YOUR MONEY: Franchising in South Africa - Part 1

In 2012, their first store opened and Gold brands Investments Limited, the parent company behind the franchise at the time, believed they had found a gap in the market. Many aspiring entrepreneurs bought into the concept. However, founder and former COO of Chesa Nyama, Stelio Nathanael and his wife former CEO, Praxia Nathanael are now being accused of business practices that enriched themselves at the expense of their franchisees, who allege they experienced major financial losses. The franchise has been sold to The Franchise Company. Wayne Dry a former Chesa Nyama Franchisee has joined us in studio together with Lindiwe Morolo who also had a bad experience with certain bakery.
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