeal Court. As part of this agreement, the Spar Group has committed to end exclusive leases by December 2026 and to opening opportunities to Small, Medium, and Micro Enterprises (SMMEs) and Historically Disadvantaged Persons-owned (HDPs) supermarkets immediately. The consent agreement will be submitted to the Competition Tribunal …
Tips to leading through uncertainty and change
“Don’t go changing…I want you just the way you are.” So sang Billy Joel in the 1970s. Not so in the 2020s! That’s the view of Australian Greg Nathan of the Franchise Relationships Institute and master of the underlying dynamics of the franchisee-franchisor relationship. Greg NathanNo-one understands what it takes to succeed in franchising like Greg Nathan. Greg has been a business psychologist for 40 years and is Founder of the highly respected Franchise Relationships Institute. His unique insights into how franchisees and franchisors can maximize their successes comes from his extensive research, and practical work, with over 550 franchise brands. …
New OK Urban concept store refines convenience for customers
The Shoprite Group has introduced a new brand to its franchise portfolio called OK Urban, an innovative concept store that provides an elevated customer experience. FASA Franchise Association South AfricaTo protect, lobby, promote and develop ethical franchising across all sectors in South Africa with specific focus on transformation. www.fasa.co.za …
Cash Converters Franchise to the rescue
Cash Converters’ franchise offering is designed to thrive in any economic climate – their three-stream revenue model creates three times the opportunity for franchisees to generate profit and build sustainable wealth. This means franchisees have the opportunity to generate three times the profit and build sustainable wealth. As a customer-centric business, they remain a world leader in the buying and selling of quality second-hand household goods. In a country that is economically challenged, Cash Converters continue to invest in our vision of becoming a leading financial services provider. Cash ConvertersAs Group Marketing Manager of Cash Converters Southern Africa, Nicole Thomson …
Sorbet and Bidvest Bank launches Sorbet-Preneur
Leading beauty and grooming brand, Sorbet, and Bidvest Bank, South Africa’s premier business bank for entrepreneurs are proud to announce their partnership in Sorbet – Preneur, designed to support the growth and development of aspiring entrepreneurs by helping them set up and own a Sorbet franchise. FASA Franchise Association South AfricaTo protect, lobby, promote and develop ethical franchising across all sectors in South Africa with specific focus on transformation. www.fasa.co.za …
Congratulations Food Lover’s Market on celebrating 30 successful years!
From a single fruit and veg store opened in Cape Town, Food Lover’s Market Group has thrived over the past 30 years to become the country’s largest privately-owned retailer. It now boasts an expanding footprint of modern grocery retail stores and a handful of attractive brands now part of its stable. …
Following the road to recovery and renewal
The economic situation around the world is proving to worsen and has a ripple effect on the South African economy as we are a global player and rely heavily on Foreign Direct Investment. It is however encouraging to FASA and the franchising industry as we embark on a new path of repositioning franchising at the centre of economic recovery in the country. FASA Franchise Association South AfricaTo protect, lobby, promote and develop ethical franchising across all sectors in South Africa with specific focus on transformation. www.fasa.co.za …
Big supermarkets strong arm the little guys out of shopping centres
It’s happening all over again! Despite the Competition Commission in November 2019 ordering the big four supermarket chains (Shoprite, Pick n Pay, Woolworths & Spar) that have a collective market share of 72%, to drop exclusivity clauses in shopping mall leases, one of them is back to its old tricks using its position at the expense of smaller players. Tony Da FonsecaTony da Fonseca is the managing director of the OBC Group, an award-winning network of franchised retail butcheries. Under his astute leadership, and despite the depressed economy, the Group has recorded exponential growth over the past few years. It …
The year in review – why franchising still matters
Looking back over the past year can be fraught with frustration as we see the hurdles that business has had to overcome just to keep ahead of the curve. Despite and in spite of all the challenges, one needs to acknowledge that franchising has afforded tens of thousands of entrepreneurs the opportunity of operating thriving businesses – thanks to its adherence to strict principles and to tried and tested formulas has stood the test of time, that include: FASA Franchise Association South AfricaTo protect, lobby, promote and develop ethical franchising across all sectors in South Africa with specific focus on …
Transformation through Social & Micro Franchising
Anita du Toit, founder of Franchise Fundi and one of the country’s foremost experts on transformational franchising believes the potential of micro and social franchising to create entrepreneurship, skills and job creation is without question. With South Africa’s unemployment rate keeps soaring due to the compounding effects of Covid-19, global upheaval, political unrest and a lack of economic growth make an increase in formal employment likely. Anita du ToitAnita du Toit is the Founder and Franchise Development Consultant at Franchise Fundi. She has more than 20 years franchise consulting experience across the telecommunications, automotive, restaurant and retail industries amongst others. …