Pick N Pay Launches New Money Transfer Service, Now the Most Affordable in the Retail Market

Pick n Pay has set a new standard in affordability and accessibility with the launch of its store-to-store Domestic Money Transfer service. At R8.00 per transaction, it is the cheapest price for customers within retail stores. The informal cash usage in the country remains high, and this service will be interoperable across all Pick n

What Retailers Should Be Taking Note of in the Wake of Shoprite’s Knockout Sales Performance

Shoprite recently announced its remarkable half year sales results proving that its retail strategy is hitting all the right marks. Faheem Hoosen, Partner at BDO South Africa., unpacks these results and shares some insight into the learnings that other retailers can take from this success. Shoprite, a leading South African grocer which owns brands such

Four Business Trends to Navigate the Economic Future – Yoco

Physical retail businesses remain crucial in the South African landscape, catering to the preferences of many customers. However, as eCommerce continues to surge, these businesses will experience challenges competing with industry giants like Amazon. The trends outlined below are essential considerations for a thriving retail business in an increasingly online world. While they’re not a

More Pick N Pay Smart Shoppers Switching Points for Airtime and Data

Pick n Pay Smart Shopper customers are increasingly spending their points on airtime and data, a popular loyalty reward exclusive for retailer Pick n Pay. Over R1 million worth of points has been switched for airtime and data. Since the Pick n Pay Smart Shopper app relaunch last October, which introduced a seamless points-to-airtime/data conversion

PEPKOR Disrupts Sa’s Loyalty Landscape With +More Digital Rewards Programme

98.7% of South Africans accessed the internet using a mobile phone, according to Statista’s 2024 data. Recognising this trend, PEPKOR, which has the largest retail store footprint in southern Africa, has launched +more, a new digital loyalty programme spanning over 5 000 stores. By introducing this digital platform, the company aims to make customers’ lives

Navigating FICA Compliance for the South African Retail Industry

The South African retail industry operates in a complex and challenging environment. Economic uncertainty, rising costs, and unpredictable consumer demands have created conditions in which retailers must constantly adapt to survive. Loadshedding further disrupts operations and sales, while compliance with regulations like FICA and KYC (Know Your Customer) increases the administrative burdens for retail businesses.

What Will Be Impacting Shoppers and Retailers as 2024 Unfolds? – BDO South Africa Incorporated

The retail sector has faced a gauntlet of challenges: a rise in megatrends that are reshaping the sector, and increasingly innovative and competitive markets over the past four years that have significantly shifted shopper behaviour. In turn, retailer strategies have had to be agile enough to handle the unpredictability and fluctuations. Serena Ho, Director and

Africa’s Thriving Consumer Market to Shine at 30th Edition of SAITEX

Africa has one of the world’s fastest growing consumer markets, projected to boast 1.7 billion consumers by 2030. The number of ‘ultra-high net worth’ individuals in Africa with assets exceeding $30 million is expected to grow by almost 50% this year, making way for ample retail opportunities. Consumer and business spending in Africa should reach

The Rise of the Cashless Society – Halo Dot

Jonathan Jacobs, Head of Product and Operations at Halo Dot In recent years, there has been a gradual shift towards going cashless. This is something that is impacting every society around the world. However, in developing countries like South Africa, this transition has become a layered one. Influenced by the divide that separates people when

Can Fast Capital Turn Sa’s SME Challenges Into Opportunities? – Zapper

In the vibrant tapestry of South African entrepreneurship, small businesses stand as beacons of innovation and resilience. As we have ushered in a new year, these enterprises look forward to a landscape that will continue to be marked by both challenges and opportunities, powered by the enduring spirit of South African tenacity and the support

The SPAR Group Is Geared for Further Growth in Southern Africa in 2024 – Adding 2,765 Jobs to the Region in 2023

By Max Oliva, CEO, The SPAR Group Southern Africa South Africa’s economy may be stagnating, but at The SPAR Group Southern Africa, we are pressing forward and making major inroads into creating growth, opportunities, and jobs that are desperately needed. Despite the challenges, which included long bouts of load shedding, tragic wars overseas impacting global

Keeping up With Order Fulfilment in an Always-on and Always-Growing Ecommerce World – Payments and Commerce Market Intelligence (PCMI)

With online sales in Africa on course to top the trillion-rand mark by 2026, the race is on for ecommerce businesses to claim their piece of the pie. Research by Payments and Commerce Market Intelligence (PCMI) indicates that in the next two years the digital commerce market is expected to reach US$72-billion across South Africa,

