Springboks and Foxes: Two of a kind

Springboks and Foxes: Two of a kind

Clem Sunter, Scenario Planner and Futurist, wrote this inspirational article following the Springboks’ successful test match against Wales in July. As we tackle the All Blacks this month, his article about how the example set by the Springbok rugby team is pivotal in ensuring a positive economic future for South Africa is one that everyone should read. We should all take inspiration from it on how to put our differences aside and work together towards a common goal.

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SMME master plan to dovetail with energy crisis plan

SMME master plan to dovetail with energy crisis plan

In the same way that the energy crisis in South Africa has dragged on with no solution in sight, reforms to enable SMME growth through efficient governance has also seen years of draft master plans going nowhere. The National Integrated Small Enterprise Development (NISED) Master Plan published recently by the Minister of Small Business Development is yet another in a long line of initiatives that show no urgency and are simply tools for delay.

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Book now for FASA’s spring golf day

Golf Day

It’s finally back on the FASA events calendar! Traditionally one of the highlights of the FASA calendar, the Golf Day sponsored by Absa will once again be a Spring event on 30th September 2022 at Wanderers Golf Club.

This is the one occasion that allows franchisor members to socialise on a casual basis, invite their franchisees or suppliers to join them in a great game of golf and then celebrate a hard day’s play with an informal prize-giving and dinner.

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Running a business is like riding a wave

Running a business is like a wave

Mike Said of MikeSaidWhat Brand Strategy – a brand strategist with experience in the food sector and in franchising, has his finger on the pulse of what makes a good brand, with the focus on marketing, multi-media and service excellence. Mike Said equates running a business to riding a wave – there are always highs and lows that make for a wild ride. Understanding the process of building a business and being prepared for the curveballs will go a long way to keeping your sanity and managing a successful business. Mike Said’s business wave goes something like this:

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Africa franchise report: A study of franchising in Africa

franchising-africa

At FASA’s 2021 Conference, The African Export-Import Bank (Afreximbank), a pan-African multilateral financial institution established in 1993, gave their initial findings on a market study on the franchising sector in Africa, and have now published their final research findings.

Afreximbank, under the Create and Connect pillars of its Intra-African Trade Strategy, has prioritised franchising as a critical instrument to unlock opportunities for entrepreneurs, especially small and medium enterprises (SMEs) that are seeking new business ventures on the African continent.

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The world opens up to franchising

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Franchises after the Pandemic

Although franchises and businesses in general have been impacted by the pandemic for the past 2 years, it seems that the franchise business model has proved resilient and franchises all over the world are bouncing back – some franchise companies are even looking to foreign markets for future expansion. The recent signing of an MOU between FASA and the Malaysian Franchise Association is a bold step in that direction.

Franchising is the one business method that has perfected going global. Think of some of the world’s most iconic brands – from McDonald’s to KFC; from Re/Max to Cash Converters – they have all become global brands taking their concepts to new territories and new markets. Whilst the USA has pioneered going into international markets, many other countries have successfully broken the global barriers in untapped markets for potential growth. Even South African brands have successfully established themselves abroad – including Nando’s, Ocean Basket and Tashas, to name just a few.

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