Cash is king but it Needs to be Protected

Cash usage in South Africa as a percent of its gross domestic product (GDP) is over 58 percent and the retail sector contributes an estimated R707 Billion to GDP.  The majority of transactions continue to be made with cash with over R136billion in circulation in South Africa alone. The value of ATM withdrawals in South … Read moreCash is king but it Needs to be Protected

Survey Shows Consumer Landscape Shifting

The latest Nielsen Consumer 360 survey (www.nielsen.com) has shown the South African consumer landscape is set for a multitude of shifts in the next ten years, with the Generation X (35 – 49) market set to take the lead as primary consumers.   The Nielsen research looked at whether retailers and manufacturers are equipped to … Read moreSurvey Shows Consumer Landscape Shifting

VAT Increase a Headache for Unprepared Retailers

The looming VAT increase, due to be implemented on the 1st April will impact retailers, especially those that use paper price tags.  This according to a spokesperson from NEC XON Retail, which supplies Electronic Shelf Labels to large retailers like Pick n Pay, SPAR, BP Express and other retailers. Larger retailers who have to update … Read moreVAT Increase a Headache for Unprepared Retailers

Retailers concerned about shopping mall robberies

As the SA Police Services released their crime statistics which showed the number of armed robberies has leaped by 18.9 percent from 35 869 to 42 646 in the past year in Gauteng, the Consumer Goods Council of South Africa has echoed the sentiment of retailers in condemning the latest shopping mall robberies. According to information reported … Read moreRetailers concerned about shopping mall robberies