Support Services Essential in Franchising
The Franchise Association of South Africa (FASA) since its establishment in 1979 has been dedicated to ethical franchising, guiding and safeguarding the reputation of the sector which today contributes around 14% to the country’s GDP. FASA does not have statutory powers and regulating and enforcing its code of ethics and business practices can only apply to its members. The requirements of becoming a member of FASA are stringent – this no doubt scares off the less scrupulous operators and those who do not have correct structures and support systems required of a top class franchise system. FASA Franchise Association South AfricaTo …
Deposits – Where a Franchise Agreement has been signed
The CPA requires that a franchise agreement must be in writing and signed by or on behalf of the franchisee and must include any “prescribed information”. In regard to deposits the regulations stipulate that a franchise agreement must contain: “confirmation that any deposits paid by the prospective franchisee will be deposited into a separate bank account and a description of how these deposits will be dealt with”. full particulars of any initial fee payable to the franchisor on the signing of the franchise agreement, and the purpose for which it is to be applied. FASA Franchise Association South AfricaTo protect, …
Products
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2023 Franchisor Survey
R1,500.00 -
2024 FASA Franchise Manual
R420.00 -
2023 FASA Franchise Manual
R420.00
FASA Franchise Members
FASA Supplier Members