Take Heed of These New Retail Trends That Emerged Over the 2023 Holiday Season – Nedbank

By Karen Keylock | National Retail Services Manager at Nedbank Commercial Banking South African consumers are under financial strain and, consequently, the way they shop has changed. And with further economic uncertainty expected in the coming year, we expect this evolution to continue. A few trends emerged during last year’s holiday season, which we believe

Growth Opportunities to Look Out For, and Trends to Leverage in the Flourishing World of Ecommerce – Bob Group

Bob Group Managing Director Andy Higgins believes 2024 will be the year online retail in South Africa will start to accelerate and catch up with international uptake. Higgins, who took the reins when marketplace giant bidorbuy (now Bob shop) and logistics powerhouse uAfrica (now Bob Go) amalgamated to form the Bob Group ecommerce ecosystem last

Retailers Turn to BNPL to Drive Sales Amid Declining Growth

South African retailers are turning to interest-free alternative credit options as consumers seek safer and more cost-efficient ways to fund key purchases. This comes amid tough economic conditions and a constrained spending environment. Craig Newborn, CEO at local Buy Now Pay Later provider, PayJustNow, says: “Consumer shopping behaviour is shifting in line with tough economic

Tetra Pak South Africa Joins the Proudly South African Family

Tetra Pak South Africa announced that it has officially become a member company of Proudly South African organization at an event that took place at Monte Casino on 30 January. In attendance was 1st Secretary of Trade and Economic Affairs, Swedish Embassy Mr. Martin Jornrud, representatives from various South African Government departments Department of Trade

Retail Tech | What to Expect in 2024 – Smollan

Once upon a time (literally like last week!) a shopper popped in for a quick pre-holiday shop. Welcomed by a Bot that offered personalised suggestions based on previous purchases – a hassle free push to make their experience “more than”. Drawn into the clothing section, smart mirrors gave them the option to virtually try on

Frontline Retail Workers Can Make or Break the Customer Experience, and in Turn the Business – BDO South Africa

As businesses across the globe work towards making culture and employee wellbeing an integral part of their organisations, the retail industry should consider this when it comes to their retail employees says Serena Ho, head of consumer market at BDO South Africa Inc. Here they discuss the important role of retail employees in powering the

What Generative AI means for Retail – Accenture

By Sheetal Patel, Retail lead and Junaid Kleinschmidt, Digital Marketing Strategy and Intelligence lead for Accenture, Africa In the span of a year, the landscape of artificial intelligence has undergone a remarkable transformation. Until late 2022, few people outside of cutting-edge artificial intelligence had heard of Large Language Models (LLMs) or Generative AI. Now, it’s

Paradigm Shifts in Retail as Big Brands Embrace Direct-To-Customer Strategy – Paystack

By Joel Bronkowski, South Africa Country Lead at Paystack In the ever-evolving landscape of retail, a notable turn has taken centre stage as multiple brands continue their transition from traditional brick-and-mortar sales to a dynamic fusion of ecommerce platforms. This move has not only redefined the way businesses operate but has also enhanced their capacity

RCS Continues to Revolutionise SA Credit: Expanding their Retailer Network & Payment Options for Greater Customer Choice and Convenience

South African shoppers want choice and convenience. Recognising this, retail consumer finance provider, RCS, is offering real, tangible value to its customers. By expanding its partner network, payment options and embracing cutting-edge technology, RCS is not just keeping up; it’s leading the way towards greater financial inclusion in South Africa. Credit extended to healthcare products

Makro’s Back-to Pulse: Unveiling 2024 Trends and Shopper Sentiments

Makro South Africa has unveiled the findings of its latest survey – which finds South Africans are feeling positive about the new year. “We embarked on this consumer survey to get insights and sentiment on how consumers are feeling about the new year and ascertain their preparedness in terms of their shopping priorities, channels they

6 Ways Payment Technology Has Revolutionised Opportunities for Companies – Paystack

It doesn’t matter whether a company is a small to medium-sized enterprise or a large corporation, or where it’s based, we are all now operating in a global economy. Irrespective of the size of an enterprise, its location or what its product offering is, with the right payment and transaction mechanisms, it can compete equally

Spar’s “More for Sho” Campaign Redefines Festive Season Shopping With Affordability at Its Core

South Africans have faced countless economic challenges over the past year, including numerous interest rate hikes, fuel price escalations, and a surge in food costs. Considering the growing consumer focus on personal welfare and financial survival, SPAR has committed to ensuring that this festive season is one of both joy and financial ease. Historically, this

