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.
A few years ago, the majority of South Africans had never made a single purchase online. Today, the local e-commerce market has experienced a massive boom as lockdown restrictions aimed at curbing the spread of Covid-19, made online shopping feel like the safer, and sometimes the only, option for consumers.
The decision to manufacture new uniforms for the South African National Defence Force (Sandf) entirely in South Africa will create much-needed jobs in the textile and clothing industry, says the Textile Federation.
Globally, businesses are experiencing a deep level of disruption. While some have closed down, others continue to fail dismally and others, are thriving in the face of innovation. The difference? Agility and resilience to redefine what is possible.
As an extension of its consulting work, NielsenIQ Bases released its findings on the 2021 Bases Top Breakthrough Innovations winners and three key themes that contributed to their success: overcoming pre-conceived notions; encouraging consumers to operate differently; and delivering a bundle to elevate the value equation.
The South African Chamber of Commerce and Industry (Sacci) says the momentum in trade conditions that was temporarily interrupted in July appears to be recovering, although at a moderate pace, and the Trade Activity Index (TAI) remained in negative territory at 39 points for September.
FNB card data reveals that consumer spending is recovering better than expected in most categories, with eased lockdown likely to boost it even further.
The retail industry has been in a transitional stage since before the onset of the pandemic. If anything, the pandemic has accelerated retailers’ adoption of digitalisation.
New data from FNB shows that South African e-commerce growth has continued to build on the momentum spurred by the Covid-19 hard lockdown with more consumers embracing online shopping and numerous brands heavily investing in their digital presence.
Given Ngwamba is a qualified sound engineer who, for several years, struggled to find a job. Then he started making charcoal – which has now found its way on to the shelves of his local Pick n Pay.
According to the Gauteng Growth and Development Agency (GGDA), the African Continental Free Trade Agreement (AfCFTA) will create one of the largest free trade areas in the world, connecting 55 countries in Africa with a combined gross domestic product (GDP) valued at $3.4tn.
South Africa is set to be home to Coca-Cola’s next digital delivery hub, as the beverage company continues to invest in the digital transformation of its global digital network.