South Africa’s first major consignment of lemons headed to China under a new trade protocol was loaded for export at the Maydon Wharf Fruit Terminal at Durban port on Thursday.
In the aftermath of various lockdowns that led to divestments, delays in expansion plans and in some cases, bankruptcy, the crisis also offered new opportunities to existing and new players to improve their market penetration across the African retailing landscape.
Kenyan-based mobile commerce platform and goods distributor Copia Global has raised $50m from investors to fund its expansion into the rest of Africa, the firm said on Thursday.
Authentic Brands Group has appointed Bounty Apparel as the sole distributor for Reebok in South Africa and countries within the SADC. This follows the recent €2.1bn ($2.46bn) takeover of Reebok by Authentic Brands from Adidas, which aims to focus on its core brand instead.
Wesgro’s Cape Trade Portal, supported by the ‘Made in the Cape’ digital brand marketing campaign – in partnership with Western Cape Government and the City of Cape Town – was officially launched on 3 February 2022, and is set to aid local exporters in expanding their global footprint, as well as strengthen the Cape brand identity across global markets with an initial priority focus on the province’s top export market – the United Kingdom.
JSE-listed Pepkor, which owns retail brands including Pep, Ackermans and Incredible Connection, has acquired Brazilian value retailer, Avenida, effective from 4 February 2022. Pepkor, which is Southern Africa’s largest retailer by store footprint, plans to significantly grow Avenida’s presence in Brazil.
Sixteen talented entrepreneurs have been selected from Cameroon, Ethiopia, Ghana, Kenya, Nigeria, South Africa, The Republic of the Congo, Togo and Uganda.
Half the shortlist are women, including mechanical, electric, materials and software engineers.
Shortlist will compete for the £25,000 Africa Prize for Engineering Innovation.
With its target of having a fully transparent and traceable supply chain by 2025, Woolworths Holdings Limited has become the first major South African retailer to publish a list of suppliers that manufacture its Fashion, Beauty and Home products.
The UAE has announced the resumption of arrivals from several countries in Africa
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.