consumers Archives - AfricaBusiness.com

22Mar

By Africa BusinessNo Comments

South Africa News

South African consumers feel the big squeeze: 99% have changed their FMCG shopping habits to save money

44% of South African consumers say they are worse off financially now than a year ago 65% say they would purchase a product that has innovated to make it as affordable as possible According to NIQ, 44% of South African consumers feel they are in a worse financial position this year compared to a year ago. Of those respondents, 82% say that increased costs of living are to blame for their recent financial struggles, up from 76% a year ago. Nearly two-thirds (62%) state they are worse off due to the economic slowdown, up from 57% a year ago. Half (50%) of respondents report concerns about job security, up from 43% a year. Some 27% blame ongoing Covid-19 disruptions and setbacks for their financial situation, down from 45% a year back. These findings appeared in “Consumer Outlook 2024...

Shopping for sustainability: online stores and e-commerce merchants answer growing consumer demand

28Feb

By Africa BusinessNo Comments

Business, South Africa News

Shopping for sustainability: online stores and e-commerce merchants answer growing consumer demand

While 92% of South Africans say sustainability is important to them, only 58% claim to live sustainably according to a 2022 study by global consumer insights agency InSites Consulting. It’s clear South Africans want to make a change; they just don’t know where to start. That’s where online retailers and e-commerce merchants come in, says Steffen Burrows, CURBON co-founder and director. The ‘sustainability paradox’, or the gap between acknowledgment (92% importance score) and action (42% not living sustainably), should be treated by brands as an opportunity. Since 86% of consumers believe that companies have a duty to take care of the planet, merchants and e-commerce businesses can help consumers overcome barriers to adopting more sustainable habits in their daily lives. This means makin...

17Dec

By Africa BusinessNo Comments

Tech

Tapping into Africa’s fast-growing consumer market: Insights backed by technology

Connecting African consumers to companies like Uber and Diageo through cutting-edge consumer insights With household consumption and urbanization increasing on the continent, Africa represents a veritable gold mine for companies looking to expand their markets. But this market remains largely untapped because companies rely on traditional methods to gather essential and valuable consumer insights, market research, and data. These methods usually require extensive legwork with face-to-face and labor-intensive practices. And even after all this input, the physical consumer research can often produce inaccurate data after long lead times. Africa’s population will account for one-fifth of the world’s population by 2025, creating the world’s fastest-growing consumer market[1]. However, this ...

4Sep

By Africa BusinessNo Comments

Main

Connecting in a time of Covid: Redefining the human experience

Three YPO leaders share their learnings from a time of no-contact - and what other organisations need to know about retaining human connection It can be argued that the success of any organisation is based on the strength of its connection to its stakeholders, and the extent to which it can sustain that connection. Yet even before the Covid-19 pandemic, consumers were becoming increasingly jaded, with research from PwC revealing that almost 60% of global respondents felt that organisations had lost touch with the human element in its relationships with its customers. And while the digital transformation, accelerated by Covid, has brought with it many benefits in the form of increasing access to a multitude of services - from education (e-learning) to healthcare (telemedicine) - the fli...

16Apr

By Baker McKenzieNo Comments

Botswana News, Egypt News, Main, Mauritius News, Morocco News, South Africa News

Competition law in post-pandemic Africa a key driver for market participation, consumer protection and fair practices

With the growth of economies across Africa, competition law has remained one of the key drivers for effective market participation, consumer protection and fair business practices. However, the global pandemic introduced new challenges for competition authorities in Africa and abroad, with each enforcer pursuing the most beneficial enforcement method for its national or regional jurisdiction. According to Lerisha Naidu, Partner in Baker McKenzie’s Competition & Antitrust Practice in Johannesburg, “These efforts were aimed at curbing the persistence of unjustified price hikes, anticompetitive cooperation between competitors and other harmful business practices that sought to undermine competition. In addition to the urgent responses to the unprecedented impacts of the global COVID-19 c...

