FABASA is an Association Incorporated under section 21. (Registration no: 2011/008220/08). FABASA fills a much needed void in helping FOBs (Family Owned Businesses). Its mandate includes corporate governance and best practices, and assistance with succession planning, given that a staggering 70% of all first-generation family-owned businesses fail in their efforts to hand over to the second generation. FABASA offers practical solutions to family businesses, while also highlighting effective strategies to manage their businesses towards profitability and prosperity. Members will have ongoing access to the latest research. Members will receive regular electronic newsletters with the latest advice and international trends affecting this sector and also training workshops and conferences as and when the need arises. FABASA also offers access to accredited family business consultants and other appropriate service providers.