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Everything you need to know before buying a franchise

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The advent of COVID-19 has led to people losing their jobs and seeking ways of securing their financial future against the current disruptions. Rather than wait for employment opportunities, people are taking matters into their own hands.

Big franchise brands are not better during the COVID-19 pandemic

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The weaknesses inherent in franchised businesses and the health of relationships between franchisor and franchisees are being revealed as the COVID-19 pandemic unfolds. Excessive reliance on retail infrastructure, insufficient investment in digitisation and poor delivery capability is severely impacting franchised networks. 

Constitutional court gives hefty SARS blow to franchise Industry

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Talk about bad timing. The Constitutional Court on 21 July 2020, after some 250 days of deliberation, decided that the way in which many franchise operators have been claiming their tax expenses does not rank for tax relief. SARS must be extremely pleased with the win, only the 4th ever tax related judgement delivered by the Constitutional Court since its inception.

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