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Black Friday trumps Cyber Monday: BankservAfrica
Black Friday trumps Cyber Monday: BankservAfrica

Black Friday proved to be more popular than Cyber Monday this year, says automated payments clearing house BankservAfrica...

7 Dec 2017

Retail Capital is awarding a brand makeover to one lucky SME
Retail Capital is awarding a brand makeover to one lucky SME

Retail Capital is giving SMEs an opportunity to win a makeover to build their brand with an investment of R250,000...

30 Nov 2017

BBM Messenger's Adam Pattison on chat, dark social and the new mobile economy
BBM Messenger's Adam Pattison on chat, dark social and the new mobile economy

On his visit to South Africa for the MMA (Mobile Marketing Association) Forum in Johannesburg on 2 November and Mobile Monday in Cape Town on 6 November, Adam Pattison, vice president, Americas & EMEA at BBM Messenger, shared insights into chat or dark social and how this is shaping the mobile economy...

By Jessica Tennant 20 Nov 2017

Festive retail sales may help give GDP a boost
Festive retail sales may help give GDP a boost

The retail sector is set to make a positive contribution to third-quarter GDP as retailers adapt to the difficult economic conditions and as they look forward to the festive season...

17 Nov 2017

Mastercard-Spazapp collaboration brings cashless payments to informal retailers
Mastercard-Spazapp collaboration brings cashless payments to informal retailers

Mastercard is collaborating with Durban-based tech company Spazapp, to bring secure and convenient mobile payments to thousands of informal traders...

15 Nov 2017

Luxury group Richemont sees 'exceptional' growth
Luxury group Richemont sees 'exceptional' growth

ZURICH - Richemont, the world's second-largest luxury group, said Friday it had enjoyed exceptional profit growth in the first half of its financial year as the firm moved on from a costly buyback of its high-end watches...

13 Nov 2017

Ante Ramljak, crisis manager at Agrokor | ©
Ailing Balkan retail giant disputes €2bn of debts

ZAGREB - Debt-wracked Balkan food and retail giant Agrokor is in a dispute with creditors over two billion euros in claims, half of which is demanded by the Russian state-controlled Sberbank, the firm's crisis manager said Thursday...

13 Nov 2017

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Alibaba takes record $25bn on Singles' Day

BEIJING - Chinese online shoppers spent a record $25bn on this year's Singles' Day promotion run by e-commerce giant Alibaba, up nearly 40% from last year, figures showed on Sunday...

13 Nov 2017

Burberry shares dive on strategy overhaul
Burberry shares dive on strategy overhaul

LONDON - Burberry shares tumbled on Thursday, as investors were spooked by the expected costs of a strategy overhaul and a below-expectations rise in profits at the British luxury fashion giant, analysts said...

10 Nov 2017

Brait CEO John Gnodde | Credit:
Brait decides New Look is worth zero

Brait shares rallied more than 3% at one stage on Wednesday on its decision to value 2015's 780m acquisition of UK fashion retailer New Look at the princely sum of nothing.

By Giulietta Talevi 9 Nov 2017

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Online shopping spree buys Deutsche Post more profit

Growth in online shopping continued to provide a bonanza for German logistics group Deutsche Post in the third quarter, the firm reported, confirming its forecast for the full year...

9 Nov 2017

WeChat Pay arrives in Paris department stores
WeChat Pay arrives in Paris department stores

PARIS - Chinese tourists visiting Paris are now able to pay for their purchases in two of the city's famous department stores with their smartphones, thanks the adoption of the payment app of the popular Chinese social media network, WeChat...

9 Nov 2017

(c) James Copeland -
Marks and Spencer slows food expansion plans

LONDON - Marks and Spencer, the British clothing-to-food retailer, announced on Wednesday a sharp rise in net profits on higher sales but plans to slow expansion of its number of standalone food stores...

9 Nov 2017

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Foreign revenue boosts TFG

More than a third of TFG's revenue will come from outside Africa in the next financial year after the group integrates the Hobbs clothing retail business in the UK, says chief financial officer Anthony Thnstrom...

