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 SOUTH AFRICA
FRANCHISE NEWS ARCHIVE
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: Current
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Sasol franchisees get sizeable BEE stake. The owners and employees of Sasol's franchised retail outlets have emerged as a sizeable block of shareholders in the petrochemical group's recently unveiled R25.9 billion black economic empowerment (BEE) deal. .... [more]
29/4/08
Fast-food group has taste for jewellery. ALTX-listed fast-food franchiser Taste Holdings said yesterday it was moving beyond just having interests in the food services sector and was set to acquire jewellery chain NWJ Holdings for R120m. .... [more]
10/4/08
Spur Deal Ends UK Franchise Legal Dispute. Restaurant franchise group Spur had signed an agreement giving it all future franchise rights for the UK and Ireland and ending a legal dispute with the group that owned the master franchise rights there. .... [more]
1/4/08
Meet the original soul man. In the late 1960’s, there were no fast food outlets where you could buy hot wings and this was George Sombonos inspiration to start his fried chicken business. .... [more]
25/3/08
Alive and very well, especially for BEE. Franchising is a successful business model in terms of being able to deliver the growth needed in small business development in South Africa. In addition, Standard Bank head of franchising Frank Orchard commented that franchisers had recognised the value of reflecting the demographics of a country when they expanded. .... [more]
23/3/08
Spur Trims Fat to Spare Customers' Bacon. Family restaurant group Spur said rising food costs were placing pressure on its margins as it was not able to fully pass on increased costs to customers. .... [more]
29/2/08
Franchise opportunities offer a leg up for entrepreneurial spirit - if you're not too independent. In South Africa, franchising contributes about 12 percent to the gross domestic product and employs 412 428 people. And it's not all McDonald's and KFC: a quick look through the Franchise Association of Southern Africa yearbook reveals a surprisingly diverse range of business concepts, from fast food to retail and beyond. .... [more]
28/2/08
FOCUS Brands announces international developments. Focus Brands Inc. has announced the opening of several Schlotzsky’s locations in Saudi Arabia, Kuwait, South Africa and Jordan, set to take place throughout the year. .... [more]
15/2/08
Pick n Pay to cut power consumption by 20% Pick n Pay is well-equipped to deal with the effects of load-shedding, with most major stores having their own generators to protect the cold chain and run tills, lights and security. But the company believes that what is more important is the national role it has to play by significantly cutting back on its own electricity usage. .... [more]
30/1/08
Truworths bucks trend of sales fall. Fashion retailer Truworths has bucked the declining clothing sales trend, squeezing out real growth in volume sales and lifting its share price nearly 6 percent on Friday. .... [more]
21/1/08
Famous Brands buys Cape Franchising. Food services group Famous Brands said on Friday that its has successfully completed the final phase in the process of acquiring all master licenses in South Africa having entered into an agreement for the purchase of the business of Cape Franchising. .... [more]
16/11/07
Pick 'n Pay to change its brand. Grocer retailer Pick 'n Pay is to spend R110-million to change its brand identity and introduce and repackage most of its product lines, it said on Monday. .... [more]
12/11/07
Some fast food franchises drag their feet on BEE. Despite many black people owning franchises in the quick service restaurant sector, holding companies have not transformed at the ownership level as most of them do not have empowerment partners. .... [more]
7/11/07
Slow franchise sales limit Taste. Taste Holdings' interim profit growth was below expectations as it had sold fewer Maxi's and Scooters Pizza outlets, the takeaway franchisor said yesterday. .... [more]
1/11/07
Franchises awarded for growing their brands, lending a development hand. King Pie was named franchisor of the year at the Franchise Association of Southern Africa (Fasa) awards event at Caesar's Palace in Johannesburg last weekend. .... [more]
1/11/07
Scooters Pizza notches up another FASA win. The Franchise Association of South Africa (FASA) held its annual awards evening last week and for the third time Scooters Pizza won the award for Brand Builder of the Year. .... [more]
30/10/07
Famous Brands lifts margins despite undercutting inflation. Famous Brands lifted first-half operating margins to record highs despite keeping selling price increases well below the food inflation rate, the takeaway franchiser said yesterday. .... [more]
30/10/07
