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GRAPEVINE NEWS

  • Homegrown meets international in SA’s franchising mix global vs localFranchising is one of the most global of market models, yet South Africa differs from that trend in that a high proportion of franchise brands in South Africa are homegrown. This is primarily due to sanctions against South Africa prior to 1993. Since then, there has been a noticeable increase in the number of international brands entering the South African ...

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FRANCHISE SUCCESS STORIES

  • Philemon Shiburi, Doves Franchisee, Mokopane doves-mokapaneName: Philemon Fanyane Shiburi
    Franchise name: Doves Franchise
    Location of franchise: 41 Pretorius street, Mokopane
    1. Why did you go down the franchise route?
    I ran many projects in Numsa and the investment company and never failed and I had confidence that this one will also succeed
    2. Why did you choose your franchise?
    It is well situated in the area where I have strong support and ...

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EXPERT ADVICE

  • Franchise finance – how your credit record affects your loan application  If you’re wondering whether you would qualify for a bank loan to purchase a franchise, this article is aimed at you.
     Lenders look for a few specific things in a franchisee
    A bank would look at the strength of the franchise brand and business model, even before they look at the prospective franchisee. If an institution is going to lend money ...

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