The Western Cape’s investment tycoons have seen billions of Rands in value wiped away by treacherous economic and political developments at home and abroad. Investors, of late, have endured tough times with the political will to grow a very sluggish local economy alarmingly absent.
PEP recently celebrated the opening of its 2000th store in Southern Africa. Since the first store was opened in 1965 by its founder Renier van Rooyen, PEP has enabled its remarkable customers , who on a very small budget make it possible for their families to live with dignity and pride, to find affordable clothing, footwear, home, cellular and financial services products in almost every town in Southern Africa.
The franchise industry has seen growth locally which has largely been influenced by global trends. According to a recent survey by Franchise Association of South Africa (FASA) 15% of franchise operations are based in the Western Cape and 41% are based in Johannesburg.
RESTAURANT franchise specialist, Spur Corporation, has enjoyed enduring success with its flagship Spur family eateries.
Many people think that opening a franchise is the quick, easy way to make a good buck as research proves that franchised businesses have an 80% chance of survival compared to 20 – 30% of self-governed businesses.