Cyber Week sales up from last year
Sales during Global online Cyber Week (21 November to 27 November) totaled $298-billion, up 6% year on year (YoY) from $281-billion in 2022. Growth was driven primarily by order volume, rather than inflation, signalling increased consumer demand for the first time in...
FNB customers spend R3bn on Black Friday
FNB customers once again hit R3-billion in purchases on Black Friday, in line with last year's highest spend peak. FNB also saw a positive shift in usage of the FNB Virtual Card, with a 94% year on year increase in customer spend over Black Friday weekend....
Mustek celebrates 10 years with Huawei
Mustek and Huawei have culminated their 10th year of partnership with a gala event to recognise the role of reseller partners in growing the Huawei brand in South Africa. "Over the last 10 years our partners have grown with us," says Mustek CEO David Kan. "Together we...
State of the cigarette market after the ban
Cigarette prices have decreased sharply from their highly inflated levels during the sales ban, but are substantially higher than their pre-lockdown levels. The average retail price of cigarette brands produced by the multinationals is nearly 5% higher than before the...
Telkom, YahClick sign connectivity agreement
Telkom Consumer and YahClick have signed an agreement which enables individual and business consumers to make high quality voice calls and access broadband data packages from anywhere in South Africa using a satellite connection. For Phase 1, Telkom will commence with...
ITU, UN-Habitat partner to accelerate digital transformation of cities and communities
Cities are home to 3,5-billion people, half of humanity, and this figure is projected to rise to 5-billion by 2030. Government, industry, academia and civil society are working together to accelerate the digital transformation of cities and communities to meet today's...
Black Friday, Cyber Monday 2020 were online hits
Online transactions on Black Friday and Cyber Monday 2020 fared slightly better than in previous years as more South Africans chose to do their bargain hunting from the web. 3D-Secure, BankservAfrica's online card authentication service (i.e. transactions that require...
Oliver Fortuin is new group CEO at Seacom
Byron Clatterbuck, who joined Seacom in 2012 as its chief commercial officer and became group CEO in February 2015, has resigned and will be ending his tenure with the company on 31 March 2021. Pieter Uys, chairperson of Seacom, comments: "Mr Clatterbuck has been...
Transactions flat in November, signalling a bleak December
The BankservAfrica Economic Transactions Index (BETI) fell flat in November 2020, suggesting lower economic growth for Q4 2020, which may lead to reduced spending over the December holiday break. "The BETI was 121.8 in November 2020, which represents a 0,1% monthly...
Strong growth for PCD sales in MEA
The Middle East and Africa (MEA) personal computing devices (PCD) market, which is made up of desktops, notebooks, workstations, and tablets, saw shipments increase an impressive 23,5% year on year during Q3 2020, according to industry analysis conducted by...
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