Sokowatch Secures $125M Series B Round, Launches in West Africa, and Rebrands to Wasoko

Tiger Global and Avenir Growth Capital lead Africa’s biggest-ever non-fintech venture financing round for Africa’s largest B2B e-commerce network Sokowatch, the African e-commerce company leveraging innovative technology to transform the informal retail supply chain, has today announced the close of a $125 million Series B equity round, the largest venture financing round ever raised for

PepsiCo Launches Kgodiso Development Fund to Help Build a Sustainable Food System in South Africa

Food and beverage company PepsiCo has launched the Kgodiso Development Fund, a five-year, R600 million investment to help transform the food system in South Africa. It will look to create ‘shared value’ solutions that ultimately help build a sustainable food system by creating local employment opportunities and increasing local procurement and supplier diversity. “PepsiCo aims

Checkers Sitari the First Premium SA Supermarket to Run Entirely on Renewable Energy

Checkers Sitari and the entire Sitari Village Mall located close to Somerset West, Cape Town have become South Africa’s first premium supermarket and shopping centre to run entirely off renewable energy from wind and solar sources. This is part of Checkers’ ongoing commitment to environmental sustainability and comes as the retailer launches an environmental campaign

The Largest Ecommerce Event in Africa is Back: ECOM Africa 2022 is Back in Cape Town in May!

Second-hand products, more sustainable brands and the ongoing delivery revolution are just some of the leading trends that are currently impacting the development of the e-commerce sector and which will be unpacked at ECOM Africa in Cape Town from 4-5 May. This will be the eighth edition of this flagship, specialist gathering in the e-commerce, retail and fintech

KITEA Acquires the Leader in Furniture Distribution in Kenya

The KITEA Group, leader in the distribution of furniture in Morocco, has just announced the acquisition of a majority stake in Furniture Palace Limited, leader in the distribution of home furniture, office furniture and house in Kenya. This transaction in East Africa is KITEA’s first acquisition outside the borders of Morocco and is in line

Plugging into BI = Smarter, Faster More Cognitive Retailing

Global retail specialist Smollan, representing some of the world’s most loved FMCG and commerce brands, explores the benefits that business intelligence brings to the retail industry and how innovation and operational efficiency can be key drivers for growth in this space. Data governance, connected cloud, collaborative BI, self-service interfaces, humanizing data, storytelling, AI, chatbots, DQM

A Boost for Plant Based as LIVEKINDLY Collective Africa gets the Green Light

Amidst growing consumer interest in plant-based foods and more sustainable living, RCL FOODS and US-based LIVEKINDLY Collective are proud to announce the establishment of a local plant-based joint venture, LIVEKINDLY Collective Africa, which was approved last week by the Competition Commission. The joint venture will market, sell and distribute all of LIVEKINDLY Collective’s brands –

Vivo Energy Uganda Sets up Ugx 120m Modern Service Bay Facility at Ministry of Works & Transport Headquarters

Vivo Energy Uganda has officially handed over a dedicated motor vehicle service bay facility installed at the Ministry of Works and Transport offices in Kampala. The facility has a capacity of 20,000 litres and will handle fleet maintenance for all government vehicles. “This installation is one of our tailored solutions for commercial customers and will

WHL Becomes the First Major South African Retailer to Sign up to United Nations Women Empowerment Principles

In celebration of International Women’s Day, Woolworths Holdings Limited (WHL) is proud to announce that it has become the first major South African retailer to be a signatory to the United Nations (UN) Women Empowerment Principles. Developed in partnership with the United Nations Women and the UN Global Compact Office, the Women Empowerment Principles (WEP)

Louis Trichardt Resident new Divisional Financial Manager for OK Furniture

Muungamunwe resident Dzhavhelo Mudau has risen through the ranks at the Shoprite Group and was recently promoted to Divisional Financial Manager at OK Furniture. Passionate about accounting and mathematics, Dzhavhelo set his sights on attending university and moved to Johannesburg in 2014. With support from the Thuthuka Bursary Programme, of which the Group was a

Rapid Growth in Chat Commerce Helps SA Brands Deliver on Customer Service

South African companies are inherently innovative and many local brands are keen to engage with new technologies to better serve their customers. Mobile communications and Chat Commerce specialist, Clickatell, looks at the rapid growth of Chat Commerce in South Africa and shares some advice for companies considering adding chat to their omni-channel offering. The days

1Stream: Five Ways CRM Can Help Your Sales Team Close More Deals

When you give your sales team the right tools to effectively and efficiently manage clients and build a relationship with them, you positively impact your bottom line. 1Stream’s smart CRM is specifically designed to do just that and has helped transform organisations across various sectors in Southern Africa, which understand the value of building meaningful

