South Africa has over 35,000 franchise outlets that employ more than 300,000 people and with a failure rate that is significantly lower than regular start-ups, franchising holds the key to job creation.
MORNE CRONJE, HEAD of Franchising at FNB Business, says, “In spite of the economic slowdown that is having a knock-on effect on small businesses, the franchise sector continues to grow gradually and franchise brands are doing better because of their strong business models and support structures.”
Cronje’s 4 key insights on why we need more franchisors and franchisees:
1. Employment
This story is from the September - October 2017 edition of SA Franchise Warehouse.
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This story is from the September - October 2017 edition of SA Franchise Warehouse.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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Why SA Needs More New Franchises
South Africa has over 35,000 franchise outlets that employ more than 300,000 people and with a failure rate that is significantly lower than regular start-ups, franchising holds the key to job creation.
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