Get Your Slice Of R300bn Pie

Sowetan:

Black entrepreneurs should consider branching out into the franchising business sector because an outstanding factor is its resilience during tough economic times, says the head of franchising at Standard Bank, Thabiso Ramasike.

Ramasike yesterday outlined some of the developments in the franchising industry in South Africa and the policy guidelines entrepreneurs needed to adhere to when entering the franchise market.

A study conducted by the bank in 2008 revealed the franchise industry was worth almost R300 billion which accounted for about 12% of South Africa’s GDP.

More than 500000 people were directly employed by the sector that comprises 30000 franchise outlets. More.

Leave a Comment

Your email address will not be published. Required fields are marked *