17Nov

By Africa BusinessNo Comments

African News, South Africa News

Affordable housing rental market looks increasingly attractive

The South African residential market offers an attractive opportunity in the affordable housing rental segment largely driven by low and middle income earners who do not qualify for bonds and increased demand for housing located closer to areas of economic opportunity. Gerhard Zeelie, Head Real Estate Finance (Residential) at Standard Bank South Africa, says: "Investors who select good locations, efficiently manage their assets and look after their tenants can reap good returns from affordable housing rentals. Rentals in the affordable housing rental market can typically offer returns of between 8.5% and 9% after tax, assuming conservative gearing and taking moderate capital ...

14Nov

By Africa BusinessNo Comments

African News, South Africa News

Sunil Joshi to address MEF Seminar 19th November 2012

14 November 2012 Midrand, Johannesburg, South Africa, Sunil Joshi, Managing Director and CEO of Neotel, South Africa's first converged telecommunications network operator, will address the MEF’s (Metro Ethernet Forum) Ethernet Business Services Seminar on Monday, 19 November 2012, at the Axiz Workgroup Auditorium in Midrand. Joshi will outline Neotel’s journey and its service offerings including Ethernet Services, when he speaks to the audience of service providers, equipment vendors and enterprises at the MEF’s first seminar of its kind on the continent. Kevin Vachon, COO of the MEF comments: “I am delighted that Sunil Joshi has agreed to share the Neotel story and how the company can support the MEF’s mission here in South Africa. Our aim is to bring together all parts of...

10Nov

By Africa BusinessNo Comments

Energy, Green Energy

Canadian Solar Supplies Modules for Turkey’s Largest Commercial PV Project: 540 kW Solar Power Plant at Izmir Airport Installed by Gehrlicher Merk Solar

First PV project under the new Turkish 500 kW law ONTARIO, Canada, Nov., 2012 /PRNewswire-FirstCall/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar companies, provided its CS6P-P solar modules for the first project under the new Turkish solar energy legislation, YEK (Law on the utilization of renewable energy resources for the purpose of generating electricity), for solar power plants under 500 kW. The solar park has a capacity of 540 kW (450 kW on-grid and 90 kW off-grid), which marks a new milestone of solar power production in Turkey, making it the largest solar power plant in the country. This is the second project that Canadian Solar has realized in collaboration with the EPC contractor Gehrlicher ...

8Nov

By Africa BusinessNo Comments

African News, South Africa News

Mobile games partnerships on the rise in Africa

By Thandisizwe Mgudlwa EA has appointed Nazara Technologies to be their premier distributor of Mobile Games in Africa. And Nazara Technologies and EA leverage an existing relationship to maximize availability of high end games to mobile phone users across 49 countries in Africa. The announcement came from Dubai in the United Arab Emirates. Nazara Technologies , a leading mobile games developer and publisher, and Electronic Arts Inc. (NASDAQ: EA) announced they have entered into an exclusive business alliance to distribute EA’s collection of world class mobile games to over 770 million mobile phone consumers across Africa. Moreover, the agreement entitles Nazara to exclusive distribution rights of EA mobile games to all telecom operators across the African continent...

8Nov

By Africa BusinessNo Comments

African News

POST SHOW REPORT 2012: ASIA’S LARGEST EXHIBITION & CONGRESS FOR AESTHETIC MEDICAL DISCIPLINES

Post Show Report ( .pdf Acrobat Reader) 13-15 SEPTEMBER 2012 Sands Expo and Convention Center, Marina Bay Sands, Singapore 4th Edition: POST SHOW REPORT 2012 ASIA’S LARGEST EXHIBITION & CONGRESS FOR AESTHETIC MEDICAL DISCIPLINES - Aesthetic Dermatology - Anti-aging Medicine - Aesthetic Plastic Surgery - TST Triangular Meeting - Aesthetic Dentistry - Professional Beauty 16 European CME credits 14 CPE Dental Credits Organised by Partnered by In association with Supporting Organisation Platinum Sponsor Gold Sponsor +65 6411 7743 (DID) / +65 6411 7777 aestheticasia@informa.com www.aestheticsasia.com Aesthetic...