Despite a weak economy and tough trading conditions, the franchising sector has continued to perform well – especially in the fast-food sector.
“Over the past few decades, business format franchising has become the most successful business model the world has ever known,” said Tony Da Fonseca, chairman of the Franchise Association of South Africa (FASA).
“Seeing that in this fast-moving world of ours, change is seen as the only constant, it is appropriate to ask whether franchising can maintain its momentum. My answer is a resounding yes.”
Survey results released by FASA in 2017 showed that the sector’s performance remains on an upward trend.