Homegrown meets international in SA’s franchising mixFranchising 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 ...
Philemon Shiburi, Doves Franchisee, MokopaneName: 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 ...
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 ...