Make Your Franchise Dreams a Reality

Kagiso Enterprises Rural Private Equity Fund has launched a R10 million franchise fund designed to help black franchisees get into business.


Make Your Franchise Dreams a Reality

Owning a franchise is likened to being in business for yourself, but not by yourself. It’s one of the reasons it’s such a popular business format and why the industry is so resilient even in tough economic times.

But gathering the necessary finance can be a problem for this initially capital intensive model, which is why Kagiso Enterprises Rural Private Equity Fund (KERPEF) – a subsidiary of Kagiso Trust – launched a R10 million franchise fund designed to help black franchisees get into business.

Related: The Face of SA Franchising

The start you need

“We launched the fund with the aim of creating 100 jobs, specifically targeting black youth and women, as well as increasing the participation of black entrepreneurs in franchise business opportunities,” explains Mohlolo Selala, a senior manager at KERPEF.

The fund has already exceeded its target, creating more than 130 job opportunities with black entrepreneurs owning or being mentored to run businesses to date.

To find out more about the fund, visit http://kagiso.co.za/projects/kerpef

Tracy Lee Nicol
About the Author
Tracy-Lee Nicol is the managing editor of Franchise Zone Magazine and deputy editor of Entrepreneur Magazine. She studied her Masters degree in Art History and Visual Culture at Rhodes University and spent the next two years working and travelling in Asia. Her love of people, business and teaching is reflected in telling the stories of entrepreneurs, franchisees and franchisors, inspiring others to take the leap to being their own boss and bringing about positive change in South Africa.

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