New startup Rentoza is Africa's first on-demand rental platform. Started by a group of 4 South Africans convinced the stuff hiding in the bottom of their cupboards and garages should be paying rent for taking up so much space - stuff that they didn't want to sell because they might...
It’s clear that the Coronavirus has changed the landscape for FMCGs (Fast-moving consumer goods) – in some ways permanently. However, despite its similarities, the impact has not been the same across its subsectors and through the supply chain. Itumeleng Merafe, Head of Interest Rate Structuring at Investec says that “the...
As South Africa imposed necessary restrictions on social distancing in March, three-quarters of South African consumers (75 per cent) say they are now using contactless payments, citing safety and cleanliness as key drivers. Consumer polling by Mastercard, studying changing consumer behaviours in 19 countries around the world, paints a picture...
Online retail giant, Amazon had 4.06 billion unique visitors in March - this according to data gathered by Learnbonds.com. And while it's unsurprising that more and more people are choosing to shop online as a result of the COVID-19 pandemic, it is worth noting that Amazon racked up more...
African digital payments company, DPO Group, has launched an e-commerce store that is powered by Mastercard’s payments gateway technology. Through this platform, DPO hopes merchants across Africa will be able to swiftly move their businesses online and continue to trade with their customers. The end to end e-commerce solution, called...
As the country enters into its fourth week of lockdown, South African consumers have embraced the concept of online shopping – not only for themselves but also to assist the many families who are in desperate need of financial relief during the COVID-19 crisis. This is according to Matthew Leighton,...
The COVID-19 worldwide pandemic has governments putting their countries under strict lockdown measures, and this has caused severe delays and logistical issues leading to worldwide PC shipments falling by 8%, says The Guardian Nigeria via the technology market analyst firm Canalys. This comes as the demand for PCs has surged...
The world is reeling from the impact of the novel coronavirus, companies are suffering from cuts in profits and thousands of employees are forced home. However, what seems like a desperate moment in history can actually be turned into a great opportunity. Why, you might ask? The answer is simple,...
In February, it was learned that DionWired stores were bleeding money for their parent company, Massmart - this came just weeks after Massmart's January announcement that the stores would be closing. The initial statement from Massmart read “the Massmart Group has recently conducted a store optimisation project that highlighted a...
Apple is facing more than a 60% drop in iPhone shipments as a result of the Coronavirus outbreak, according to the China Academy of Information and Communications Technology (CAICT). The tech heavyweight already announced in mid-February that it wouldn't meet its revenue guidance for this quarter because of planned cuts in...
Amazon - the biggest online eCommerce platform in the world - is selling its impressive "Just Walk Out" technology system to several brick-and-mortar retailers, reports The Verge. And although there is no word on exactly which retailers have already acquired the system, Amazon is also set to launch a website...
Massmart JSE-listed South African branch of Walmart and owner of Game, DionWired and Makro stores, reported a $110 million turnaround in its profits in 2019, plunging to a net loss of $55 million. By all accounts and measures applied to retailers, these results up to 29 December 2019 were...
Africa stands on the precipice of emerging technologies and innovation in response to decades of hardship and frustration. Amongst those innovations are those in the AI sphere, with African developers and innovators finding unique and lucrative ways to make the lives of clients and customers easier. Here are 5 ways AI...
PAYFORT and valU have teamed up to offer online shoppers in Egypt another checkout method. The partnership - which was announced on Monday, 24 February 2020 - will give consumers the option to 'buy now, pay later'. According to valU, consumers can access 3-60 months instalment options for online purchases. “We...
Africa's 'answer to Amazon', Jumia is struggling to bounce back in 2020 after messy NYSE listing followed by the decision to pull out from two African countries, Tanzania and Cameroon. The eCommerce company, that now only operates in 12 African countries, has had to face local markets that are filled-to-the-brim...
The retail sector has arguably been one of the most heavily affected by the global shift toward digital everything. The rise of eCommerce means customers are no longer visiting physical stores the way they did. They now have a literal world of shopping options at their fingertips thanks to...
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