First National Bank is New Sponsor of Whichfranchise South Africa
FNB Franchise division is proud to be the new headline sponsor of the whichfranchise.co.za website. The website has been growing from strength to strength and is South Africa’s premier online franchise information portal. FNB supports the franchising sector as a vehicle for entrepreneurial development, job creation and economic growth. Our x2in5 initiative, in cooperation with Franchising Plus and FASA, is aimed at doubling the sector within five years. We believe this is possible through a concerted effort by all stakeholders, including government and the media.
One of the key objectives of the x2in5 initiative is the education of potential franchisees. The whichfranchise website makes a vast contribution to this effort by providing up to date information on franchise opportunities, the franchise environment and guidance on the assessment of a franchise. Doing proper research is essential for potential franchisees and we believe whichfranchise provides the tools to do so, says Riaan Fouch, Head of Franchising at FNB Commercial.
FNB will be providing helpful information on the financing of franchises. Our toolkit for franchisees includes a business plan template, cash flow template and our application form, which outlines our requirements to assess applications. We will be providing updated information on the economic outlook, new products and events.
For more information on FNB Franchise division and our application process,