As more people become digitally literate, online shopping has become a thriving market that many South African companies intend to adopt.
New data from FNB Merchant Services shows that the South African online e-commerce market has grown rapidly and is currently estimated at just under R200 billion per annum. Companies such as Takealot, Woolworths and Checkers are all adapting to new consumer habits.
“E-commerce has already exceeded our conservative estimates initially published at the peak of the pandemic, and it’s clearly here to stay,” said FNB Merchant Services chief executive officer Thokozani Dlamini. Online spending on products – other than travel or accommodation – doubled in 2020 by reflecting a 102% increase which saw an additional 39% of growth in 2021, said Dlamini.
“Not all major retailers were prepared for the sudden change, but those that were successful were the ones who would adopt a fast, reliable logistical solution in meeting the delivery demand. Key challenges to overcome were consumer trust in the fulfilment of sales where physical products had to be delivered, and logistical solutions to meet spiking demand,” said Dlamini.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Online schooling in South Africa – what to look out forAs more online schools emerge, experts warn of them not being up to standard.
Read more »
The cheapest new cars you can buy in South Africa from every major brandHere is a list of roughly every major car brands cheapest car in South Africa
Read more »
Trouble for Amazon headquarters in South Africa — court orders construction must stopThe Western Cape High Court has ordered that the construction of Amazon’s planned new Africa headquarters in Cape Town be halted.
Read more »
New internet laws for South Africa – and the case about online comments you should know aboutThe introduction of the Films and Publications Amendment Act (Amendment Act) at the start of March has led to some uncertainty around the status of websites and other online content in South Africa, and whether website owners and operators will be subject to regulation
Read more »
Farm murder, 6 attackers kill farmer (76), assault, tie up wife, Delmas - South Africa Todaya 76-year-old man was killed in a farm at Delmas in the morning of Sunday 20 March 2022. A manhunt for the suspects have been launched
Read more »
HUMAN RIGHTS FESTIVAL: South Africa needs a national education strategy to tackle the school dropout crisisSchool dropout rates have an impact on students, their families and communities, and on society as a whole. While everyone in South Africa is impacted by the phenomenon, everyone has the potential to be part of the solution. Education experts explored the strategies that can be employed to protect learners’ constitutionally guaranteed right to education at a panel discussion at the Constitution Hill Human Rights Festival on Saturday, 19 March.
Read more »