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More on the Effects of COVID

It is obvious that the COVID lockdown has had and will continue to have a major effect on the use of traditional office space. Last month the Newsletter raised the cybersecurity and privacy issues raised by having staff working from home, however, if you can solve those challenges, the new normal may be far fewer…

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Call for Action! COVID and Ecommerce in SA

Please may we remind all e-shops or e-platforms to continue to carry the government COVID announcement prominently on your website. EFSA continues to work closely with government with twice weekly conference calls. Government is monitoring sites and has told us that a number of ecommerce sites have removed the COVID link recently. Please let us…

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Insaka – eCommerce Next Level Membership

A membership perfectly suited to South Africans which are already selling online and want to improve their site, increase their traffic, grow their sales and streamline their business. Entrepreneurs and people working for online businesses can come together to help one another by sharing their experiences and knowledge. This community is here to help everyone…

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Interview with Alastair Tempest of Ecommerce Forum South Africa

We had the opportunity to get in contact with our new strategic partner to SAITEX, Alastair Tempest of Ecommerce Forum South Africa. During these times of uncertainty come about times of resilience. In our interview with Alastair we discuss the impact of Covid-19 on the ecommerce industry and how Ecommerce Forum South Africa is addressing this internally…

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RegTech Investment for Africa

The African Investor held a webinar for “RegTech” investment. The African Free Trade Area is scheduled to be launched later this year (the July launch has been postponed due to COVID-19). Investors have recognised the need for funding of certain parts of the regulation that will be set up over time. For example, expanding the…

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New Loyalty Programme for Kenya’s Retail

Kenyan fintech startup CashBackApp is helping fast-moving consumer goods (FMCG) companies to build loyalty amongst customers by allowing them to earn cashback via M-Pesa on their everyday shopping. Formed in late-2018, CashBackApp partners with FMCG companies and retailers, who use the app to reward shoppers with cashback for buying products that they promote on the…

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Flutterwave helps SMEs

The Lagos and San Francisco-based tech company, Flutterwave, has built a digital store for business owners, allowing them to display and sell their products online. They can set prices and choose to integrate their own delivery system or use Flutterwave’s delivery partners such as Sendbox in Nigeria and Sendy in Kenya. Joining the Flutterwave store is…

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Nedbank Joins Others in Rush For Ecommerce Business

AVo, Nedbank’s new digital platform, has been launched. Avo is a “super app” (a multitude of apps aggregated into one), supported by artificial intelligence, safe and secure payments, and bank-grade security and designed to provide customers with access to online shopping and other essential services from a variety of merchants. Products and services currently available…

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Shopify improves its offerings to help e-shops

Shopify has introduced several tools designed to help e-merchants operate their businesses and make online sales. The sudden focus on ecommerce caused by the pandemic has increased the number of merchants looking to improve their online performances by working with solutions providers: The number of new stores created on Shopify’s platform increased by 62% from 13 March to 24 April compared with the previous 6-week period.

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The Economy Post-COVID-19 Era

The volume of world merchandise trade may fall drastically in the first half of 2020 as the pandemic disrupts the global economy, according to the WTO Goods Trade Barometer released on 20 May. The index currently stands at 87.6, far below the baseline value of 100, suggesting a sharp contraction in world trade extending into the 2nd quarter. The Barometer…

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