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Retailers set to lose billions as card-not-present fraud rises
Retailers set to lose billions as card-not-present fraud rises

Retailers stand to lose $71 billion globally from fraudulent CNP (Card-Not-Present) transactions over the next five years...

21 Jun 2017

Left to Right: George Steyn (Chairman), Sean Walsh (Managing Director) and Graeme Sim (FD Director) of Kaap Agri Limited
Kaap Agri sees good demand at listing

Farming community retailer Kaap Agri enjoyed a strong debut on the JSE. The company reached as high as R64.01 in steady trading volumes...

5 hours ago

Kaap Agri Limited Directors celebrating the listing at the JSE
Kaap Agri lists on JSE in speciality retailer sector

Kaap Agri Limited, specialising in retailing and trading in agricultural, fuel and related retail markets in southern Africa, has listed in the “Speciality Retailer” sector of the JSE's Main Board...

2 days ago

#StartupStory: Flexpay
#StartupStory: Flexpay

In the #StartupStory spotlight this week is Flexpay: a product created in response to the high demand in the market for purchasing goods via piecemeal payments...

By Ilse van den Berg 19 Jun 2017

Jumia Food's Duncan Muchangi and Sodexo Kenya's Neil Ribiero.
Sodexo and Jumia Food Kenya partner on mobile payment solution for employees

Sodexo Group has signed a new partnership with Jumia Food Kenya to offer employers a seamless mobile solution dubbed M-Kula...

8 Jun 2017

Muvhango Lukhaimane, pension funders adjudicator. Photo: PFA
PFA penalises RA fund for breaching duty of care

The Pension Funds Adjudicator has ordered Discovery Retirement Annuity Fund to refund a member R16,740.65 for unlawfully deducting an early exit fee...

2 Jun 2017

Mr Price Group accused of breaching National Credit Act
Mr Price Group accused of breaching National Credit Act

The National Credit Regulator has referred Mr Price Group to the National Consumer Tribunal for breach of the National Credit Act...

2 Jun 2017

Six trends in retail payments
Six trends in retail payments

Payments technology plays a critical role for retailers, ensuring a fast and smooth shopping experience for consumers, as they transact billions of rand every month...

1 Jun 2017

NetFlorist enables shared payments
NetFlorist enables shared payments

NetFlorist has introduced GiftTogether, a new payment initiative which allows one to get together with other people, select a gift and share the costs...

23 May 2017

Nod for Steinhoff Africa assets spin-off
Nod for Steinhoff Africa assets spin-off

Analysts have praised Steinhoff's decision to list its African assets separately, saying the move allows the businesses to emerge from the shadow of its international operations...

By Colleen Goko 19 May 2017

Contactless payments forecast to exceed $1tn by 2019
Contactless payments forecast to exceed $1tn by 2019

The global value of contactless transactions made via payment cards, mobile and wearables, will reach $1.3 trillion by 2019...

16 May 2017

African Pioneer in brand plan
African Pioneer in brand plan

Eastern Cape businessman Stephen Dondolo says his black-owned investment firm African Pioneer Group plans to enter the beverage market...

11 May 2017

Shoprite interest up as Basson sells stock
Shoprite interest up as Basson sells stock

In an unprecedented move, Shoprite/Checkers is being forced to repurchase R1.8bn worth of shares from former CEO Whitey Basson...

By Ann Crotty 8 May 2017

JSE launches Soya Bean Crush futures contract
JSE launches Soya Bean Crush futures contract

Following interest from both soya bean processors and commodity traders, the JSE launched a Soya Bean Crush futures contract, providing simultaneous exposure to soya beans as well as its processed by-products...

8 May 2017

Cash usage costs SA consumers R23bn
Cash usage costs SA consumers R23bn

At the World Economic Forum (WEF) on Africa, being held in Durban, Mastercard released the ‘Cost of Cash for Consumers in South Africa Study...

5 May 2017

Professor Adré Schreuder, CEO: Consulta
Survey: Customer satisfaction is what differentiates life cover providers

Metropolitan has come out tops in the latest South African Customer Satisfaction Index for life insurance...

5 May 2017

Egyptian online grocery startup GoodsMart raises $750k
Egyptian online grocery startup GoodsMart raises $750k

Egyptian online grocery service GoodsMart has raised $750,000 in funding from Algebra Ventures, which will go towards growing its operational capacity...

By Tom Jackson 3 May 2017

Will bots dominate customer service?
Will bots dominate customer service?

While bots are hard at work behind the scenes, and becoming more visible in some parts of the front-office too, they're unlikely to oust human beings...

3 May 2017

Screengrab from the Clicks health hub.
Value offerings enable increased profit

Clicks has maintained its operating margins despite a heavy promotional market and depressed economy...

25 Apr 2017

Image source:
Downgrades clip Pioneer's wings

Pioneer's expansion plans have been thwarted by the downgrades by ratings agencies of SA's sovereign debt...

24 Apr 2017

convisum ©
Massmart sales signal slump

Consumers spent less in Massmart's comparable stores in the first quarter of 2017, a trend that could continue into the rest of the year due to the constrained economic environment.

24 Apr 2017

Alhovik © –
Mastercard introduces biometric shopping card

Mastercard has launched a biometric card that uses fingerprints to enable purchases, revealing that it had been piloting the card, a global first for the company, in SA...

21 Apr 2017

gopixa © –
Pick n Pay delivers sustainable growth in ‘new normal' environment

Pick n Pay announces 18% growth in headline earnings...

20 Apr 2017

FNB awarded Best Retail Bank in Southern Africa by Banker Africa Awards
FNB awarded Best Retail Bank in Southern Africa by Banker Africa Awards

At the recent annual Banker Africa - Southern Africa Awards 2017, FNB was selected as the Best Retail Bank in Southern Africa...

18 Apr 2017

Ion Chiosea © –
Retailers fall victim to time's cruelty

Retail was pumping in the early 2000s. Sales growth hit a record high of 15.50% in September 2006 and averaged about 12% a year from 2004 to 2007...

By Colleen Goko 18 Apr 2017

Thabo Mabe, CEO of Dangote Flour Mills.
Dangote Flour Mills returns to profitability

Following its reacquisition from Tiger Branded Consumer Goods of South Africa, the Nigerian Dangote Flour Mills has returned to profitability after four years of losses...

13 Apr 2017

(c) Anna Phillips -
Retail sales fall year on year in February

Sales of South African retailers totalled R58.58bn in February 2017, 1.7% lower than the R59.5bn in February 2016...

By Sunita Menon 13 Apr 2017

(c) Ed Sweetman -
Tesco dives into red on accounting scandal

LONDON - Supermarket giant Tesco revealed on Wednesday that it fell into an annual net loss of 40 million due to a costly accounting scandal at Britain's biggest retailer...

13 Apr 2017

(c) 06photo -
Retailers shift away from Africa expansion

Africa is falling off the immediate radar of local retailers after the region posted its slowest growth rate in two decades in 2016, and with the outlook for 2017 looking as unpromising, most companies are changing their focus from expansion to improving customer experience...

By Colleen Goko 12 Apr 2017

How SA's credit rating downgrade will affect SADC neighbours
How SA's credit rating downgrade will affect SADC neighbours

The downgrading of SA's credit rating will also have a regional impact. If the economy is to move into a recession, it will lead to a reduced demand for imports...

12 Apr 2017

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