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South African rand jumps on encouraging domestic data
The South African Rand jumped on Thursday 8 June, clinging to gains made since the start of the week on the back of a weaker US dollar and encouraging domestic data. At 1512 GMT, the Rand was trading at 18.8600 against the US dollar, more than 1.2% stronger than the previous session's closing pric ...
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The China-Africa Economic and Trade Expo (CAETE) Opens
On 29 June 2023, the third China-Africa Economic and Trade Expo (CAETE) opened in Changsha, Hunan Province, co-hosted by the Ministry of Commerce and the Hunan Provincial People's Government. Vice-President Han Zheng delivered a speech at the opening ceremony on the 29th. President Chakwera of ...
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The changing face of e-commerce for South African retailers
Online shopping in South Africa is rising rapidly, with data released by World Wide Worx and Mastercard indicating that the South African online retail market reached R55 billion in 2022, a 35% year-on-year increase. And predictions suggest that e-commerce will continue to grow by 25% in 2023 whic ...
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Technology: The Key to the Hybrid World of Retail
The way consumers shop and how retailers operate is changing as digital continues to transform the sector. For today’s hybrid shoppers, there is no distinction between digital and physical retail; instead, there is simply retail that is low-friction, engaging, and available ...
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NIQ report shows significant tactical manoeuvres by SA consumers
32% have turned to online to get better deals, save on petrol and minimize shopping trips 26% claim they only have enough money for food, shelter, and the basics Amidst a financial pressure cooker and a continued barrage of power cuts, the 2023 NIQ Consumer Outlook Report for South ...
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Trends: 10 Trends and Predictions for the South African E-commerce Industry
The question for the South African e-commerce industry is no longer whether growth will happen, but how much growth the industry will see. From almost all measurable factors, a nationwide e-commerce boom is imminent. Let's uncover the top 10 market trends and predictions for the South ...
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