Shopping malls have created competition for small township business, the Bureau of Market Research (BMR) of the University of South Africa (Unisa) has found.
Large shopping malls had been developed, or were under construction or in the planning phase in almost all township areas with sizeable population numbers, the BMR said in a statement on Sunday.
“This development has resulted in heightened competition for small township businesses with a potential risk of considerable consumer expenditure displacement away from them to national chains and franchise businesses in the new shopping complexes,” the BMR said.
June 17th, 2010 at 7:04 am
the franchising business is actually good specially if the product for franchise is well known.;”~
July 20th, 2010 at 1:08 am
Franchising business is good but some franchise needs some cold hard capital to start with.”*-