South Africa
The South African franchise industry currently employs more than 300,000 workers and has grown in distribution size to more than 20,000 branches countrywide. This makes the advancement of the South African franchising industry a major point of interest for the South African Government in terms of its priorities of national job creation and poverty alleviation. With an 85 percent success rate and an average 18-month break-even point for new franchise investors, franchising has become the preferred investment option for business entrepreneurs with access to business investment funds. Financial institutions in South Africa have realized the value of supporting and funding new franchises by making capital and start-up funds much more accessible to entrepreneurs than in the previous five years.
| Total Population: | 49,052,489 |
GDP Per Capita: | $10,300 USD |
| Year | Number of Seniors 65+ | Percentage of Population |
|---|---|---|
| 2010 | 2,637,977 |
5.4% |
| 2025 | 4,109,111 |
8.5% |
| 2050 | 5,620,963 |
11.2% |
My first client was 89-years-old, and I ended up staying with her 24/7 until she passed away at the age of 92. I used to read the Bible to her, and we sang songs together because she used to be a choir director at her church. She wanted me to sing her favorite song – 'The Old Rugged Cross' – at her funeral. I did. I was with her when she took her last breath. It was such a sacred moment. I’ll never forget it. It just cemented this whole career for me and made me realize this was what I wanted to do.
Karen Stevens, 2009 RightCare Winner