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Lesaka Technologies: How Fintech Bridges Gaps for Township Merchants
africanretailteam
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December 12, 2024
Lesaka Technologies highlights that merchants in South Africa’s cash-driven township and rural economy remain underserved by mainstream financial services. This gap creates a significant opportunity for fintech companies to develop
ZURU Revolutionises Toy Retail With Bold In-Store Branding Across Leading South African Retailers
africanretailteam
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December 11, 2024
ZURU is reshaping the South African toy retail landscape with its innovative in-store branding across major outlets such as Checkers, Toys R Us, and Toy Kingdom. This strategic move highlights
NIQ Retail Barometer: South Africans Spend R214 Billion on FMCG and Durable Goods in Q3 2024
africanretailteam
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December 9, 2024
NIQ reports that South African consumers have spent R214 billion on Fast-Moving Consumer Goods (FMCG) and Technology & Durable products in the third quarter of 2024, reflecting a year-over-year growth
Pick n Pay South Africa Posts Wider Loss but Sees Recovery Ahead
africanretailteam
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November 11, 2024
Pick n Pay, South Africa opens a new tab. On Monday, it reported a wider half-year loss, reflecting trading losses in its core supermarket business alongside higher borrowing costs. Still,
Coca-Cola Beverages Africa Invests $50 Million in Namibia, Boosting Production Capacity by 30%
africanretailteam
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November 7, 2024
Coca-Cola Beverages Africa (CCBA) has invested $50 million in a new bottling line in Namibia, which can produce 27,000 bottles per hour. This upgrade will increase the plant’s output capacity
Pargo, South Africa’s Logistics Company, Expands into Egypt After Securing a $4 Million Funding Boost.
africanretailteam
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November 5, 2024
Pargo, a South African eCommerce logistics startup, has announced its expansion into Egypt following a successful $4 million funding round. The funding round was led by 3Capital Ventures formerly part