DURBAN - Durban’s first International Franchise Expo at the weekend closed with satisfied franchisors leaving with extensive lists of potential franchisees and an undertaking for a bigger and better 2020 expo.
Speaking to guests at the launch of the expo Councillor Busi Ndlovu said eThekwini fully supported the event as small businesses formed the backbone of the economy.
The City wanted to ensure that SMME’s were included in the mainstream economy and that they grew into mainstream economic players. She also indicated that the City wanted to work with Ithala in developing SMME’s and co-operatives.
Ithala’s Deputy Chairman Siphesihle Mkhize said that forging developmental partnerships was important if Ithala was to deliver on its goals.
He said the South African franchise system had weathered the economic downturn better than other business models. The sector had grown steadily and continued to make a strong contribution to the South African GDP across its various sectors.