Industry News
5 key tactics for your small retail business this festive season
South African retailers are needing to adapt to the needs of a fast-paced, tech-savvy and empowered consumer. This behavioural shift has meant that SMEs have to remain relevant through innovation, payment integrations and by continually meeting the needs of their target audience.
Artificial intelligence is playing a bigger role in retail … and Shoprite is leading the race
In less than three years, Shoprite has moved from having no grocery ecommerce offering to enjoying a 75% share of online grocery sales in South Africa.
FNB launches R200m Vumela fund to grow small business
Aims to funs 150 black-owned SMEs, hopes to create 1 000 jobs.
Clicks ranked the number one pharmacy brand in South Africa
Clicks Pharmacy has been recognised as the Customer Experience Winner in the Pharmacies Industry in the 2022/23 Ask Afrika Orange Index Awards. The awards were announced in Johannesburg on 3 November 2022.
Takealot Group to extend reach in towns and townships
Takealot Group, which includes South Africa’s biggest e-commerce retailer Takealot.com, is pushing further into townships and growing its new grocery partnership to defend its market share.
South African factory activity improves in October – Absa PMI
South African manufacturing activity improved in October, but rolling power cuts and a crippling strike at freight rail and ports company Transnet prevented a stronger recovery, a survey showed on Tuesday, 1 November.
‘We are from the townships, that’s our competitive edge,’ say these entrepreneurs
Hard lockdown during the Covid-19 pandemic years really showed how under-serviced the township market was when it came to food and grocery deliveries.
Boxer opens milestone 400th store
Boxer, a Discount Supermarket with roots in KZN, has opened its 400th store! The ‘community champion’ as it’s known as, has been serving shoppers for 45 years.
Mamelodi Square mall opens with rent-free space for township entrepreneurs
Mamelodi Square shopping mall opened its doors on Thursday, 27 October. Developed by rural and township property developer McCormick Property Development (MPD), in partnership with Putprop Limited, work on-site began just over 12 months ago.
4 advantages your small business has over Amazon and how to capitalise on them
Amazon is on its way to Mzansi. While many retailers may panic about losing customers to the world’s biggest one-stop-shop, small businesses can remain hopeful as they have a few advantages over retail giants.
Cotton exporter Benin developing home-grown textile industry
On a large factory floor in southwestern Benin, dozens of young people cut, stitch and assemble cotton shirts – part of a major push by the West African country to develop its textile sector.
4 ways to increase store traffic by tapping into the spirit of ubuntu
Despite the growth of e-commerce and online shopping, the vast majority of South African consumers still prefer to visit physical stores.
Survey reveals ‘huge support’ for AfCFTA
The results of the third yearly Africa CEO Trade Survey, run by the Pan-African Private Sector Trade and Investment Committee (Paftrac) and African Business magazine have shown “huge support” for the African Continental Free Trade Area (AfCFTA) and the potential benefits that it could bring, says Paftrac chairperson Professor Patrick Utomi.
3 Reasons Africa Should Be on Your Global Expansion Radar
If you want to expand your business internationally, Africa should be at the top of your list.
The Blockchain Revolution: Why Africa Needs To Pay Attention
When the average Joe hears about blockchain, he’d be forgiven for thinking “cryptos”, but there is much more to blockchain technology than the cryptocurrency market.
