Did you know that South Africa franchising’s economic output as a percentage of GDP ranks in the top five worldwide? That’s correct… with its contribution to GDP at 15,3% (in 2017), South Africa’s franchise sector is up there with France, Australia, New Zealand and the Netherlands.
The success of South Africa’s franchising sector has put us squarely amongst the best performing franchising countries in the world, according to statistics compiled by the World Franchise Council’s 2017 Survey on the Economy Impact of Franchising Worldwide, created to monitor the global franchise landscape.
The phenomenon of franchising continues to grow worldwide with most global markets receptive to the business model which provides entrepreneurial-minded business people with an opportunity to run their own business.
- Approximately 2 million franchised businesses sustain over 19 million jobs globally.
- On average, franchising contributes 2.7% to national GDP’s to the world economy of members in the World Franchise Council.
- Contributing over $1.75 trillion per annum, the United States leads the way, with over $650 billion of revenue generated per year.