Although there is a country-wide call for entrepreneurship, the risk of starting your own business from scratch is extremely high. It is a proven concept that franchises have a higher rate of success in comparison to startup businesses.
This is due primarily to a sizeable amount of work already achieved by the franchisor. Fuelled by globalisation and the advent of technology, the franchise economy extends to virtually every industry sector you can imagine. The country can create more jobs and generate income-earning potential by encouraging the development of more franchise businesses, with proven business models and entrenched support structures
South Africa's economic output from franchising as a proportion of GDP is in the top five in the world, franchising continues to contribute to long-term national economic activity.
Join us for this forum as we explore:
- The evolution of franchising and the impact franchising has had on the economy and how the future is looking;
- How franchising compares to other business opportunities;
- The short-term and long-term impact of Covid-19 on the industry;
- Impact franchising has had and continues to have on job creation and economic development; and
- The impact technology has had on the franchising industry.
Richard Mukheibir: CEO Cash Converters;
Fred Makgato: CEO, Franchise Association of South Africa (FASA);
Harry Nicolaidis: CEO, Century 21;
Laurette Pienaar: Specialist-Franchising, Capitec Bank; and
Pertunia Sibanyoni: CEO of InspectaCar Wesbank and FASA Chairperson.
Date: 19 October 2022
Venue: GIBS Campus