South Africa
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Jumia IPO gives a peek under the hood of African e-commerce
As had been widely anticipated (see our previous story), Jumia is to list on the New York Stock Exchange. Founded in 2012 by Berlin-based Rocket Internet (which currently holds a 20.6% stake), Jumia is part-owned by telecommunications companies MTN (29.7%) and Millicom International Cellular (9.6%), insurance company AXA (5.8%), and alcoholic drinks giant Pernod Ricard
14th March 2019
Categories: SagaRetail News - Consumer - Egypt - Retail & Shopping Malls - Ghana - Algeria - Cameroon - Cote d'Ivoire - Kenya - Morocco - Nigeria - Rwanda - Senegal - Tanzania - Tunisia - Uganda - South Africa - Ivory Coast
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Import restrictions threaten supermarket supply chains in Southern Africa
According to The African Development Bank’s annual African Economic Outlook, which was published last month, such South African retail chains as Shoprite risk becoming victims of their own success in Southern Africa. This is because governments in the region have begun to perceive them as a threat to local economic development and are moving to
25th February 2019
Categories: SagaRetail News - Retail & Shopping Malls - Zambia - Zimbabwe - South Africa
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Starbucks franchisee puts the brakes on South African store growth
Starbucks arrived in South Africa to great fanfare in 2016, but local franchisee Taste Holdings has now halted its rollout of new outlets. There are currently 12 Starbucks cafés in South Africa, up from ten at the beginning of the year. According to Taste Holdings, although its Starbucks’ store network “is profitable at an EBITDA
27th December 2018
Categories: Foodservice - SagaRetail News - Consumer - Retail & Shopping Malls - Kenya - Nigeria - South Africa
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Adeo parks a tank on Massmart’s lawn
French Home Improvement giant Adeo opened its first Leroy Merlin store in Africa during late September. The 17,000m² Leroy Merlin store is located on the outskirts of Johannesburg, just a few hundred metres from a Massmart Builder’s Express. Two more Leroy Merlin outlets are currently under construction in South Africa, with a fourth planned for
29th October 2018
Categories: SagaRetail News - Retail & Shopping Malls - South Africa
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What’s up with Choppies?
On September 21st, Choppies announced that it was to delay publication of its financial results for the 12 months to June 2018, adding that its profits would decline by at least 20% year-on-year.
3rd October 2018
Categories: Foodservice - SagaRetail News - Retail & Shopping Malls - South Africa
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Miniso’s mighty plans
Variety store chain Miniso, which sells inexpensive homewares and novelty items, is rapidly expanding its presence in African malls. It currently has stores in Egypt, Kenya, Madagascar, Morocco, Nigeria, South Africa and Tanzania and big expansion plans.
4th September 2018
Categories: SagaRetail News - Consumer - Egypt - Retail & Shopping Malls - Distributors - Kenya - Morocco - Nigeria - South Africa
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Consultant puts the boot into South African supermarkets
Frans van der Colff, formerly of Shoprite and Food Lover’s Market and now an independent consultant, has accused South African grocery retailers of not paying enough attention to the needs of lower-income consumers. Speaking at a conference called “Seamless Africa” that was held in Cape Town during March, he claimed “They buy in smaller quantities,
27th June 2018
Categories: SagaRetail News - Consumer - Retail & Shopping Malls - Corporate news - South Africa
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Massmart attributes sales dip to struggling South African consumers
Walmart subsidiary Massmart reports that its like-for-like sales declined at an annual rate of 0.5% during the first 19 weeks of the 2018 financial year. According to the company, “There is little sign currently of any economic recovery amongst our lower and middle income consumers.” The bulk of the company´s stores are located in South
26th June 2018
Categories: SagaRetail News - Retail & Shopping Malls - Corporate news - South Africa
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Sagaci Insights: SagaIncome and Socio-Demographics
Finding accurate data on household income in Africa can be challenging due to such factors as inadequate national statistics and bouts of monetary instability. At Sagaci Research, we have leveraged our on-the-ground network, which conducts some 600,000 survey interviews annually, to create a more robust alternative – SagaIncome. Covering five of the continent´s most important cities (Accra, Dakar,
23rd May 2018
Categories: Consumer - Ghana - Sagaci Insigths - Kenya - Nigeria - Senegal - South Africa
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Sagaci Insights: Financial Services in Ghana, Kenya, Nigeria and South Africa
We recently published a series of reports covering the retail banking markets in Ghana, Kenya, Nigeria and South Africa, as well as a broader regional study covering all four countries. These provide data and insight on the penetration rates of financial products, the market for consumer credit and the competitive landscape. What is the penetration rate of financial
4th May 2018
Categories: Consumer - Ghana - Financial Services - Kenya - Nigeria - South Africa