BizTrends 2018


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Kenya's Twiga Foods partners IBM for blockchain-based microfinancing
Kenya's Twiga Foods partners IBM for blockchain-based microfinancing

Kenyan agri-tech startup Twiga Foods has partnered IBM Research to extend access to microloans to 220 food stall retailers across Kenya using a blockchain-based financing system...

By Tom Jackson 3 days ago

SA consumers benefit from lower inflation in February as rand strengthens
SA consumers benefit from lower inflation in February as rand strengthens

The latest Mastercard SpendingPulse report shows moderate growth in consumer spending, but general dealer sales continue to underperform...

18 Apr 2018

20 out of 65 Seedstars Summit finalists from Africa
20 out of 65 Seedstars Summit finalists from Africa

With the Seedstars World Summit taking place on Thursday, 12 April 2018, the organisers have announced the final 65 finalists that will get the chance to pitch their ideas on the global stage. 20 out of the 65 finalists are from Africa...

By Ilse van den Berg 11 Apr 2018

The role of EFT payments in enhancing online retail revenue
The role of EFT payments in enhancing online retail revenue

According to Effective Measure's 2017 E-commerce Industry Report, 54% of South Africans have not yet shopped online. Just like consumers who already shop online, shoppers sticking to in-store retailers say that a payment method they can trust would encourage them to shop online...

4 Apr 2018

Impact of VAT increase on point-of-sale developers
Impact of VAT increase on point-of-sale developers

A lot has been written about the impact of the looming VAT increase on the ordinary South African, but not so much on how this will affect technology vendors, particularly point-of-sale developers...

27 Mar 2018

#ECMA18: Unlocking the potential of data in enhancing CX
#ECMA18: Unlocking the potential of data in enhancing CX

Tapping into the potential of data to provide insight into consumers' thinking and behaviour may translate into an enhanced customer experience strategy...

By Maroefah Smith 15 Mar 2018

Payment trends in Africa - driven by tech with an African twist
Payment trends in Africa - driven by tech with an African twist

Technology developments will continue to revolutionise payment in both the real and virtual worlds across the globe. As always, though, local conditions will dictate exactly how global trends affect local markets...

By David Noel Lardin 13 Mar 2018

SA women remain underrepresented among the ranks of entrepreneurs
SA women remain underrepresented among the ranks of entrepreneurs

While South Africa has made progress in reducing the gender bias for women engaging in early stage entrepreneurial activities, the number of women business owners remains constrained...

8 Mar 2018

Barclays Africa to become Absa again
Barclays Africa to become Absa again

Barclays Africa Group intends to change its name back to Absa, the banking group announced after releasing its results for the year to end-December...

By Robert Laing 2 Mar 2018

Mastercard to use Messenger to help SMEs leverage digital payments in Africa, Asia
Mastercard to use Messenger to help SMEs leverage digital payments in Africa, Asia

Mastercard will use Facebook Messenger to provide technology to small businesses in Africa and Asia to drive affordable acceptance of electronic and mobile payments...

1 Mar 2018

Court probes 'unsecured credit' by Capfin
Court probes 'unsecured credit' by Capfin

Steinhoff International's troubles continue to mount. On Thursday, the Cape High Court began to interrogate the controversial lending practices of Capfin, which provided unsecured credit to customers of Pepkor and Ackermans...

By Ann Crotty 16 Feb 2018

Significant growth in festive retail spending driven by stronger rand and lower inflation
Significant growth in festive retail spending driven by stronger rand and lower inflation

South African consumer spending showed a healthy improvement over the festive season, with retail sales volumes rising 3.8% year-on-year...

9 Feb 2018

SA's Airbuy launches e-commerce payment gateway
SA's Airbuy launches e-commerce payment gateway

South African startup Airbuy has rolled out its alternative payment gateway that allows e-commerce sites to accept payments without their customers exposing their banking details...

By Tom Jackson 25 Jan 2018

Image credit: Martin Rhodes
Whitey stands by Christo Wiese

Former Shoprite Holdings CEO Whitey Basson says he vouches for the honesty of his friend and fellow Shoprite shareholder of many years, former Steinhoff chairman Christo Wiese...

By Mark Allix 17 Jan 2018

10 lessons from a successful crowdfunding campaign
10 lessons from a successful crowdfunding campaign

After about 45 days of extreme effort, intense co-ordinating, crazy ideas and good luck, we managed to complete the most successful rewards-based crowdfunding campaign in South Africa to date with Sugarbird Gin...

By Rob Heyns 16 Jan 2018

#BizTrends2018: Cross border trade set to grow e-commerce in SA
#BizTrends2018: Cross border trade set to grow e-commerce in SA

More and more, consumers in sub-Saharan Africa are looking beyond their borders to get the products and services they need...

By Efi Dahan 12 Jan 2018

Image credit:
NRD Capital acquires Mike's Kitchen restaurant chain

NRD Capital, a US-based private equity firm that specialises in franchise investments, has cemented its entry into the African market with its acquisition of Mike's Kitchen...

10 Jan 2018

Barriers to finance a hindrance for retail SMMEs
Barriers to finance a hindrance for retail SMMEs

Small, medium and micro enterprises (SMMEs) contribute significantly to South Africa's GDP (estimated between 30% and 57%), and provide employment to between 61% and 80% of the country's workforce...

4 Jan 2018

Wynand Smit, CEO of Inovo
#BizTrends2018: Enhancing the customer experience

In South Africa, technology implementation is largely reactive - we're a nation of cautious adopters - yet there are many innovations likely to gain a stronger foothold in 2018 in the financial sector...

By Wynand Smit 3 Jan 2018

Moody's slashes Steinhoff credit rating
Moody's slashes Steinhoff credit rating

Credit ratings agency Moody's downgraded debt held by embattled South Africa-based home retail giant Steinhoff on Thursday and warned of further downgrades...

29 Dec 2017

Cautious consumer spending ahead of SA festive season - report
Cautious consumer spending ahead of SA festive season - report

According to the Mastercard SpendingPulse October 2017 report, South African consumer spending showed a modest uptick in October this year...

22 Dec 2017

How to give more for less this festive season
How to give more for less this festive season

The festive season is a time for giving, but financially it can be straining if you spend recklessly. It's easy to feel overwhelmed by the pressure to spend money you don't have on making it a memorable holiday for your loved ones...

Issued by OLX 20 Dec 2017

#BestofBiz 2017: Retail
#BestofBiz 2017: Retail

We've compiled our annual #BestofBiz 2017 lists across all our industries featuring our most popular articles, most-read contributors and brand press offices with the most views...

15 Dec 2017

Cash payments still rule informal trade
Cash payments still rule informal trade

According to Mastercard research, around 96% of transactions are still conducted in cash among South Africa's 1.5 million informal enterprises...

14 Dec 2017

Less than 30% of Africa's e-commerce startups profitable
Less than 30% of Africa's e-commerce startups profitable

Less than 30% of African e-commerce startups are profitable, as ventures tackle issues such as lack of funding, shortage of trust and logistical difficulties...

By Gabriella Mulligan 8 Dec 2017

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

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