Builders Opens Vereeniging’s Ultimate DIY Express Hub

Builders has opened its latest express format store at River Square Mall on 23rd of November 2023 to bring all the latest and innovative DIY, building materials and alternative energy solutions to Vereeniging. The brand-new express store will be a paradise treat for avid home improvement and DIY-enthusiasts’ to swing by for a visit and

Tarsus on Demand Launches Digital on Demand Division, Aimed At Accelerating Digitalisation for SMB Businesses

In a strategic move to bolster the digital transformation of small-to-medium-sized businesses (SMBs) across South Africa and Africa, Tarsus On Demand is proud to announce the launch of Digital On Demand, and it’s Digital Business Hub Marketplace. This comprehensive digital business hub is designed to empower SMBs on their digitalisation journey, addressing the unique challenges

Shoprite Calls for Action to Counter Food Insecurity

By 2025 nearly half of South Africa’s population will be food insecure, with 48.96% of the population potentially not having enough to eat. Provincially, Limpopo will suffer the worst food insecurity with 54% of the population not sure about where their next meal will come from. Although in the Western Cape and Gauteng the numbers

Is It Time to Re-Imagine Black Friday in the African Context? – Absa

Chipo Masawi-Butayi, Coverage Banker: Consumer Goods & Services at Absa CIB and Pauline Manyoki, Product Manager at Absa Bank Kenya American novelist, Herman Melville once wrote: “It is better to fail in originality than to succeed in imitation.” This quote felt apt as we review consumer habits and the annual “Black Friday” and “Cyber Monday”

The Power of the Scaffolding Software Development Approach in Retail – redPanda Software

Niel Coetzee, Head of Engineering at redPanda Software In recent years, many South African retailers have come to rely on no-code and low-code solutions which ostensibly simplifies the software development process. While the appeal is undeniable, these methods often trap businesses in a web of unoptimised code, vendor lock-in, and restricted adaptability. Traditional low-code and

Pick N Pay Reports Disappointing Result for the Six Months but Delivers Good Growth in Key Areas

The Group experienced a particularly challenging period, delivering a disappointing result at a time of high load shedding costs and increased competitive intensity. The Group spent just under R400-million on diesel which added to expense growth, and limited its ability to respond to strong competitor promotional activity. Group turnover growth was 5.4% (like-for-like 2.3%), with

Tetra Pak Partners With Clover to Launch New Packaging to Boost Product Differentiation

For the first time in South Africa Clover Tetra Pak’s long-standing customer will produce their premium custard “Clover Bliss Double Cream” using the new Tetra Pak® Tetra Brik® Aseptic 1000 Square Metallic packaging material which will help products stand out on the shelf. Clover is one of the largest branded consumer goods companies in South

South African Consumers Forge a New Shopping Path – NIQ

According to NIQ, 99% of South African consumers have changed the way they shop for FMCG (95% globally) and have adopted a range of strategies to manage their spending. The three top saving strategies are buying whatever brand is on promotion (34%), shopping more often at discounters (40%) and focusing on essentials (46%). These findings

Pick N Pay Smart Shopper Innovates With New Digital Platform

Pick n Pay, a trailblazer in the loyalty space, celebrates its pioneering spirit as it embarks on a digital transformation journey with the launch of the Pick n Pay Smart Shopper app. This marks the start of a new era of customer engagement and convenience for Smart Shopper as it aims to become South Africa’s

Pick N Pay Works to Further Reduce Emissions With Help of WWF South Africa

Pick n Pay has extended its partnership with WWF South Africa as it works to achieve net-zero carbon emissions across its Group by 2050. The collaboration with WWF was initiated in 2006 to restore over-exploited fish stocks and evolved into a long-term, transformative partnership. While initially focused on fisheries improvement projects, Pick n Pay and

Shoprite Group Recognised for Transformative Youth Employment Initiatives at Esg Awards

South Africa’s largest private sector employer, the Shoprite Group, has been honoured for its outstanding contribution to the ‘Social’ component of ESG at the Youth Employment Service (YES)’s inaugural Environmental, social, and governance (ESG) Awards this week. The YES programme is a business-driven initiative in partnership with government and labour to build economic pathways for

Sean Summers to Return as Pick N Pay CEO

Pick n Pay announced today that Pieter Boone is stepping down as Group CEO and will be replaced by Sean Summers. Sean returns to the Group following a previous, highly successful, tenure as CEO between 1999 and 2006. Pieter will assist Sean through a short handover period. Chairman Gareth Ackerman commented: “I want to thank

