Today’s Top Entrepreneurship and Business Stories (6 July)
Here Are The Winners of FASA Awards
The Franchise Association of South Africa’s Franchise Awards for Excellence in Franchising, sponsored by Sanlam honoured those franchise brands that have bucked the negative trends to show resilience and growth in these trying times. The event was held this past week-end as part of their annual Franchise Business Festival.
Commenting on the finalists and winners in the categories, Franchisor of the Year, Franchisee of the Year, Newcomer Franchisor of the Year, Franchisor: Leading Developer of Emerging Entrepreneur, Job Creator of the Year, Brand Builder of the year and Field Service Consultant of the Year – Tony Da Fonseca, FASA’s Chairman for 2017/8 and MD of the OBC Group, believes that the industry’s saving grace is the fact that, by its very nature, franchising is entrepreneurial, flexible and forward-thinking.
“Despite the on-going recession that is impacting heavily on small businesses, the franchise sector continues to be resilient and offers its franchisees a better chance of surviving the ups and downs – largely due to the strong business format and support system inherent in franchising.”
- Franchisor Of The Year Award – Car Service City
- Franchisee Of They Year Award – Madelein Van Staden of Placecol Skin Care Clinic in Pretoria
- Newcomer Franchisor Of The Year – Body20
- Franchisor: Leading Developer of Emerging Entrepreneurs – Hot Dog Cafe
- Job Creator Of The Year – Sorbet beauty salon group
- Brand Builder Of The Year – health food brand Kauai
- Best Field Service Consultant – Nanou N’sa of Hot Dog Cafe
160 Young Women Graduate From Mastercard-funded Youth Enterprise Development Programme
More than 160 out-of-school, unemployed or self-employed young women between the ages of 18 and 35 yesterday graduated from the Junior Achievement South Africa (JA South Africa) Youth Enterprise Development Programme 2017. This Mastercard-funded initiative empowers women to pursue entrepreneurial ventures of their own.
Over the 20 week programme, the women participated in theoretical and practical sessions focused on business theory, market research, financial and business management, sales and marketing, computer literacy and business funding. They also gained practical interpersonal skills and business experience by starting up and managing their own businesses.
“Entrepreneurs characteristically have ambition, determination and a flair for original ideas. However, many lack the business expertise required to develop these into commercially-viable ventures,” says Nelly Mofokeng, managing director at JA South Africa.
“A key focus of our programme is to help equip young women with the skills to launch and grow their own businesses, and instill the discipline of earning a living, saving, spending and investing.”
According to the 2017 Mastercard Index of Women Entrepreneurs, women account for only 19.1 percent of business owners in South Africa, and have a low rate of entrepreneurial activity, with only seven percent of working age women in the labour force engaged in early-stage entrepreneurial activities compared to 11.6 percent for men.
“South Africa’s resourceful women are one of its biggest assets, yet it is evident that South African women’s full potential and value as entrepreneurs and business owners are yet to be unleashed,” says Mark Elliott, division president, Mastercard Southern Africa. “The JA South Africa Programme is just one of the partnerships we have established to dismantle the structural obstacles and biases that impede female entrepreneurship so that women can play an enlarged role in South Africa’s economic growth story.”
Graduates from the programme receive a NQF level 4 Services Seta Accredited Youth Enterprise Development Certificate and the Intel Learn Easy Steps Digital Literacy Certificate, and an opportunity to participate in a six-month mentorship programme, which will provide them with additional business support while they start formal enterprises.
Standard Bank Launches Provincial, Regional House Price Indices
Standard Bank recently launched two house price indices in order to provide key insights into regional and provincial market trends across South Africa.
The Provincial House Price Index (PHPI) and Regional House Price Index (RHPI) will supplement the existing monthly National House Price Index, but provide rich data into the trends underlying residential property movements in the different regions, measuring the median prices of properties sold. The advantage of a median is that it is not unduly influenced by extreme values and outliers.
“Our Provincial House Price Index (PHPI) and Regional House Price Index (RHPI) aim to provide a more comprehensive analysis of residential property in South Africa through regional price differentiation,” explains Andrew van der Hoven, head of home loans at Standard Bank.
The PHPI Index will be released monthly, while the RHPI will be released on a quarterly basis, with the National House Price Index still available every month.
The regional HPI shows a diverse performance of property prices with the following key trends:
Johannesburg: Showed signs of recovery.
- Cape Town: Continued to outperform, although steam coming off.
- Tshwane: Solid performance, supported by strong demand from first-time buyers.
- EThekwini: Some recovery, but still under pressure. Support coming from up-market areas.
- Ekurhuleni: House prices took a knock in 2015/16, and now the trajectory points to a recovery.
- Nelson Mandela Bay: Prices are dropping rapidly, although not declining (in nominal terms) as yet. The metro is dealing with a water crisis and arguably a dysfunctional municipality.
View the Standard Bank Provincial House Price Index for May 2017.