Franchising is gaining increasing importance in the creation of small business opportunities, not only in South Africa but also internationally. Statistics relating to the economic contribution of the franchise sector on a global level are staggering with the United States, for example, anticipating half of its retail economy will constitute franchise-originated sales by 2010.

In South Africa, with our consistent economic change, we must acknowledge the considerable importance of the franchise sector as not only a means of empowerment, but also as a mechanism for the transfer of skills and knowledge.

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