YUMBI Teams Up with Uber Eats to Put Control Back in the Hands of Restaurant Owners

By integrating its offering with Eats and utilising the Uber Direct services, YUMBI has added a critical delivery component to its data-rich, fully integrated online ordering and customer intelligence solution for multi-location quick service restaurants (QSRs). Leveraging its ten years of industry expertise, YUMBI partners with multi-location QSR brands to ensure they deliver the high-quality

Shoprite Reports Leading Sales Growth Despite Challenging Conditions, Continuing to Create Jobs and Increasing the Dividend

Key information – continuing operations • Sale of merchandise increased by 10.0% to R91.1 billion • Diluted headline earnings per share (DHEPS) increased by 25.2% to 519.3 cents (restated* H1 2021: 414.8 cents) • Adjusted DHEPS** increased by 32.5% to 536.3 cents (restated* H1 2021: 404.8 cents) • The interim dividend per share declared increased

Diebold Nixdorf Launches Cloud-Native Retail Software Platform

Diebold Nixdorf  is excited to announce the launch of Vynamic® Retail Platform, a cloud-native software solution enabling the future of retail. The modular platform offers retailers the functionality and flexibility they need to succeed in today’s environment of rapidly shifting customer needs. Vynamic Retail Platform connects all components of the retail operation, including customer journeys, stores

Global E-commerce Market Projected to Grow 55 Percent by 2025, FIS Study Finds

Key facts: New study shows the global e-commerce market is projected to grow 55.3 percent between 2021 and 2025 to reach about $8.3 trillion in transaction value. The global point-of-sale (POS) market grew 13.4 percent in 2021 to nearly $47 trillion in transaction value, reflecting steady recovery from the impacts of the pandemic. Buy now,

Gordon Perrins to Head Nestlé Mauritius

The new Business Development Manager (BDM) will be in charge of operations for Mauritius and Seychelles Nestlé has appointed Mr. Gordon Perrins as the new Business Development Manager for Mauritius and Seychelles. Perrins assumed responsibility for Nestlé Mauritius and its comprehensive portfolio of products across Breakfast, Coffee, Confectionery, Nutrition and Food categories. The role also

NielsenIQ | Amidst Global upheavals New Data Reveals Full Effects of Consumer Inflation

60% top consumer goods have experienced price increases above inflation South African shoppers are becoming masters of mindful shopping and restraint Amidst the ongoing fallout from the COVID-19 pandemic and the aftershocks of creeping cost pressures and higher basket spend, NielsenIQ analysis of its South African Retailer Measurement Service data has revealed that almost 60%

Philip Morris SA to Accelerate Smoke-Free Ambitions with New Financial Director

Philip Morris South Africa (PMSA) has appointed Buena Barnes as its new Financial Director. The appointment underpins the organisation’s goal to replace cigarettes with less harmful alternatives for those who choose to continue using tobacco, as soon as possible. “As a company we are leading the transformation of the industry in our pursuit to go

MACmobile | Empowering Spazas to be the Pivot Point for Economic Growth and Development

By Andrew Dawson, MD of MACmobile Spaza shops are the heart and soul of many communities, and they have the potential to be so much more, thanks to technology. Mobile technology solutions can help these traders not only move more toward a more advanced trading marketplace, but also help them to become increasingly self-sustainable, spreading

SA’s Retailers get Funding Boost as BNPL Booms

Two South African fintechs, alternative lender Merchant Capital and online payment specialist Payflex, have launched a cash advance solution that aims to breathe new life into South Africa’s growing small and mid-sized retail sector. Known as FlexiAdvance powered by Merchant Capital, the offering is customised and backed by technology to allow access to funding within

Consumer Goods Council of South Africa against increase in Sugar Levy

The Consumer Goods Council of South Africa (CGCSA) has criticised the decision by the government to increase the sugar levy by 2.31 cents per gram saying it will result in unintended consequences of job losses and further contribute to many sustainable farmers losing their livelihoods. CGCSA was responding to the announcement by the Minister of

Celebrating our Global SPAR Team Members

At SPAR, our people are a significant success factor of our business. In a highly competitive environment, it is our talented and dedicated people who make a difference in their communities. The Food Marketing Institute (FMI) has proclaimed February 22 Supermarket Employee Day – a time to recognise food industry employees at every level for

TradeDepot Acquires Accra-based Green Lion to Accelerate Expansion Across Ghana

TradeDepot, the leading B2B eCommerce and embedded finance platform in Africa, has announced the acquisition of Green Lion, the biggest and fastest growing B2B eCommerce platform in Ghana, to accelerate the delivery of its services across the country. Founded in 2018, Green Lion has been committed to revolutionising access to essential goods and services, and

