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Media Coverage

IT Online - Black Friday a shot in the arm for local economy (by Capital Connect, leading fintech business funding provider to SMEs in South Africa)

Black Friday sales are forecast to generate an additional R88-billion in November for South Africa’s wholesale, retail, and fuel sectors, according to research from fintech Capital Connect.

The study shows that retailers in South Africa will generate R22-billion in additional direct revenues due to Black Friday sales this year, as well as generate R28-billion in indirect economic impact. In this same period, the wholesale sector will gain additional sales of R32,1-billion, while an additional R6,2-billion in fuel sales will be generated.

SABC News – Capital Connect advises that Consumers and Retailers eagerly await Black Friday 2024

Capital Connect advises that Consumers and Retailers eagerly await Black Friday 2024

Hot 102.7FM - New consumer behaviour research has been released!

Find out about the latest consumer behaviour predictions and trends that will increase retail sales in 2024.
Please click here to listen to the broadcast

Bizcommunity - How South African retailers can capitalise on the cold season

For many retailers, winter is one of the weakest periods for retail trading in South Africa, however, a big data analysis commission by Capital Connect shows that retail sales tend to pick up in winter after the quiet autumn months.

Research conducted by the Bureau of Market Research (BMR) finds that retailers can profit by stocking up on pharmaceutical goods, winter clothing and certain foods and beverages.

Tech Central - Biometrics: the key to more secure and efficient ATMs in retail

Biometrics-enabled ATMs have a key role to play in promoting more secure retail environments and enhancing accessibility to financial services in South Africa. That’s the word from Patience Rolls, executive head of cash and ATMs at EasyPay Cash, one of the automated cash management solutions offerings at Cash Connect, and part of Lesaka Technologies.

MoneyWeb - Easter shopping season expected to boost sector by R2.2bn

The Easter shopping season is anticipated to mark the beginning of a retail turnaround in South Africa, as indicated by a mixed method research study conducted by Capital Connect.

The weakened retail enviroment stemmed from low domestic economic growth, leading to rising unemployment and heightened consumer financial vulnerability.

Retail Brief Africa - Ten reasons why retailers should support cash buyers

South African retailers that go completely cashless potentially risk excluding large portions of their customer base. With nine out of ten transactions in South Africa still made in cash, removing this option limits customer choice in payment methods.

That’s according to Mark Templemore-Walters, Operations Director at Cash Connect, part of the Connect Group. He says that cash still has a vital role to play in the retail ecosystem, especially for unbanked and underbanked consumers who still form around 15% of the population.  

The South African - AI to catalyse growth and transform customer experiences in retail

South African retail industry is likely to ramp up its investment in automation and artificial intelligence (AI) in 2024 as it looks for new ways to drive innovation and outsmart its competitors.

This aligns with global trends, with research from Honeywell showing that six in 10 retailers worldwide plan to adopt AI, machine learning and computer vision over the next year to enhance the shopping experience.

Citizen - E-commerce: Why Shein and Amazon are thriving and how SA platforms need to catch up

South African retailers need to sharpen their customer offerings and create omni-channel experiences or risk losing more and more business to international giants.

There’s nothing more convenient than shopping while lounging on your couch in your comfy pants – which is why e-commerce has grown its market share stealthily over the last few years.

The Citizen - Black Friday: Here’s what retailers are doing to get a slice of the billions

South Africans are not the only ones gearing up for Black Friday – retailers are equally upping their game to cash in on the pre-festive season fever.

While 2023 proved to be economically challenging for businesses and households alike, retailers are planning to make up for financial losses incurred throughout the year.

Estimates indicate that R60.4 billion will be spent in retail over the November and December period.

Memeburn - Is Black Friday the silver bullet for both business and consumer?

Black Friday which was once associated with an American retail event has gained significant popularity in South Africa.

The massive shopping gateway that occurs on the last Friday in November has been rumored to be the silver bullet, paving the gateway to various opportunities for businesses to accelerate their growth to maximize profits.

Formal retail sales for Black Friday and the festive season are expected to top R60.4 billion.

CNBC Africa - Black Friday will see general dealers and retailers getting R24 billion boost

Please click here to view the broadcast

Cape Business News - The pros and cons of home delivery as ecommerce surges past R55 billion a year

With ecommerce in South Africa breaching the R55 billion a year barrier, home delivery has become a way of life for the country’s consumers. Yet delivery isn’t the right fit for every retailer’s customer base or business model. Each merchant should balance the potential revenue gains against the costs and drawbacks of home delivery.

Media Coverage

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The Connect Group is a member of Lesaka Technologies, Inc
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