Shoppers on South African online marketplace bidorbuy.co.za are about five times more likely to buy a second-hand laptop than a new one. “In many cases, it makes sense to buy pre-owned laptops, because they are much cheaper, and often can perform...
In 2018, Huawei announced plans to launch its first public cloud datacentre in Africa, however there was mention of location nor exact date of the launch. In a recent statement issued by Huawei, the company confirmed the launch to happen in March 2019 and...
At present, e-business in Africa remains a challenge. It may be better than it ever has been, but the truth is that lower literacy and internet penetration levels continue to limit the growth on the continent. However, this will not remain the status quo for...
Two years ago, Australia Post entered into a joint venture with a company to offer local businesses a single platform to access e-commerce products and other services. Post office branches in the UK offer customers access to the majority of all UK current...
At present, e-business in Africa remains a challenge. It may be better than it ever has been, but the truth is that lower literacy and internet penetration levels continue to limit the growth on the continent. However, this will not remain the status quo for...
January 31, 2019 •
Finance •
Fundi •
Comments Off on SWIFT to open gpi to e-commerce
SWIFT announces a proof of concept (PoC) to trial gpi Link, a gateway to interlink e-commerce and trading platforms with SWIFT gpi – the new standard in cross-border payments. gpi Link will seamlessly connect gpi members to multiple trade platforms thereby...
January 15, 2019 •
Events, Top Stories •
Danielle Kruger •
Comments Off on Explore the future of retail at Digital Retail Forum 2019
There is so much more in store for the African retail industry. According to research conducted by PWC, many sub-Saharan African countries have emerged among the world’s fastest-growing economies. This kind of development is due, in part, to a great deal of...
DealDey, Nigeria’s e-commerce platform has closed its business in December 2018 and has let go of its workers. In 2015, the company raised $5 million in a Series B funding from Kinnevik which was its original investor. After raising funds, the company laid...
January 2, 2019 •
Retail, Top Stories •
Fundi •
Comments Off on 5 Retail trends and predictions for 2019
2019 is here, and if you’re in retail, you’re likely wondering what the next 12 months will bring. What must merchants do to win? Will the retail industry prosper and thrive? To help answer these questions, we’ve put together a handful of...
December 6, 2018 •
Retail •
Fundi •
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...
December 4, 2018 •
Retail •
Fundi •
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...
December 4, 2018 •
Security •
Darryl Linington •
Comments Off on 88% of African Magento websites are at high risk from hackers
Security web scans and analysis performed on 842 African Magento websites – the most popular e-commerce platform globally – reveal 88% are at high or critical risk from cyber criminals, according to leading global cybersecurity experts. The latest...
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...
On Wednesday, 21 November, online retailer Amazon announced that a website glitch accidentally exposed names and email addresses of some of the e-commerce giant’s customers. According to the company, there was no breach of Amazon systems or its website,...
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...
