The newly designed Vodacom World officially launches today, Friday 07 December 2018. For six months, Vodacom worked on reinventing Vodacom World and now the facility offers new and exciting technologies. Inside the new facility, there is a Vodacom Shop as well as retail space. There is an Internet of Things (IoT) section where customers can [&hellip...
December 6, 2018 •
Retail •
Fundi Maseko •
Comments Off on South African smaller merchants are cashing in online
Despite the lackluster macro-economic indicators, South African tenacity showed itself once again as retailers – especially smaller stores – cashed in on the online space over the Black Friday and Cyber Monday weekend says Payment Service Provider, DPO...
According to BankservAfrica, Debit and credit card transactions reached 4.8 million during this year’s Black Friday. This represents a 4% year-on-year growth on 2017’s 4.7 million. BankservAfrica’s figures, which covers all in-store card transactions...
December 4, 2018 •
Retail •
Fundi Maseko •
Comments Off on Retailers have no choice but to chase customer experience
Traditional brick-and-mortar retailers have no chance of surviving the onslaught from e-commerce unless they invest in their customer experience, says redPanda Software Group CEO Gareth Hawkey. If traditional retailers take on e-commerce providers at their...
November 27, 2018 •
Retail •
Fundi Maseko •
Comments Off on Average value per transaction on Black Friday declined compared to last year
According to data from instant EFT payment provider i-Pay, the Rand value from Black Friday sales this year grew by more than a thousand percent over 2016 figures. “At face value, e-tailers have experienced the highest volume of sales on record for...
Takealot.com, South African online retailer, saw a record number of visitors to its site on Black Friday 2018. The annual Takealot Blue Dot Sale went live at 12:01 on Black Friday morning and generated more than R11,5 million worth of transactions in the...
Even though local retailers braced themselves for Black Friday, the onslaught on systems still resulted in all the major payment mechanisms buckling under the pressure. Once again instant EFT payment provider i-Pay has remained completely available and stable...
November 23, 2018 •
Retail •
Fundi Maseko •
Comments Off on The impact of hyper-availability on e-tailing
South African e-tailers are experiencing a surge in customers thanks to the convenience and pervasiveness of mobile devices supporting online shopping apps. With people expecting a seamless customer experience between an app, online store, and fulfilment of...
It’s November! The season for crazy looking ‘Mo’s’ and pre-festive season shopping deals. Of particular interest is Black Friday, the fourth Friday in the month when retailers offer consumers bargain deals. This is something that is gaining more and...
November 22, 2018 •
Features, Retail, Top Stories •
Neo Sesinye •
Comments Off on “We need economic growth to stimulate retail sales in Africa” – Grant Morgan
Black Friday has quickly become a major retail campaign in South Africa, particularly for online stores. Last year, overall sales spiked by almost 2600% on the day. But online retailers in particular encountered major issues with website uptime or payment...
Over the course of a decade or so, the retail industry has seen a massive shift towards the adoption of technologies that add value to the evolving customer journey, and the innovation of products and services. Under the theme “Harnessing Digital...
South Africa’s e-Commerce will get a major boost on Black Friday and Cyber Monday as consumers are increasingly becoming aware of the convenience of online shopping to avoid the long queues, says FNB. Last year, FNB processed an average of over 800 000 card...
November 21, 2018 •
Retail, Top Stories •
Fundi Maseko •
Comments Off on How banks can improve payment chaos this Black Friday
During Black Friday 2017, Standard Bank’s transaction volumes on its credit and debit cards spiked more than 100% compared to the same event the previous year. In 2016, Absa said its total customer issuing spend for the Black Friday weekend was just over...
November 21, 2018 •
Retail, Security •
Fundi Maseko •
Comments Off on How retailers and consumers can prevent cyber fraud this Black Friday
With Black Friday fast approaching, and a lot of retailers are preparing for an influx of sales and consumer traffic across all points of purchase – apps, online and in-store. This high volume of purchases puts most retailers and consumers at risk for a...
November 21, 2018 •
Retail •
Danielle Kruger •
Comments Off on How to beat the Black Friday delivery blues
The biggest challenge on Black Friday isn’t a system crash or a payment failure. It’s the delivery problems that come after the purchases have been made. This year, courier companies are working closely with e-tailers to ensure that delivery expectations...
November 20, 2018 •
Retail, Security •
Fundi Maseko •
Comments Off on Black Friday tips: Safe shopping starts with awareness
One of the most common pieces of advice we get about avoiding phishing scams is that, if it seems too good to be true, it probably is. Except this doesn’t really apply on Black Friday. For one day a year (23rd November this year), retailers take...
