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SA's love of franchises grows

By unknown | Mar 07, 2007 | COMMENTS [ 0 ]

Staff Reporter

Staff Reporter

Franchised fast food and restaurant chains in South Africa have experienced rapid and buoyant growth recently thanks to increased consumer spending as well as their need for convenience, according to the latest Standard Bank Franchise Factor survey.

The report found that fast food chains had grown at an average of 12 units yearly, and four new franchised restaurants are opened every year. There are now 64 fast food franchised operations and 68 restaurant chains said Bendeta Gordon, director of Franchise Directions, who conducted the survey.

Combined, the two sectors employ about 114800 people.

"Employment numbers of this nature demonstrate how vital fast food franchised chains are to creating job opportunities," said Frank Orchard, head of specialist business units at Standard Bank.


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