Retsol director rewarded with franchise award. Craig MacKenzie, director of Retsol, was honoured as the Franchise Personality of the Year 2007 at the Franchise Association of Southern Africa (FASA) awards last night. .... [more]
29/10/07
Pick 'n Pay shows its hand. Pick ‘n Pay announced that it had concluded negotiations with SACCAWU, paving the way for the creation of 80 new Pick ‘n Pay franchise stores, to be converted from Score, its underperforming subsidiary. .... [more]
25/10/07
South African retailer enters Kenyan market. South African retailer Mr Price launches in the Kenyan market this morning having clinched a franchise partnership with Deacons Kenya. .... [more]
24/10/07
Retail franchise operations core to the franchise mix. Retail franchising in South Africa has achieved store and turnover growth of almost 10% since February 2006 and turnover growth of 21%. It is the second largest contributor to the local franchise mix, after the fast food and restaurant sectors. .... [more]
16/10/07
There is still no BEE on Spur's menu. Cape-based restaurant franchisor Spur Corporation is still short of that vital Black Economic Empowerment ingredient. .... [more]
15/10/07
Cafe customers flocking to the forecourts. According to Nyasha Mugadza, BP’s national convenience manager, convenience shopping is one of the drivers spurring the boom in the franchising sector, to which forecourt C-stores contribute almost half of the total revenue. .... [more]
12/10/07
‘Conman’ held over franchises. Stelio Nathaniel, the chief executive of Prop Holdings, was arrested last week Tuesday for allegedly defrauding unsuspecting franchisees of thousands of rands. .... [more]
25/9/07
Pick ’n Pay still the leader. Pick ’n Pay still has the largest market share among food retailers despite losing some ground in recent years, market research by Absa Asset Management shows. .... [more]
25/9/07
Piatto grows with black franchisees. Piatto Mediterranean Kitchen had struck a deal with the Industrial Development Corporation (IDC) to provide five black economic empowerment (BEE) franchisees with their own outlets, financial director Pano Economou said yesterday. .... [more]
20/9/07
British coffee shop mag launches in SA. October 2007 sees the launch in South Africa of UK franchising concept The Snippet, a free weekly publication that is distributed to coffee shops, cafés, restaurants, hairdressers, business centres and other places that people wait. .... [more]
11/9/07
Home-grown food too pricy, says Spur. Family restaurant franchise Spur Group would seek to source a higher proportion of stock internationally in a move to counter higher local food prices, it said yesterday. .... [more]
7/9/07
Prickly issues at P'nPs Score. Cape-based supermarket giant Pick ‘n Pay’s hassles in Australia have been well documented, but now there appears a little problem is developing at home. .... [more]
29/8/07
Chicken Licken may do an empowerment deal when it lists. Chicken Licken would sell a portion of its business to either the public or a black economic empowerment (BEE) partner when it listed on the JSE in about 15 months. .... [more]
22/8/07
Fast food outlets feel rate hike pinch. Fast food franchise companies are feeling the pinch of interest rate and food price hikes with rising input costs, a drop in spending per customer and a fall in the number of customers. .... [more]
16/7/07
Unions to fight Pick 'n Pay franchising of Score stores. Trade union representatives will today formally oppose a black economic empowerment (BEE) plan to franchise supermarkets in Pick 'n Pay Stores' loss making Score chain. .... [more]
26/6/07
Famous Brands and Coffee Contact end six-month marriage. Just six months after Famous Brands acquired Coffee Contact with the intention of dropping AVI as a coffee supplier, the restaurant group has sold the business to AVI. .... [more]
22/6/07
Pick 'n Pay in throes of change. Pick 'n Pay is in the throes of change. Speaking at the retail group's annual general meeting on Thursday morning, chairperson Raymond Ackerman said the company was undergoing a complete review of its operations. .... [more]
14/6/07
Gourmet coffee brand launches in SA. Despite sounding like the hot new jeans outfit with a Marilyn Monroe twist, Gloria Jean's is a global gourmet coffee franchise brand newly launched in South Africa. ....
[more]
30/5/07
Workshops unpack new BEE codes for franchising industry. In a committed bid to empower franchisors to assist their franchisees work towards BBBEE compliance, Standard Bank in conjunction with the Franchising Association of South Africa (FASA), have sponsored workshops on 24 and 30 May. ....
[more]
23/5/07
Exclusive gym for women franchise makes a model mark. In the less than 18 months since Shapes for Women opened its first franchise, the female exclusive gym group has sold more than 31 franchises, 23 of which are already open. ....
