Franchisee ownership improves in 2023, with black ownership showing an increase of 10%.
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GUEST – Fred Makgato, CEO of Franchise Association SA
The number of franchise systems dropped from 813 in 2019 to 727 in 2023 – clearly attributed to the disruptions of the past four years which put the break on new concepts coming on line and perhaps in the closing of smaller fledgling concepts that could not get off the ground during the pandemic.
Female ownership remained steady at 30% in 2023, possibly due to the multiple roles women had to play over the past four years, especially during Covid which may have restricted their entrepreneurial ambitions.
The number of franchise systems dropped from 813 in 2019 to 727 in 2023 – clearly attributed to the disruptions of the past four years which put the break on new concepts coming on line and perhaps in the closing of smaller fledgling concepts that could not get off the ground during the pandemic.
Female ownership remained steady at 30% in 2023, possibly due to the multiple roles women had to play over the past four years, especially during Covid which may have restricted their entrepreneurial ambitions.
