The fast food and quick service restaurant sector in SA contributes 13 percent to GDP.
With a contribution exceeding 29 percent, South Africa’s quick service restaurant (QSR) sector has by far the biggest share in franchising turnover. According to the Franchise Association of South Africa (FASA), the franchising market is worth R587 billion, approximately 13.3 percent of the South African Gross Domestic Product (GDP).
Andre Beck, Sector Head: Fast Food and Restaurants at FNB Business, says:
“Industry data shows that South Africa has seen more franchises opening fast food and restaurant outlets in spite of the floundering economy. This clearly paints a picture of a sector that is competitive and lucrative, and more importantly, it shows that the franchising has sustained appetite to grow further in the local economy.”
He highlights some trends in this sector: