Kaya 959 Kaya Biz

INSIDE YOUR BUSINESS: Takealot CEO on the state of e-commerce in SA

Loading player...
South Africa’s eCommerce sector is rapidly growing now more than it has ever before. In 2020, South Africa eCommerce grew by 66% compared to the year before. This increase was primarily influenced by the restrictions placed on traditional retail stores that led to the reduction of in-store shopping by 30%. While many sectors of the economy were crippled by varying degrees of lockdown in 2020, online retailers experienced a boom in sales as South Africans avoided shopping malls and stores in favor of home deliveries. According to Stats SA, the market share of online retail in South Africa grew to 2.8% in 2020, double the percentage in 2018. While COVID-19 had a role to play, this surge is expected to grow. Much like how the pandemic changed research for the long term, more South Africans got acquainted with shopping online, experienced the convenience of shopping online and may be shopping online more going forward.
2 Nov 2022 2PM English South Africa Business News · Investing

Other recent episodes

INSIDE YOUR BUSINESS: Transformation fund: opportunity or threat for SMEs?

The government is preparing to launch a revamped Transformation Fund as early as next week, rewriting incentives that have shaped corporate behaviour for more than two decades. Joining Gugulethu today is Jamell Khan from Unconventional CA (UCA), who has been vocal about the risks of centralising corporate transformation funds.
28 Jan 1PM 12 min

SAFDA’s plan to rescue Tongaat-Hulett and protect farmers’ livelihoods

South Africa’s sugar industry faces a critical moment as Tongaat-Hulett, one of the country’s oldest and most prominent sugar producers, confronts provisional liquidation despite ongoing efforts to stabilise the business. South African Farmers’ Development Association (SAFDA), led by Chairperson Dr Siyabonga Madlala, has stepped in to assure farmers and employees…
19 Feb 2PM 17 min

South African professionals are facing a new era of stress

South African professionals are facing a new era of stress, one that is no longer confined to busy periods or isolated pressures but embedded in the fabric of everyday life. The 2025 Profmed Stress Index released on Thursday reveals a workforce grappling with financial strain, toxic workplace cultures, systemic instability…
19 Feb 2PM 11 min
All episodes