South African Market Archives - AfricaBusiness.com

14Aug

By Africa BusinessNo Comments

South Africa News

NIQ South Africa releases FMCG and Tech Durables sales data for Q2 2024

FMCG trade grows 3% year-over-year to R303 billion for the first half of 2024 Technology and Durables market growth stable at 2% Promotions are the key to growth in a price-sensitive market NIQ South Africa has released its latest State of the Retail Nation 1 analysis for the first six months of 2024. The data reveals that South African consumers spent R303 Billion on fast-moving consumer goods (FMCG) through traditional and modern trade channels during the first half of the year. This represents 3% year-over-year growth, with the gains primarily driven by price increases. Actual sales volumes decreased across most FMCG categories. Food and Personal & Health Care were the categories that showed the strongest growth at a time when consumers were under significant strain from ...

14Mar

By Africa BusinessNo Comments

South Africa News

Risks ahead for buoyant markets

While keeping an eye on developing risks, particularly with regards to the US economy, 2023 is nevertheless shaping up well. With market volatility low, investors should take the opportunity to buy protection on portfolios. It's also a good time to take profits on equities and bonds while income yields are high, and wait for opportunities to buy into growth assets. GraySwan shares their views on what the market landscape looks like for South Africa in 2023 and how China and the US are influencing it. GraySwan is an award-winning independent investment advisory and wealth management firm, serves investment advice through a global megatrend lens to institutional and corporate investors, financial planning and wealth management solutions to personal and family office investors. The wealth of...

6Dec

By Africa BusinessNo Comments

South Africa News

Water-Saving Toilet Manufacturer Propelair® Advances With New Partner In Key South African Market

Propelair®, the UK designer and manufacturer of the world’s lowest-water-flush toilet, is making big strides in South Africa as the country continues to urge organisations to conserve water and use it more efficiently, reduce carbon emissions and promote hygiene. Having launched in South Africa in 2019, Propelair has now entered into a distribution agreement with Amalooloo, a South African provider of high-quality, sustainable sanitation solutions, which will supply Propelair toilets throughout the country. Propelair uses an air-powered flush that requires only 1.5 litres of water per flush – a fraction of typical current volumes of six to nine litres in standard toilets. Pretoria-based Amalooloo’s core business focuses on bringing innovation and improved sanitation to rural household...

18Aug

By Africa BusinessNo Comments

Business, South Africa News

Entrepreneurs need to better understand risk and fail better by failing fast and forward

Are entrepreneurs risk takers at heart or calculated visionaries? According to serial entrepreneur and Ukheshe Technologies CEO, Clayton Hayward, many entrepreneurs don’t truly understand the nature of risk, which has a direct impact on the success of their business idea. He says that to be a successful entrepreneur you need to be willing to take risks with a greater vision in mind – and become comfortable with the possibility of failure. Hayward, who has started more than 26 businesses since graduating in the early 90s, says that globally, managing risk is probably one of the biggest entrepreneurship obstacles: “It is important not to overthink, over strategise or over plan the launch of a business. Understand the nature of the risks involved and go for it. Too many entrepreneurs let ...

6Apr

By Africa BusinessNo Comments

South Africa News

Setting South Africa’s small and medium-sized enterprises Up for Success

South Africa’s small and medium-sized enterprises (SMEs) represent more than 98% of registered businesses, employ between 50% and 60% of the country’s workforce, and are responsible for a quarter of job growth in the private sector[i]. “It’s no wonder then that these companies are the country’s hope for economic recovery. But what is being done to ensure their success?” asks Andrew Hardie, Chief Executive Officer at Pay@ - a leading payment aggregator and provider of secure payment solutions. South African SMEs have the highest failure rate in the world[ii]. In fact, 70% to 80% of small businesses fail within five years[iii]. Studies conducted by the Universities of the Free State[iv], Limpopo[v] and Cape Town[vi] have found that a lack of business capabilities (including skills and tools)...

SMMEs primed for growth as economy slowly takes steps to recover

23Jan

By Africa BusinessNo Comments

African News, South Africa News

SMMEs primed for growth as economy slowly takes steps to recover

While South Africa’s economy took a series of blows over the last year, business owners remain confident that things will slowly start to stabilise in 2021. This was reaffirmed with South Africa's SACCI business confidence index rising to 93.4 in November of 2020 from 92 in October, above pre-pandemic levels. According to Trevor Gosling, Co-founder and CEO of Lulalend, a large part of the country’s growth this year will be dependent on SMMEs. “Despite the impact of the Covid-19 pandemic, the remarkable ability of these businesses to adapt to change has helped them evolve and ultimately survive. Companies were resilient, optimistic and innovative, trusting that, although the situation will not improve considerably in 2021, it will be able to at least start stabilizing.” Gosling says that t...

10Nov

By Africa BusinessNo Comments

African News

Professional Indemnity Insurance in South Africa

NEW YORK, Nov., 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue: Professional Indemnity Insurance in South Africa http://www.reportlinker.com/p01028856/Professional-Indemnity-Insurance-in-South-Africa.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Insurance Professional Indemnity Insurance in South Africa is a report about the South African market for and distribution of policies covering professional liability. For 2007, 2011 and with a forecast for 2015, the study breaks down the market for professional indemnity insurance on a standardised basis by professional group with 12 categories considered as follows: accountancy and finance alternative medicine architecture and engineering br...

8Nov

By Africa BusinessNo Comments

African News, South Africa News

Ireland’s Minister for Trade and Development Leads Enterprise Ireland Trade Mission to South Africa

On Sunday 10 November 2012, Ireland’s Minister for Trade and Development, Joe Costello TD, will lead an Enterprise Ireland trade mission with 37 companies to South Africa. The trade mission is being organised by Irish trade and technology agency, Enterprise Ireland in close cooperation with Ireland’s Department of Foreign Affairs and Trade and the Embassy of Ireland in Johannesburg. It is aimed at cementing the growing trade relations between the two countries and is part of a broad, long term strategy to further develop Irish trade links and partnerships not just in the South African market, but in the wider Sub-Saharan region. Last year Irish exports to South Africa increased to €944m and exports for 2012 are expected to continue this momentum. South Africa exports ...

18Oct

By Africa BusinessNo Comments

African News, South Africa News

New Hedge Fund Software Expands into the South African Market

TORONTO, Oct. 18, 2012 /PRNewswire/ - Canadian software vendor SGGG Portfolio Systems, SynOps Investment Operations and Deutsche Securities Johannesburg today announced the successful implementation of the SGGG Portfolio System across Deutsche's hedge fund client base in South Africa. Graeme Lappin Director of SynOps commented, "The SGGG system is ideal for the South African hedge fund industry. It is a front office portfolio management tool that integrates the trading, operations and management functions across the company, simply yet extremely effectively. The software has been designed specifically for hedge funds and small to medium sized asset managers, and is available with a highly attractive pricing and licensing structure. SGGG Portfolio Systems and SynOps have a partner...