Africa offers enormous growth potential for e-retailers given that online shopping is in its infancy in the region. This is according to Sumesh Rahavendra, head of marketing for DHL Express Sub Saharan Africa, who says the recently released ‘Shop the World!’ report reveals that emerging markets offer the highest growth potential for the eCommerce industry.
South African consumer confidence has improved for the second half of 2014, according to the latest MasterCard Index of Consumer Confidence released. With a score of 58.7, a slight improvement of 2.4 points compared to last year’s score of 56.3, the Index currently describes consumer confidence as ‘neutral-positive’. Now in its eleventh year in South
FNB Business has announced a partnership with Empowerdex to process applications for Black Economic Empowerment (BEE) certificates through the Bank’s online banking channel. The online application process is quick, easy and requires that the applicant has all the necessary documentation. Sanjeev Orie, CEO of Value-Adds at FNB Business says, “This is an exciting development because
“Mobile money, while undoubtedly achieving impressive growth across Africa, is really still in its infancy,” says Vahid Monadjem, co-founder and CEO of cash-based POS platform provider Nomanini. “Unfortunately, many of the statistics surrounding the number of mobile money transactions taking place in countries like Kenya are misleading. We need to continue to build on the
FNB’s market-leading Banking App is now active on more than 1 million smart devices. The Banking App, which launched in July 2011, was the first of its kind in South Africa when it launched a little over 3 years ago, the same year the bank made smartphones available to its customers. “This milestone is testament
Absa is celebrating successful businesswomen during the month of October. Hosted by Absa Business Banking, the Women in Business Series recognises the achievements of some of South Africa’s top women entrepreneurs at events across all nine provinces. Prominent businesswomen will address and facilitate each session including Margaret Hirsch (co-founder and Chief Operations Executive at Hirsch’s
South African Company Wallettec is excited to announce a new partnership with BitPay, one of the largest Bitcoin payment processing companies and Bitcoin Payments, a South African BitPay Affiliate. This now enables Bitcoin transactions in the Wallettec system, making it instantly available to any payment system that is integrated with Wallettec. A first in South
Kalahari.com and takealot.com, two of the leading general etailers in South Africa, have announced that they are merging their operations. The move was driven by the fact that, without scale, SA etailers simply can’t compete successfully against the local brick and mortar retailers and foreign companies such as Amazon and Alibaba. “After many years of
FNB and Visa once again joined forces to launch their 10th Annual Card Security Week (CSW) and announced a 15% reduction in credit card fraud. Columinate, an independent research company, was commissioned to research fraud awareness and card fraud trends in South Africa. “We found that while the overall awareness of card fraud is very
The President of the Republic, Mr Jacob Gedleyihlekisa Zuma, has appointed Mr Lesetja Kganyago as the next Governor of the South African Reserve Bank (SARB) for a period of five years. The appointment is effective from 9th November 2014. In accordance with section 4(1)(a), read with section 5(1)(a)of the South African Reserve Bank Act, Act
