Jannie Rossouw, Head of Sanlam's Business Market - the main sponsor of the Franchise Association of South Africa's (FASA) Awards of Excellence - says with South Africa officially in recession and with unemployment at a staggering 14-year high of 27% - there has never been a better time for the proven blue-print concept of franchising to provide new business ventures with a greater chance of success. 'Studies show that franchises have an 80% chance of survival versus the 20 to 30% attributed to other independent business models.

There are multiple contributing factors that can make a franchise more likely to succeed than equivalent start-up entrepreneurship options. For one thing, franchisees are provided with an operating manual, giving them a recipe for success, and this is complemented by rigorous training and access to experienced resources for support.'

Sanlam Ltd. published this content on 07 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 14 July 2017 11:04:11 UTC.

Original documenthttp://www.sanlam.co.za/mediacentre/media-category/media-releases/Franchises Are Key to Employment and Economic Growth

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