Pick N Pay Pilots First Zero-Waste Supermarket Store

Pick n Pay has launched its first zero-waste supermarket pilot in Cape Town, reinforcing its commitment to reducing food waste. The pilot tests a net-zero waste model by diverting food waste to local farmers, composters or waste-to-energy facilities. All edible surplus food – food that has passed its sell-by date but not its use-by date

How Can Embedded Payments Drive Better Online Retail Customer Experiences? – Paystack

By Joel Bronkowski, Country Lead, South Africa at Paystack With South Africa’s online retail space now worth more than R50 billion and growing continuously, the sector is only going to become more competitive. That’s true for online retailers of all sizes too. At the top of the market, online-only players that have long been dominant

RFG Revenue Up 10% Despite Slower Consumer Spending

RFG overcame challenging trading conditions to increase revenue by 10.0% in the 11 months to August 2023. Growth was driven by price inflation of 13.5% as the group continued to recover the higher input costs encountered over the past two years. CEO Pieter Hanekom said slower consumer spending and increased competitor promotional activity created volume

Checkers Xtra Savings Plus on a Mission to Make Additional Savings Possible for Customers

In an African retail first, Checkers has launched Xtra Savings Plus, a monthly subscription offering unlimited free Sixty60 grocery deliveries, even more personalised offers and an additional in-store discount. After a successful beta trial with customers, the subscription offer is now being made available to all its consumers, at the same price of only R99

How the Shoprite Group is Redefining Shopping in South Africa

The ‘Retail Store of the Future’ is no longer a distant concept. With the integration of cutting-edge technologies including artificial intelligence (AI), Radio-Frequency Identification (RFID), digital advancements and data science, it’s already a reality. To be at the forefront of this evolution, the synergy between business and technology is critical. Technology and business should not

Rentoza Secures Funding from Vumela Enterprise Development Fund and Edge Growth

Started by 4 friends with the goal of enabling more South Africans to access premium products and technology, Rentoza has become the country’s first pure play subscription model for digital goods and appliances. Their bold mission to democratize and dematerialize ownership of technology devices and appliances has enabled them to secure R 18m in finance

Pick n Pay Customers Can Now Buy Selected Products and Pay Later

Selected Pick n Pay formats are ushering in a new era of shopping convenience and affordability with the launch of PayJustNow, one of the fastest-growing Buy Now Pay Later providers in South Africa. PayJustNow empowers customers to split payments into three convenient instalments – through a completely digital application process – which is free of

Omnichannel Strategies: One Size Does Not Fit All In South African Retail – NIQ

By Nikki Quinn, retail lead for South Africa at GfK – an NIQ company South African consumers face a difficult economic environment, characterised by high inflation, low economic growth and persistent load shedding. These challenges have helped to exacerbate the already wide divide between different population groups, making it more important than ever for brands

NIQ Analysis Reveals The Price is Still Not Right for Many South Africans

The latest findings from NIQ’s State of the Retail Nation analysis for Quarter 2, 2023, based on its comprehensive *Retail Measurement Service (RMS) shows that South Africa’s FMCG sector has achieved R621-Billion in annual sales in 2023 reflecting a 13.5% increase. These results unfold against the backdrop of continued global inflation, which has reached record

Makro and Unilever are Saving You Money On Your Favourite Products.

With petrol prices set to soar, now’s the moment to make your money go the extra mile. Makro has partnered with Unilever to help South Africans get their favourite products for the best possible prices, until the end of September. Additionally, Makro, South Africa’s one-stop-shop for affordability and convenience, is running a competition to make

Amplifin Launches Heavyweight Solution for Small to Medium Business

In the dynamic business landscape, growing enterprises encounter an escalating array of challenges that demand innovative solutions. Amplifin recognises that as businesses expand, their concerns multiply – from financial intricacies to operational complexities. The organisation understands that these enterprises require access to cutting-edge technologies, akin to those embraced by larger corporations, but without the financial

Pioneering South African, Raymond Ackerman, Dies at 92 – Pick ‘n Pay

It is with profound sadness that we announce the death at the age of 92 of visionary South African, and founder of Pick n Pay, Raymond Ackerman. He is survived by his wife, Wendy, children Gareth, Kathy, Suzanne, and Jonathan, his 12 grandchildren and four great-grandchildren. Raymond Ackerman founded Pick n Pay in 1967 along

Easily Pay for Groceries at all Pick n Pay Tills Using Bitcoin

South Africans who have a Luno wallet will be able to pay at Pick n Pay with crypto in one easy step by simply scanning a QR code. Crypto payments have been available at over 1 500 Pick n Pay stores since February 2023. But the payment process required customers to download two apps to