This year marks the 21st official year of eCommerce globally, after NetMarket reportedly recorded the first ever online transaction by selling a Sting CD online, on 11 August 1994. Since then eCommerce has come a long way globally, and continues to grow. Last year the industry globally accounted for $1.5 trillion in sales, and it
The Angolan Vice-President, Manuel Vicente, stated in the African Caucus forum that there is no sustainable development while there is poverty. In his opening speech Manuel Vicente, representing the President of Angola, José Eduardo dos Santos, in the meeting of the Ministers of Finance and Governors of the African Central Banks, together with the World
Although e-commerce is growing fast in South Africa and across the continent, the majority of the population in African markets is still excluded from buying online. This is no fault of online retailers or service providers – it is simply because many South Africans (and Africans) do not have their own bank account or a
First National Bank (FNB) has been voted as South Africa’s top Corporate Bank in the business category in the 2015 Sunday Times Top Brand Survey. The winning brands are voted for by consumers and business decision-makers who rank them as being the best in their category in a nationwide survey. Now in its 17th year,
Gartner, Inc.’s “Hype Cycle for ICT in Africa, 2015″ report identifies over 30 key technologies and describes how they will impact business performance during the next 10 years. “The Hype Cycle aims to help global strategic officers and domestic CIOs from the private and public sectors take account of the current state of important technologies
The rise of e-commerce and increased competition are driving the demand for real-time supply chain visibility. This is according to Oliver Facey, Vice President of Operations for DHL Express Sub-Saharan Africa, who says that supply chain operators should increasingly invest in transportation management systems and solutions to improve the quality, speed and precision of service.
The 2015 South African eCommerce Awards continued to see solid growth this year, with more than 200 websites entering the awards. The awards, now in their 10th year, are designed to recognise and reward those South African websites that have demonstrated excellence in their use of the Internet as a platform for commerce. Through a
ZAZOO, a business unit of Net 1 UEPS Technologies, Inc., has partnered with Funifi, a startup based in the UK and Cyprus, to enhance their service by adding a secure payment mechanism to the Funifi DO (chore) app using Mobile Virtual Card (“MVC”) technology. This partnership adds momentum to ZAZOO’s growth, as the unit is
Mukuru and Mcel have partnered to allow money to be sent from South Africa into any Mkesh mobile wallet in Mozambique. With the mobile phone being central to the process it is the most convenient way of sending money to Mozambique; and at a 10% flat fee it is the most affordable cash-to-cash offering. Mukuru
Planet Payment, Inc., a leading provider of international and multi-currency payment processing services, has teamed up with Absa, one of South Africa’s largest financial groups, and CyberSource, a global payment gateway and merchant provider, to implement Shop in Your Currency, Planet Payment’s Multi-Currency Pricing Solution, in South Africa. “This solution allows retailers to localise their