SAS | Creating an Immersive Digital Shopping Experience

While there is still a significant disconnect in South Africa between digital-savvy shoppers and those who make purchases in-store, the pandemic and lockdown conditions have narrowed the gap. That does not mean retailers can rest on their laurels when it comes to the customer experience. Research shows that given the variety of apps available to

Shoprite Group Incubates 30 Additional KZN Food Gardens

The Shoprite Group is further expanding its support of KwaZulu-Natal communities by investing in an additional 30 food gardens in the province. This builds on the success of the more than 15 gardens – including Thubelihle Special Opportunity School and Hlabana Magalele Supplies – in the province already supported by Shoprite. The retailer is incubating

DC.ONE Online Shoe Store Releases Mobile App for iOS and Google Play

South African online shoe store, DC.ONE releases a brand new app for both iOS and Google Play devices. Available for download from February 2022, customers in South Africa and SADC countries will have instant access to their favourite footwear styles from their mobile devices. Since the majority of the traffic to the site is from

Spur Corporation Earnings Up 119% In Strong Post-Lockdown Trading

Spur Corporation increased headline earnings by 119.4% to R59 million in the six months to December 2021 as trading conditions improved with the easing of COVID-19 lockdown restrictions and the strong increase in restaurant foot traffic in the last few months of 2021. Group revenue grew by 40.3% to R441 million due to improved franchised

PAYM8 | AI and M2M take South African Payments and E-commerce to New Heights

While AI and Machine to Machine (M2M) technology are nothing new, they are being deployed with greater speed and efficiency, and in more contexts within the South African payments and e-commerce environment. According to Andrew Springate, CEO of tech and financial gateway service provider PAYM8, the real potential of these technologies is just starting to

Homechoice Invests in SA Buy-now-pay-later Start-up

Weaver Fintech, a new division of omni-channel retailer Homechoice International (HiL), has made its first acquisition, buying an 85% stake in Cape Town-based buy-now-pay-later (BNPL) start-up PayJustNow. HiL is an investment holding company, focused on fintech and omni-channel retail through its subsidiaries. It is incorporated in Mauritius and listed on the Johannesburg Stock Exchange. According

MACmobile | Digitising the Bulk Breaking Process to Deliver Data Intelligence around Customer Profiling

By Andrew Dawson, MD of MACmobile Bulk breakers are a mainstay of the South African retail market, acting as a bridge between wholesalers and small main market retailers. However, as they are typically traditional bricks and mortar stores, it is difficult to build any sort of customer profiling unless they have active loyalty programmes. This

Wesbank Community gets New Usave

Usave opened a new supermarket in Wesbank, Cape Town this week, creating new jobs for residents from the area. Usave Wesbank offers customers unrivalled value for money with a good range of quality, everyday products and services including Ubrand, Usave’s own product range which guarantees 100% quality and satisfaction. Customers can also save time by

SPAR Group Ltd South Africa Retain Top Employer Status

SPAR Group Ltd South Africa earned the Top Employers South Africa 2022 certification for the ninth consecutive year. The company considers it an honour to be counted in the world’s top organisations through this recognition. The retention of the valued accolade bears testimony to SPAR South Africa’s focus on people practices and processes. The continuous

Why South African Retailers need to Invest in E-learning Programmes

As the retail landscape shifts, staff training will become ever more important to business owners and managers, says New Leaf Technologies. The need for retailers to adapt to the ever-changing dynamic of the sector requires that everyone within their businesses is brought up to speed as quickly as possible. Particularly with the move towards online

Meet Engen Lesotho’s new Managing Director

Engen has appointed Tebogo Mosehla as their managing director in Lesotho, with his focus being to grow and strengthen the business in the kingdom. “I’m passionate about making a positive difference to the Lesotho community through Engen’s CSR programmes, innovation and people capability development,” comments Mosehla, whose distinguished journey with Engen began in 2010 when

MoData adds AI-powered Fraud Fighting solution, Resistant AI, to its SaaS Solutions

MoData, a leading provider of innovative, intuitive and intelligent digital business solutions for the financial services, insurance, telcon and retail sectors, has announced a collaboration with Resistant AI to help financial services safeguard themselves and customers against fraud. Resistant AI uses artificial intelligence to help financial services companies combat fraud and financial crime. The partnership

Spur Corporation Sales Update and Trading Statement – 6 months ended 31 December 2021

