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When franchisors look for opportunities to grow, many of them realize that astronomical growth exists beyond their borders. It doesn’t matter if their borders are the United States of America, Germany, Japan, or Kuwait, to name just several. Sooner or later, indigenous franchisors decide to expand into another country via master franchising, a concept that allows investors to
acquire, build and expand a foreign franchise concept in their home country. Continue
Reading
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Franchising your company is one way to grow your business by expanding to new locations, creating more revenue, and growing your brand. While most businesses aim
to achieve this, there are challenges that franchisors encounter when expanding their businesses.
Morné Cronje, Head of Franchising at FNB Commercial says creating a good franchise network requires time, dedication, and in-depth market research to be able to penetrate the market that will bring in the desired outcome. Continue reading
| According to Sithole, “a solid cyclical economic growth rebound is underway following the sharp economic decline in 2020. Elevated terms of trade and global
economic recovery, notably the recovery of SA’s major trading partners, is critical for SA’s growth. In addition, an extremely accommodative monetary policy stance should support aggregate demand, and financially robust high-income consumers (and delayed demand from last year’s restrictions) should support consumer spending over 2021. Continue Reading
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Among the many industry sectors in South Africa, whether agriculture, mining or manufacturing, franchising is the only one that covers a whole spectrum of business sectors (around 14) and contributes almost 14% to the country’s GDP – far above all other sectors whose contributions are in the single digits – but sadly, as an industry sector, it often does not get enough credit for
its contribution. Continue
Reading
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South Africa has entered the second week of its latest two-week level 4 lockdown, with restaurants – among others – bearing the brunt as sit-down dining has been
disallowed. In an attempt to minimise the blow, some of seafood franchise restaurant Ocean Basket’s branches have launched a roadhouse-style dining experience. Continue Reading
| A conversion franchise is simply an existing business that is converted to a franchise. This will typically mean that the conversion franchisee will rebrand the
business and change the décor, to conform and operate as part of the franchise network. Continue Reading
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