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Franchising in tough times

Guide your business through a recession

In any recession, operational expenses are the first thing that needs attention as businesses go into survival mode, however while curbing unnecessary expenditure is important, business owners need to balance this with tactics that enable them to grow and thrive on the upside. By being strategic and targeted on what you cut back and what you […]

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Franchising holds growth opportunities for SMEs

The resilience and vitality of the franchising industry in South Africa is more apparent than ever, and increasingly becoming a notable asset to the country. Jeremy Lang, regional general manager at Business Partners Limited (BUSINESS/PARTNERS), says that the franchising sector continues to grow on all fronts, and is increasingly offering business opportunities for local entrepreneurs […]

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Franchising grows in a tight economy

Despite trying socio-economic conditions, political uncertainty and tough trading conditions, the franchise sector has held its own over the past four years growing its contribution to the country GDP from 9.7% in 2014 to its present figure of 13,3% and its estimated turnover from R465 billion in 2014 to R587 billion in 2017. This is […]

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