PRO TIP TOPIC: There are many franchises out there and you wouldn’t want to invest in the wrong one

TOPIC: There are many franchises out there and you wouldn’t want to invest in the wrong one, let’s look into everything you need to know before buying a franchise… GUEST: Chief Executive Officer at Franchise Association of South Africa, Fred Makgato. PLOT: You only have to drive down the main road in any South African town to see that franchises are big business in the country. And that’s understandable – you can buy one in almost any industry, from funeral parlours to fast food, beauty salons to automotive services. The idea is that the franchisor, such as McDonald’s, Nando’s or Debonairs – which already has a strong brand and customer base – enters into an agreement with you, the franchisee, so that you can open and own a branch, too. In exchange, you will pay certain fees.