By: Amith Singh, National Franchise Manager, Nedbank Business Banking.
With the onset of the third wave of the Coronavirus pandemic reaching South African shores, the lessons gained during the hard lockdown and second wave can help franchisors and franchisees better mitigate its effects.
You’ve done your homework, you’re sure that you want to own a franchise business and you know that you have the financial means to do so: but now what?
In the first of a two-part series, Karen Keylock, National Franchise Manager at Nedbank Business Banking, discusses the benefits of buying a franchise versus starting a new business, shares growth sectors to consider and weighs in on upfront costs.
The Franchise Association of South Africa (FASA) held its AGM and its board was able to take cognisance of government’s proposed growth plans.
Amith Singh: National Franchise Manager, Nedbank Business Banking.
Amith Singh, National Franchise Manager, Nedbank Business Banking.
An audit done in 2010 revealed that a large proportion of South Africa’s economically active population was still underrepresented in the petroleum sector. And, despite the targets set in the charter, the representation of women was still below 10% in the retail part of the value chain. In 2017 the Department of Trade and Industry… Read more »
From negotiating rental relief with landlords and royalty fees with franchisors to asking for relaxed loan repayments with banks, franchise operators continue their battle to survive the Covid-19 lockdown as the economy tries to get back to some form of normality.
For a business concept to qualify as a franchise, the following elements must be present…
Are you a budding entrepreneur with big ideas wanting to franchise your concept? A warning against being ‘penny-wise, pound foolish.”
SPONSORED: The flexible office market is worth USD 25 billion in annual revenue and three in ten buildings in every city around the world could offer comprise flexible workspace by 2030.
Press Room In Sunday Times Franchising, we will be taking a closer look at the franchising industry in South Africa, examining two important sides: the franchiser and the franchisee. This publication will be filled with insights from industry leaders, company profiles, testimonials and case studies. You have the opportunity to get involved: contribute to the… Read more »