With only 17 business sectors benefiting from franchised systems in South Africa, compared to between 25 and 75 in countries such as the US, the UK, Australia and Brazil, there is ample room for expansion into other areas of business – including implementing both social and tandem franchise systems that could see government services franchised in a public/private partnership.
This is the opinion of the Franchise Association of South Africa (FASA), which believes that government is overlooking a vital sector that can help it achieve its projected five million jobs by 2020, as envisaged by President Jacob Zuma.
It appeals to government to consider the important role that this unique business system has played in fostering entrepreneurship, in the transfer of skills and in job creation and to partner with the sector to achieve its employment targets. More.