As omnichannel retail momentum accelerates, the value of global e-commerce payment transactions will exceed $7.5tn by 2026, from $4.9tn in 2021, reveals a new study from Juniper Research.
Stakeholders in South Africa’s furniture sector believe the local sector has the potential to grow into a globally competitive and transformed industry, and said they’re on a mission to place locally manufactured and designed furniture into the homes, schools and workplaces of all South Africans, Africans and beyond.
The bi-annual Global Retail Development Index (GRDI), which is a study of the global retailing landscape, reveals that Africa is poised to move away from traditional retail models and become the fastest-growing, richest, and most sophisticated market in the world.
The president of the Township Economy Council South Africa (TECSA) Bheki Twala wants 2022 to be the year of the township economy. Speaking to Vutivi News, Twala, who is also the founder of TECSA, said that the same concerns remained about the lack of support for the township economy and TECSA planned on positioning itself as a role player.
Immediate priorities include finalising negotiations on rules of origin, providing a finance facility for SMEs and launching the African Trade Gateway digital platform.
Our Banking & Finance, Competition & Antitrust, Mergers & Acquisitions and Trade partners in Johannesburg outline ten reasons to turn your attention to African trade and investment opportunities in the coming year.
Celebrating the Export Excellence of Southern African Brands – Eastern Cape Development Corporation (ECDC) is pleased to announce that the Southern Africa Regional Exporters Awards will be held at the East London International Convention Centre in the Eastern Cape, South Africa on 08 December 2021.
The Heavy Chef E-commerce Entrepreneur Education Report reveals that the growth of e-commerce in South Africa has been accelerated by five years since the Covid-19 pandemic began. Interestingly, it is women leading the charge.
Pick n Pay’s Enterprise and Supplier Development programme has announced the winners in its 2021 Small Supplier of the Year awards. The annual awards recognise the retailer’s top small business suppliers for their passion, dedication and achievements over the past year.
The United Nations Conference on Trade and Development (Unctad) forecasts that global trade will reach about $28-trillion this year – an increase of 23% on 2020 levels, after stabilising in the second half of the year.
The Italian-South African Chamber of Trade and Industry (Italcham) aims to continue improving its presence in South Africa next year.
US automotive manufacturer Tesla’s South African partner, Rubicon Group brought the first Tesla Model X Performance Edition all-electric sports utility vehicle into the country to raise renewable energy’s profile in the country. Simone Liedtke, who saw a demonstration of the vehicle, tells us more.
Pep, Africa’s largest single brand retailer, has struck a deal with Loxion Kulca that will see the fashion brand’s latest collection exclusively available in Pep stores.
According to Deloitte’s latest State of the Consumer Tracker, South Africans’ priorities are shifting with additional emphasis on well-being, experiences and greater intentions to save more for the future.
Spiralling shipping costs and Covid-19 supply chain disruptions are accelerating a shift by South African retailers to end their heavy reliance on Asia and move to source products locally.