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....
Mindful consumers drive changes in Black Friday trends
Nedbank has identified a small number of significant trends in consumer spending behaviour during the recent Black Friday period, which it says not only point to the continuing evolution of South Africa's retail landscape, but also to a greater awareness by South...
Africa short on investment to meet SDGs
Africa is not getting the investment needed to help the world meet the UN's Sustainable Development Goals (SDGs) by 2030, new research from Standard Chartered has revealed. "The $50-Trillion Question" study investigates how some of the world's largest asset managers -...
CEOs commit to paying SME suppliers within 30 days
In an effort to ensure small and medium sized businesses (SMEs) in South Africa survive the economic crisis, exacerbated by the Covid-19 pandemic, more than 50 large companies have formally committed to paying their SME suppliers in 30 days. The initiative, called...
Western Cape aims to grow screentech sector
The Western Cape Department of Economic Development and Tourism (DEDAT) is inviting startup companies operating in any facet of the screentech space to take part in upcoming Community of Practice (CoP) workshops. Hosted by Loudhailer and Silicon Cape, the first...
AYO expects lower earnings
The AYO Group has posted a trading statement, warning of lower earnings for the year ended 31 August 2020. The group expects to report basic earnings per share (EPS) of between 4.34 and 10.58 cents per share, representing a decrease of between 75,8% and 90,1% compared...
Digital investments top of mind for CFOs
Chief financial officers (CFOs) face a daunting list of digital priorities for 2021, from the implementation of advanced data analytics and robotic process automation (RPA) technologies to accelerating digital skills among their teams. A Gartner survey conducted in...
Black Friday expected to shift to online sales
Comparable to the consistent growth in transaction volumes between Black Friday and Cyber Monday over the past four years, FNB expects e-commerce to continue gaining momentum as one of the preferred shopping channels this year. In 2019, during the Black Friday weekend...
Covid-19 drives SA consumers to e-commerce
The Covid-19 pandemic continues to have a major impact on shopper behaviour - not only from a decline in spending but also in how they shop. With social distancing restrictions, a possible second wave of infections, and adaptations to new lifestyles, the crisis is...
US shoppers go online
Online shoppers in the US spent $218,1-billion on retail purchases during Q3 2020. It was a 50% increase over the $145,5-billion spent in Q3 2019 according to the US Commerce Department. According to the research data analyzed and published by Stock Apps, it was also...
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