8 Nov 2017

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Mr Price cuts its cloth to suit a higher share price

Retailer Mr Price's turnaround strategy has paid off as the group expects earnings per share to climb as much as 25% for the 26 weeks to September 2017...

8 Nov 2017

Buy a card machine and accept payments on the go!
Buy a card machine and accept payments on the go!

Small business owners that move around to sell their goods and services have been able to increase revenue thanks to Sureswipe's Move payment solution...

Issued by Sureswipe 6 Nov 2017

Mastercard, Yoco to bring cashless payments to another 15,000 SMEs
Mastercard, Yoco to bring cashless payments to another 15,000 SMEs

Local fintech company Yoco and Mastercard have announced a collaboration that will see the rolling out of 15,000 mobile Point of Sale devices to small and medium-sized businesses...

26 Oct 2017

RMB Ventures, Investec Asset Management acquire stakes in Botswana-based retailer
RMB Ventures, Investec Asset Management acquire stakes in Botswana-based retailer

Kamoso, a Botswana-based retailer and consumer goods company, was acquired by a consortium that includes Investec Asset Management Private Equity, RMB Ventures...

24 Oct 2017

The world of payments is changing fast
The world of payments is changing fast

The services offered by traditional banks are too restrictive for what smaller retailers require and many of them are looking for alternative solutions...

By Paul Kent 20 Oct 2017

African tourism trends in the age of developing smart cities
African tourism trends in the age of developing smart cities

Using data to understand travellers' spending behaviours, their habits as well as their preferences, has the power to increase the number of customers and the spend...

By Elias Aad 19 Oct 2017

Basani Maluleke, incoming CEO: African Bank. Photo: Kellogg School of Management
First black woman set to be bank CEO

Basani Maluleke looks set to become SA's first black woman bank CEO...

19 Oct 2017

Retailer slams bank charges
Retailer slams bank charges

Pick n Pay chairman Gareth Ackerman has slammed South African bank charges, which he describes as excessive and in many cases, more than double European benchmarks...

By Ann Crotty 18 Oct 2017

Morris and Mtongana.
#BODCT: Redesigning the world one business at a time, to surprise and delight customers

Big brands shared the role of design in their business at Business of Design, with Adrian Morris, partner and MD at Design Partnership speaking of current the physical reboot trend responding to a changing landscape, while Brian Mtongana, head of design at Woolworths, honed in on the role of packaging in sales...

By Leigh Andrews 16 Oct 2017

Enhancing cross-channel communication in financial services
Enhancing cross-channel communication in financial services

Financial institutions, like any other businesses, have customers whose preferences have shifted to digital channels...

By Wynand Smit 16 Oct 2017

Image: Sovereign Foods
Sovereign Foods shareholders approve Bidco offer, delisting from JSE

Subject to obtaining the outstanding regulatory approvals, ownership of Sovereign Foods will pass to Bidco who will acquire 100% of the Sovereign shares in issue...

12 Oct 2017

TFG latest to flee from Gupta auditor
TFG latest to flee from Gupta auditor

TFG is the latest JSE-listed company to drop KPMG as its auditor. The retail group made the announcement just hours after Telkom said it would not award any new business to KPMG...

11 Oct 2017

New index offers a snapshot of SA's debt-stressed consumers
New index offers a snapshot of SA's debt-stressed consumers

Credit data company Experian launched a consumer default index on Tuesday, 10 October, to help pinpoint where South Africans are experiencing financial stress...

By Sunita Menon 11 Oct 2017

$78bn in transaction revenue to be processed by smart store tech by 2022
$78bn in transaction revenue to be processed by smart store tech by 2022

Invisible payments and other connected technologies are expected to boost retail revenues as omnichannel strategies move in-store...

10 Oct 2017

Yoco releases free POS solution for small businesses
Yoco releases free POS solution for small businesses

Payments service provider Yoco has launched an enhanced POS solution, which is South Africa's first 100% locally made, free point of sale app...

5 Oct 2017

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