FMCG and Tech & Durable goods saw a 4.1% YoY increase in value in Q3 2024, driven primarily by FMCG growth, while Tech & Durable goods recovered after experiencing flat growth in previous quarters. FMCG spending totaled R183 billion, with Tech & Durable goods reaching R31 billion in value.
Category: South Africa News
South Africa News
Pay-as-you-go everything – innovation, the African way
You cannot simply copy and paste a business model that has worked internationally and expect it to work in Africa. If you want to do business in Africa, you need to operate in a way that takes the nuances of the continent into account.
This is the opinion of Reach Africa’s Sales Director and specialist in the streaming space – Leslie Adams, where he postulates why incremental purchasing has been so successful across the continent, and how we’re seeing more examples of businesses that are rolling out this “pay as you go” model at scale, thanks to the advent of technology.
SAFPS Warns: Technology is Emerging as a Major Battleground in the Fight Against Fraud
International Fraud Awareness Week is a global annual event dedicated to raising awareness about the widespread issue of fraud and showcasing the efforts across various sectors to combat this growing challenge.
State of the Retail Nation Q3: Consumer confidence starts to recover ahead of Black Friday
South Africa’s Tech & Durables market experiences solid sales growth in value and units YTD. FMCG sales rise 2.6% year-over-year. Value of private label FMCG sales on track to reach R100 billion.
Digital Marketing Conference back in Cape Town on 20 & 21 November 2024
Excitement is building as industry leaders, marketing professionals, and digital enthusiasts prepare to gather at the Digital Marketing Conference 2024 (DMC) in Cape Town this November. This not to be missed marketing event is set to take place on 20 & 21 November 2024 at CTICC, Cape Town.
AfricaCom 2024: French Companies Ready to Transform the African Digital Landscape
From 12-14 November 2024, Business France will showcase French expertise at the AfricaCom 2024 exhibition in Cape Town, South Africa. This essential event for telecommunications and digital transformation in Africa will gather over 15,000 visitors and 400 exhibitors from around the world.
Futuretech: Telkom, NRF launch tech research funding initiative
Telkom and the National Research Foundation (NRF) have announced the launch of the Future Technologies (FutureTech) programme, a new initiative to co-fund technology research grants and the studies of postgraduate students and postdoctoral Fellows, to help drive innovation.
Is cash dead? If your answer is yes you’re missing the point… and millions of customers
Is cash truly dead? With the rapid rise of fintech innovations and digital payment solutions, one might think so. Yet, despite the digital revolution sweeping across African societies, cash remains very much alive—and for millions, it is still the preferred way to transact. In the article, Cat Denoon-Stevens, Head of Product Incubation at Mukuru, discusses how cash remains an essential element of financial inclusion for millions. Fintechs must embrace this reality, offering flexible solutions that meet customers where they are—whether in the physical or digital realm.
THE RISE OF FINTECH INNOVATION IN SA: GOING BEYOND PAYMENTS TO TRANSFORM ACCESS AND OPPORTUNITIES FOR STARTUPS
The piece, “The Rise of Fintech Innovation in SA: Going Beyond Payments to Transform Access and Opportunities for Startups,” discusses how fintech solutions have revolutionized how these businesses operate, providing access to affordable financial services, business management tools, and support.
This article offers valuable insights into the growing fintech ecosystem in South Africa and its potential to drive economic growth.
Aleph Group and MTN collaborate to create novel local advertising opportunities
Aleph Group has been appointed as MTN Ads’ sales partner by MTN’s Digital Services, Africa’s largest mobile operator’s advertising division.