The Franchise Association of South Africa’s (FASA) annual Awards for Excellence in Franchising recognise the top achievers in the industry and highlight the success of franchising as a business model for growth and entrepreneurship. The awards were held during Franchise Week, which included a Franchise Convention and incorporated the International Franchise Expo.
FASA's Chairman Thulani Cele believes that franchising, which has weathered the economic storm far better than independent businesses, has turned the corner and is set for renewed growth. "Despite the economic downturn franchising continues to be a dominant business format as far as SME development is concerned. Across the globe small business is recognised as the safety net of any economy and franchising is proving to be quite resilient even in this economic climate."
The results of the FASA Awards reflects franchising's resilience and innovation with new concepts continually being launched and well- known franchises actively growing their brands and consumer footprint. The franchise sector contributes 12.57% to GDP, contributing R256-billion to the economy through its 28 620 outlets, which employs an estimated 460 000 people - the largest contributor to job creation. (Statistics courtesy of the Standard Bank Franchise Factor 2008)
Franchisee of the Year : Steven Dally of DoRego's
DoRego's has a target market in the LSM four to six categories and most of their outlets are in commuter areas and taxi ranks. It is suited to local entrepreneurs who are well known and respected in their communities. Because the black community associates strongly with the DoRego's brand, more black entrepreneurs are attracted as franchisees.
With 30% of their franchisees black and 10% women, DoRego's is committed to the creation and development of an enabling environment for effective black economic empowerment within the franchise. Their plans include helping develop and nurture rural communities by improving the communities and funding black franchisees in these areas. New franchisees are trained in-store with an appointed mentor, are helped in finding a site, given financial guidance, mentoring and provided with ongoing training.