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BizTrends 2017


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Consumer inflation slows as food prices moderate
Consumer inflation slows as food prices moderate

Consumer inflation slowed in February, as food inflation moderated, but remained outside the South African Reserve Bank's 3%-6% target range...

By Tammy Foyn 16 hours ago

Andrew Torre, Visa president for sub-Saharan Africa. Source:
How Africa's mobile revolution is reaching the unbanked

The continent's mobile banking revolution is only just beginning, and although payment systems are becoming more seamless, cash is still king in Africa...

By Nicci Botha 3 days ago

The race for the payments space
The race for the payments space

Long the bastion of institutionalism and trust, and therefore fairly resilient to disruption, banks are now in a war of adapt or die...

By Nicci Botha 17 Mar 2017

Shirley Maltz, CEO of HomeChoice. Credit: Financial Mail
HomeChoice increases its revenue despite challenging year

Home-shopping and digital retailer HomeChoice International declared a dividend of 87c per share on Tuesday in the release of its financial statements...

By Matthew Stevens 15 Mar 2017

South African odyssey: Part 2
South African odyssey: Part 2

Mark Mobius' take on the sluggish SA economy and the investment potential of the consumer sector...

By Mark Mobius 13 Mar 2017

Source: Africa Business Communities
Building business around the customer

In an era of rapidly emerging new technologies customers' preferences are deeply interlocked with the use of new digital innovations...

By Peter Alkema 9 Mar 2017

Misinvoicing practices loses Africa billions of dollars
Misinvoicing practices loses Africa billions of dollars

A study published by UNCTAD last year revealed huge discrepancies in trade accounting in South Africa, Zambia, Nigeria and Côte d'Ivoire...

8 Mar 2017

Franchisees can find relief from tax burdens
Franchisees can find relief from tax burdens

When finance minister Pravin Gordhan announced an increase in the top marginal rate of tax by 4%, many wealthy franchisees and small business owners were taken aback...

3 Mar 2017

Yoco's CEO Katlego Maphai
Yoco raises funding for expansion

South African fintech startup Yoco, which allows small businesses to accept card payments, has raised an undisclosed amount of funding...

By Tom Jackson 3 Mar 2017

Mastercard at Mobile World Congress
MultiChoice customers can now use Masterpass to pay DStv accounts

At the Mobile World Congress in Barcelona, Mastercard announced that South African MultiChoice customers can now pay their digital satellite television...

2 Mar 2017

FSB to stop insurers spamming mobile numbers
FSB to stop insurers spamming mobile numbers

A draft replacement of the Financial Services Board (FSB) Policyholder Protection Rules (PPRs) will enable consumers to opt-out of unwanted SMS communication...

1 Mar 2017

Peach Payments, Callpay launch EFT payment system for SA e-commerce
Peach Payments, Callpay launch EFT payment system for SA e-commerce

South African mobile payments startup Peach Payments has partnered secure payments solution Callpay to provide automated electronic fund transfers...

By Tom Jackson 1 Mar 2017

Discott via
Massmart shareholders get good returns, as sales reach R91.3bn

Massmart, majority owned by WalMart, announced its full-year results for the 52 weeks to December 2016, indicating good margin management and astute expense control...

24 Feb 2017

Budget speech announces further consultations on sugar tax, welcomed by industry
Budget speech announces further consultations on sugar tax, welcomed by industry

Finance Minister Pravin Gordhan's announced in his Budget speech on 22 February 2017 that there would be further consultations on the tax on sugar-sweetened beverages...

23 Feb 2017

Dawie Roodt comments on Trump, Africa, retail growth
Dawie Roodt comments on Trump, Africa, retail growth

Economist Dawie Roodt shared his insights on the local and global economic landscape for retailers at the first quarterly networking breakfast...

23 Feb 2017

The wages of sin rise ever higher - and the net is thrown wider
The wages of sin rise ever higher - and the net is thrown wider

If you enjoy a cigarette with your rum and coke, your wallet will face a triple threat this year...

By Bianca Capazorio 23 Feb 2017

Value added services made easy for South African retailers
Value added services made easy for South African retailers

A Cape Town-based fintech business, Electrum, is providing retailers and banks with the technology platform that they need to connect their systems to VAS providers...

22 Feb 2017

Alibaba unit invests $200m in South Korea's Kakao Pay
Alibaba unit invests $200m in South Korea's Kakao Pay

Alibaba's payment affiliate Ant Financial will invest $200 million in a unit of South Korean messaging giant Kakao, the companies said on Tuesday...

21 Feb 2017

South African online spend expected to reach R53bn by 2018
South African online spend expected to reach R53bn by 2018

PayPal's third annual global report on cross-border trade, in partnership with Ipsos, is predicting that South African online spend will grow to over R53 billion...

21 Feb 2017

Buffett's Walmart sell-off is bad news for retailers
Buffett's Walmart sell-off is bad news for retailers

Billionaire investor Warren Buffett has dumped 90% of his Walmart shares, worth $900m...

By Colleen Goko 20 Feb 2017

Woolworths' earnings per share drop
Woolworths' earnings per share drop

Despite difficult trading conditions in both South Africa and Australia, Woolworths Holdings announced that group sales increased by 6.7% to R37.8bn and profit before tax increased 37.9%, following the sale by David Jones of its Market Street property in Sydney for a profit of $172m (R1762m)...

17 Feb 2017

Woolworths CE Ian Moir.
Picture:
Woolworths confirms more local sourcing

Woolworths is looking to source more goods from SA and SADC and, despite ‘tough' retail scene, expects to grow market share...

By Colleen Goko 17 Feb 2017

The case for investing in SA's fuel retail sector
The case for investing in SA's fuel retail sector

Whether one is considering taking a leap into entrepreneurship or thinking of adding to one's growing business portfolio, investing in the fuel retail sector might offer...

By James Noble 15 Feb 2017

Image via
Moody's withdraws all its ratings on Edcon

Moody's Investors Service has joined other rating agencies and withdrawn all of its ratings on Edcon. Earlier this month S&P Global also announced...

By Colleen Goko 15 Feb 2017

Gold Brands makes ‘hot' investment in Greek burger chain
Gold Brands makes ‘hot' investment in Greek burger chain

Gold Brands Investments has agreed to purchase a 50% stake in Hot Hot B Holdings, which owns Hot Hot Burger Bar, a themed burger restaurant chain...

15 Feb 2017

‘Love Index' shows South Africans still romantic at heart
‘Love Index' shows South Africans still romantic at heart

The annual ‘Mastercard Love Index' reveals South African shoppers feel loved and are spending more on Valentine's Day...

14 Feb 2017

Franchising outlook - challenges to face and sectors to watch
Franchising outlook - challenges to face and sectors to watch

The franchising sector has found its way through the slow economy with industries such as the fast food segment showing growth in 2016...

8 Feb 2017

PIC mum on detail of its Distell stake
PIC mum on detail of its Distell stake

Almost two months since the Public Investment Corporation (PIC) emerged as the unlikely purchaser of Anheuser-Busch InBev's (AB InBev's) 26% stake in Distell...

6 Feb 2017

eCommerce MoneyAfrica Confex opens in Cape Town in February
eCommerce MoneyAfrica Confex opens in Cape Town in February

The third eCommerce MoneyAfrica Confex opens on 22-23 February 2017 at the Cape Town International Convention Centre...

6 Feb 2017

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