Industry News
Safi target: By 2025, 50% of furniture sold in retail should be made in SA
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.
TFG to beef up local manufacturing
Fashion retailer TFG wants to locally manufacture 30 million pieces of clothing a year within four years as it increasingly turns away from global supply chains, its CEO said after the company swung to a half-year headline profit.
5 ways SMMEs can become competitive in e-commerce
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.
Local manufacture of army’s new uniforms will create jobs
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.
Are you ready for what’s next? Redefine what’s possible with smarter business approaches
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.
Changes in shopping trends here to stay post-Covid
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.
Google to Start Funding African Startups
CEO Sundar Pichai said his company will invest $1 billion in Africa over five years to build a subsea internet cable to support non-profits, and fund businesses.
Trade activity recovering at moderate pace but remains below neutral level
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.
Signs of recovery: FNB records upswing in consumer spending
FNB card data reveals that consumer spending is recovering better than expected in most categories, with eased lockdown likely to boost it even further.
4 important factors influencing the retail landscape today
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.
E-commerce becoming the new normal for consumers, businesses – FNB
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.
Sound engineer makes charcoal from agricultural waste. He now supplies Pick n Pay.
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.
Gauteng Growth and Development Agency highlights role of AfCFTA in eliminating poverty
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.
SA manufacturing production up 35.3% in May
South African manufacturing production increased by 35.3% in May 2021 compared with May 2020.
Coca-Cola digital delivery centre planned for Johannesburg
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.
