Franchising in South Africa ‘growing steadily’

by Khulekani Magubane, 29 November 2012, Business Day

FRANCHISING in South Africa has grown steadily, especially in the fast-food industry, but franchises still face challenges when expanding to other African countries and globally, says First National Bank (FNB).

Franchising Leadership Summit 2020
The eighth FNB Franchise Leadership Summit was held on 3 March, showcasing the latest trends in franchising as well as sharing ideas on branding, unconventional marketing and entrepreneurism.

Setting out the grim economic scene was FNB’s consumer and property economist Siphamandla Mkhwanazi, followed by a South African multi-unit owner of one of the world’s most iconic brand names, KFC, who explained how through innovation one can continue to grow throughout the economy’s ups and downs. Burt Gunning personifies the successful multi-unit franchisee as an owner of 41 franchised units in the KFC network, with more than 1,300 staff, and is KFC Franchisee of the Year 2019.