The latest franchise news
A new chicken has come to roost in the richest square mile in Africa. Popeyes Louisiana Kitchen is set to open its doors in Sandton next week, but feathers are set to fly as the New Orleans-based brand muscles in on territory ruled by KFC and Chicken Licken.
With the addition and growth of several new fast-casual food options in South Africa, it’s clear that there is appetite in the country for quick meals and treats – but the tough economic climate over the past 12 months has also clearly taken its toll.Read More on Business Tech
Despite South Africa’s economy expected to face significant pressure over the coming year, franchising is one sector that has consistently shown its resilience according to Absa.
Franchising contributes almost 12.5% to South Africa's GDP but its potential lies not only in generating increased sales of products and services but also in the business-to-business opportunities that exist between them.
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Research undertaken for the South African Council of Shopping Centres (SACSC) by Christo Luüs of Ecoquant, shows a cautiously confident outlook with positive signs for the economy and improving trading conditions in 2017. This cautiously confident outlook is supported by the Reserve Bank’s business cycle indicator, which points to some improvement lined up for 2017.