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Driving Transformation in Franchising
SA Franchise Warehouse
|January - February 2017
Following the establishment of The Department of Small Business Development (DSBD) in 2014, it did not take them long to realise the enormously powerful mechanism franchising presents in promoting enterprise development and transformation in South Africa.
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WHEN READING THE Vision and Mission Statements of the DSBD, one realizes how suitable franchising is in realising the strategic objectives defined by the ministry.
Enterprise development, as a transformation strategy envisaged by government, faces the challenge of how to maintain efficiencies, commercial competitiveness and compliance alongside transformation. How do you transform in terms of equity and managerial and trade skill while working towards a sustainable future?
By awarding SA Franchise Warehouse (SAFW) a tender to, over the next three years, develop and engineer 15 micro business systems to become franchise ready, the DSBD confirmed that they share our view that franchising holds the key to achieving transformation in business. In terms of the project, SAFW will prepare the businesses selected for participation to be able to offer business opportunities to aspirant business owners in a manner that is compliant with franchise best practice and related legislation. In order to ensure that the micro franchisors have access to the operational support and resources necessary to maintain their obligations to their future franchisees the project also includes a post-development incubation strategy.
This process has produced its first results and we are pleased to introduce the first eight business systems to have been selected for development.
FROM THE DESK OF MZI MEMANI
The DSBD plays an important role in promoting the creation and growth of small enterprises and has implemented a variety of programmes and projects to achieve this goal.
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