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News

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Wed, 26 Jun 2019
How Jumia claimed Africa

Jumia, Africa’s largest online retailer, was founded in 2012 by Sacha Poignonnec and Jeremy Hodara, who were both former employees of the American worldwide management consulting firm, McKinsey & Company.

Jumia offers customers the ability to buy products online, like phones and shoes, as well as groceries, flights, food delivery, and offers bill paying and cellular data plans. The company sought to build an online shopping experience, among other digital products, that could work well with Africa’s sometimes ineffective infrastructure.

According to Chinese state-run news organization China Daily, Alibaba serviced 4.2 million African customers through its AliExpress services since it entered the continent. Jumia serviced 4.3 million users and 81 thousand active sellers in the 14 countries it services since it started. Amazon is available in 11 countries on the African continent, but neither Amazon nor Alibaba have had the benefit of getting their start in African countries. Jumia, for example, offers unique features like allowing customers to pay for items upon delivery.

Jumia’s stock price rose 75.6% on April 12 when it went public, giving it a market cap of $3.9 billion. And even though it had about $1 billion in losses at the time, the prospective shareholders were forgiving.

In May of 2019, Jumia came under fire from Citron Research, a stock commentary website run by short seller Andrew Left, for what Citron claimed was securities fraud and discrepancies in its reported key financial metrics. The report released by Citron brought Jumia’s stock down over 40% in two days.

Citigroup, one of Jumia’s IPO underwriters, released a report debunking most of Citron’s allegations, but noted that, “Jumia could do more to provide disclosure on some aspects of its operations, as a matter of transparency and best practice.”

Source: https://www.cnbc.com/2019/06/25/how-the-amazon-of-africa-came-to-be.html

Image Source: https://venturebeat.com/2017/10/14/the-7-biggest-unicorns-youve-likely-never-heard-of/

 

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Mon, 24 Jun 2019
KFC to remove plastic straws from 900 restaurants by 1 July

KFC South Africa has officially announced the removal of plastic straws in over 900 restaurants across South Africa, helping to eliminate 60 million plastic straws a year.

The announcement was made at the Origins Centre at Wits University and forms part of a new global sustainability commitment from the business that all plastic-based packaging items will be recoverable or reusable by 2025.

Impacting the narrative on plastic

This commitment supports KFC’s long-term plan to implement a more sustainable packaging strategy in its restaurants – by developing a roadmap for using sustainable packaging options –building on the progress of plastic straws. In addition to this, and as part of its ongoing efforts to adopt more sustainable practices, the brand has already removed disposable plastic beverage cups from its KFC head office.

“As a global brand that operates in 900 restaurants in South Africa, KFC can have a real impact on how the industry approaches single-use packaging. With environmental sustainability as a core aspect of how we do business, this commitment represents a public acknowledgement of the start of our journey as KFC to address these issues to have a positive effect on our environment. In South Africa we have secured a local supplier for our paper straws, stimulating local business, and economies,” remarked Thabisa Mkhwanazi, KFC Africa’s public affairs director.”

“Additionally, while we are aware that KFC joins an already existing global war on plastic, but as a fast food giant, we are doubly aware of the sheer scale of our business to be able to profoundly impact the narrative on plastic.”

The final straw

“The Origins Centre is excited to collaborate with KFC. The significance of Origins is sharing the evolution of mankind, and so it is fitting that they are here today to mark this evolution in their business, and we applaud their move. Off the back of World Ocean Day, this is a fitting announcement as we know plastics significantly impact our environment. We have been happy for KFC to erect an exhibition here at Origins that will be on display for 2 months to mark the final straw and raise awareness and educate on the use of plastics and its impact,” says Amanda Esterhuysen, Origins museum director.

As one of the leading QSR brands in the industry, KFC remains committed to embarking on initiatives that uphold environmental standards in the communities where they operate. They, therefore, believe it’s their responsibility to take the necessary measures and implement practices that will ensure the reduction of their environmental impact as much as possible.

“This moment in our history is just the beginning. It started with the straw. This is our final straw,” concludes Mkhwanazi.

Source: https://www.bizcommunity.com/Article/196/348/192257.html

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Wed, 12 Jun 2019
DHL rolls out e-commerce platform to more markets in Africa

DHL Africa eShop has seen impressive growth since launching and has now been rolled out to nine more countries across sub-Saharan Africa.

Following the success of the DHL Africa eShop (www.Africa-eShop.DHL) app in 11 countries across sub-Saharan Africa, DHL Express has announced that its innovative mobile and desktop platform has been rolled out in nine more countries across the continent.

Hennie Heymans, CEO of DHL Express sub-Saharan Africa, says that they’ve seen impressive growth in usage of the DHL Africa eShop app since it was initially brought online in South Africa, Nigeria, Kenya, Mauritius, Ghana, Senegal, Rwanda, Malawi, Botswana, Sierra Leone and Uganda in April this year.

“The uptake and usage of this platform over the past seven weeks has been incredible, with exponential growth in subscribers and physical orders. Based on this rapid growth and the positive feedback that we have received from the market, DHL Express has decided to proceed to the next phase of the rollout as quickly as possible. The platform is now live for consumers in in Cameroon, Democratic of Congo, Cote d’Ivoire, Gabon, The Gambia, Madagascar, Mozambique, Tanzania and Zambia.”

The DHL Africa eShop enables African customers to shop directly from over 200 US- and UK-based online retailers, with purchases delivered to their door, by DHL Express. This solution was developed in partnership with Link Commerce – a division of Mall for Africa.

Heymans notes that there is a growing demand for world-class online retail services in Africa. “As one report by the McKinsey Global Institute shows, Africa has a fast-growing middle-class consumer market which is embracing the internet at an astonishing rate. By 2025, the projected internet market penetration is expected to reach around 50% for the continent, with around 360 million smartphones expected to be in circulation. DHL Africa eShop provides the perfect solution for African consumers to access global brands.”

The DHL Africa eShop app offers African consumers unprecedented access to international retailers on an easy-to-use platform, with great convenience and speed. It also enables many global brands to connect with a captive African market – markets that were often overlooked due to the perception of high complexity and uncertainty.

“As the global leader in express logistics, DHL is well positioned to connect African consumers with these exciting global brands. We are committed to driving e-commerce growth on the continent on all fronts. We work with thousands of e-commerce brands in Africa, and help them to reach global customers, and now with our DHL Africa eShop, we also connect African consumer to global brands,” concludes Heymans.

Source: https://www.bizcommunity.com/Article/196/553/191776.html

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