Trading conditions continued to be impacted by various levels of COVID-19 restaurant trading restrictions in the six months to 31 December 2021 (“the period”), including a prohibition on sit-down trade in July 2021. These challenging conditions were exacerbated by widespread civil unrest in specifically KwaZulu-Natal (“KZN”) in the second week of July 2021. This resulted

Konga set to Dominate E-commerce in Africa – Forbes

Forbes hails Konga as beautiful bride of African e-commerce Konga, Nigeria’s leading omnichannel e-commerce group has been identified as a strong player on the verge of dominating the African e-commerce scene. Forbes, a globally renowned media company, focusing on business, investing, technology, entrepreneurship, leadership, and lifestyle, revealed this in a special feature published in its

Uncertain Dry Beans Outlook Requires Digital Trade Tools

The predictions for this year’s South African dry bean harvest range from negative outlooks from farmers heavily affected by the rains, to positive reviews based on recently released data by industry leaders. As of the end of January 2022 many predict that the total 2021/22 summer crop plantings were at 4,21 million hectares, which is

Smollan | Rise of M-Commerce in Africa

There has been a shift from desktop to mobile as Africa embraces the m-commerce shopping experience. Smollan, retail specialist, unpacks what m-commerce means to the African retail market and what retailers need to do to stay relevant and benefit from this movement. In these quick-connection times, Africa’s mobile economy is on the move as shoppers

Shoprite’s First Female Truck Driver Helps Hundreds more take the Driver’s Seat

Nomusa Caroline Hlongwane, who blazed a trail as the Shoprite Group’s first female driver, is now training the next generation of the Shoprite Group’s highly-skilled team of truck drivers. Hlongwane, who initially had her eye on becoming a teacher, started her truck driving career in 1990 and joined the Group in 2007. Her experience and

Woolworths Achieves 100% Responsibly Sourced Cocoa Target

Chocolate, often referred to as the ‘food of the gods’, is undoubtedly one of our most favourite indulgent treats. But in recent years, as global supply chains have become more transparent, long-standing issues in the cocoa farming industry have come to light, including deforestation and the generational impoverishment of cocoa farming communities. Cocoa is a

1Stream | 5 Reasons Why Customer Experience Management Should be a Core Business Strategy

Putting customer experience front and centre of your business goals is guaranteed to reap rewards for both customers and staff and positively impact your bottom line. The most effective way to do this is to take a holistic approach to customer experience management (CEM) through the implementation of a streamlined omni-channel application platform that keeps

Checkers does it Again!

Checkers Sixty60 has been voted the best online grocery store in both the annual Star Reader’s Choice Awards, as well as the Pretoria News Reader’s Choice Awards. Pretoria News readers also voted Checkers the best everyday grocery store and best liquor store, whilst The Star readers identified Checkers as runner-up in the best supermarket brand

SA Born Venture, The Clothing Bank, Earns Global Recognition for Township Job Creation

• New report reveals the top 100 global enterprises and corporates that drive social impact • The Clothing Bank helps formerly unemployed women and men generate more than R60 million in annual profit Globally, the financial sustainability of Small, Medium and Micro Enterprises (SMMEs) has been under significant pressure. Whether entrepreneurs work in the service

Mozambique & Blue Forest Launch Africa’s Largest Mangrove Restoration Project

The project will be implemented in the biodiversity-sensitive provinces of Sofala and Zambezia, spread across 185,000 hectares of mangrove forests Up to 100 million mangroves to be planted; Total project area of 185,000 Hectares; 200,000 tons of CO2 to be offset annually. The largest mangrove reforestation project in Africa has been launched by Mozambique’s Ministry

NCR Named World’s Largest Restaurant POS Software Provider According to RBR

NCR also has the largest share of POS software installations in restaurants globally, accounting for 25% of software installations, four points greater than the nearest competitor1. “NCR is the restaurant software provider of choice, and the only one with the global reach and scale to provide everything restaurants need to run their operations from end

Woolworths wins Big at the Food Review Symrise New Product Competition Awards For 2021

Woolworths maintains its position as leaders in quality, newness & innovation by taking home awards for eight of their food products. With Woolworths regularly launching new and exciting items to an already impressive food offering, it’s no wonder they’ve stolen the show at the 2021 Food Review Symrise New Product Competition Awards. Hosted earlier this

redPanda Software and IntelliQ Join Forces to help SA retailers Combat Fraud

As South African retailers continue their recovery after two years of varying lockdown levels while navigating fresh headwinds in the form of increased interest rates and record petrol prices, retail shrinkage continues to present a real and growing threat to their bottom line. In an effort to address retail fraud, made worse by increasing digitisation