[more]
23/5/07
The first Write Co franchise goes to... Sarah Bullen, publisher of the kulula.comic, best-selling author of Hey Baby (Oshun) and longstanding Writers Write facilitator, has purchased the first Write Co franchise. .... [more]
16/5/07
Famous Brands recipe for UK. Listed fast-food franchise Famous Brands said it aimed to use its recent UK acquisition as a springboard to launch other brands there. .... [more]
15/5/07
Try franchising as your way to get into business world. “One of the most effective and easily accessible ways of starting an independent business is to buy into a franchise chain,” says Peter Schwandt, area manager for Business Partners. .... [more]
14/5/07
Fresh take boosts Famous Brands. South African franchisor Famous Brands on Monday reported a 35 percent increase in fully diluted headline earnings per share of 106.3 cents for the year ended February from 78.7 cents a year ago. .... [more]
14/5/07
Franchise industry enters new phase. Leaders from South Africa’s franchise industry agree the industry has reached a new stage and appropriate planning should be done to ensure the next phase in the industry’s development achieves what the country needs. .... [more]
9/5/07
Project to create 20 franchisors a year. The Franchising Association of Southern Africa (FASA) would launch a programme for potential franchisors in townships and rural areas within two months. .... [more]
9/5/07
Spur moves ahead in UK despite legal dispute. Spur is going ahead with its plans to open restaurants in the UK, despite being embroiled in a legal dispute with its former partner, Trinity Leisure, over who holds the master franchise to the brand in the UK and Ireland. .... [more]
7/5/07
Aim to boost SA franchises. The Franchising Association of Southern Africa (Fasa) will, in mid-2007, be launching a project aimed at increasing the number of South African franchise concepts available. .... [more]
1/5/07
Pick 'n Pay says no to private equity route. Raymond Ackerman, the chairman and founder of Pick 'n Pay Stores,
has rejected offers from three private equity firms wanting to buy
the company. .... [more]
26/4/07
Pick 'n Pay fills up shareholders' baskets . Johannesburg
- South African retailer Pick n Pay on Tuesday reported an 11 percent
increase in diluted headline earnings per share to 160.79 cents for
the year ended February from 144.92 cents a year ago. .... [more]
24/4/07
Shapes for Women aims to open 40 new outlets by end of next year. Shapes for Women, a franchise system of women-only gyms, is planning to open a further 40 outlets by the end of next year to capture a growing market of women who do not enjoy the testosterone climate of conventional gyms. .... [more]
26/3/07
Franchisor plans to grow emerging entrepreneurs. The Franchise Association of SA (Fasa) yesterday launched an emerging franchisor initiative for prospective franchisees and small business owners. .... [more]
16/3/07
Old Mutual offers financial franchise opportunities. Old Mutual is looking for entrepreneurs with life industry and investment experience who want to start their own financial franchise businesses. .... [more]
16/3/07
Famous Brands goes coffee mad. Famous Brands said on Friday it would acquire 100 percent of the equity in Coffee Contact. .... [more]
9/3/07
Franchise Business Innovations launches franchise system Mobile Butchery. Franchise Business Innovations (Pty) Ltd, a company owned by businessman and entrepreneur, Johnny Sexwale and his partner Adriano de Moura, are launching an innovative franchise system, Mobile Butchery. .... [more]
8/3/07
Fast foods franchise appetite grows. Fast food chains in South Africa have grown at an average of 12 units annually, with 4 new restaurants opening per year. .... [more]
6/3/07
Badminton hints at Pick 'n Pay challenges. Pick 'n Pay Stores was re-evaluating its entire business to confront the challenges it faced, Nick Badminton, the new chief executive of the country's largest supermarket group, said yesterday. .... [more]
2/3/07
Pick ’n Pay appoints new CEO. Nick Badminton has been appointed CEO of Pick ’n Pay and appointed to the company’s board. .... [more]
1/3/07
Famous Brands buys British Wimpy chain. Fast Food company Famous Brands said today it had bought 75% of Wimpy UK for £3m and would invest an extra £2m in the brand. .... [more]
27/2/07
Small business survival may rest in franchising. The survival of the small businessperson in a township and rural areas could rest on franchising. .... [more]
23/2/07
Pick ‘n Pay scotches Fruit & Veg deal. Pick ’n Pay will axe its planned takeover of grocer Fruit & Veg City after a watchdog ruling against the deal, the two companies said today. .... [more]
20/2/07
Fast foods the new success story. The food franchise industry is experiencing a boom after a long period of stagnation, according to a recent study by franchise consultants Franchize Directions. .... [more]
14/2/07
Pick 'n Pay deal limits competition. South Africa's Competition Commission has recommended that retailer Pick 'n Pay should be prohibited from acquiring Fruit & Veg City. .... [more]
31/1/07
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