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The South African adoption of American retail trends With the increasing uptake of South African retailers adopting the American Black Friday craze, so the hype of South African consumers has seen related hashtags dominating the social media front. On Twitter alone, local Black Friday mentions grew 2,200% year on year, reports Meltwater. Anton van Heerden, Executive Vice President: Africa & Middle East at Sage shares the pros and cons of Black Friday for small businesses. While it's an opportunity to capatalise on this hype, your marketing could struggle to compete with that of retailers with bigger budgets. His hope is to see Small Business Saturday - an American Express initiative that supports small businesses by encouraging consumers to shop local - come to SA. Van Heerden quotes trends expert and founder of Flux Trends, Dion Chang, who says: "We see a massive adoption of North American retail trends in South Africa - it is tested, it works and is already embedded in the minds of South Africans. Africa has an hourglass economy - with the rich getting richer, the poor getting poorer and the middle class being squeezed - people are going for deals just to make ends meet. For big and small businesses, this is definitely an opportunity for them to join and leverage this trend for their brand." Speaking of small businesses worthy of support, I interviewed Debra Bouwer and Shari Akal on their budding flower business, Bouwer Flowers. The duo, who curate surprise bunches based on what's in season at local farms, share their part in the journey of flower-to-table and their joy to bring beauty and 'presentness' into everyday life. Have a beautiful week! Comment online in our ed's column archive. Go mobile with apps and m.bizcommunity.com. Engage with us on Twitter, Facebook, LinkedIn and Google+. Subscribe to YouTube and via RSS. Send all your retail news and event invitations to retailnews@bizcommunity.com, exclusive opinion pieces to contributors-retail@bizcommunity.com and international news to internationalnews@bizcommunity.com. Read "How to contribute to Biz, from op-ed pieces to news". | Weekly top stories |
Supply chain risk in sub-Saharan Africa remains the highest in the world and continued to increase during the third quarter of the year... Read | With South African consumers hyped for #BlackFriday, local e-commerce players and traditional retailers are set to reap the rewards of the global Black Friday sales craze... Read | Robert Laing Tiger Brands reported aftertax profit of R3.3bn for the year to end-September - 3.5 times higher than the previous year's R942m, which was dragged down by a R2.2bn write-down of its Nigerian acquisition Dangote Flour Mills... Read | Anton van Heerden Black Friday is an American tradition that has quickly taken root in Africa. The large online e-commerce shops and the major retail chains in many parts of the continent will be splashing out with big promotions and marketing campaigns to get consumers to part with their cash... Read | Colleen Goko Pick n Pay has introduced tap-and-go technology in its stores‚ and the JSE-listed retailer says this will significantly reduce queues at tills... Read | Lynn Oxborrow When you shop for a new jumper, how much thought do you give to the fate of the one it will replace? Do you dump a jacket because it starts to look ragged, or falls out of fashion? More and more, the clothing industry is wrestling with the same questions... Read |
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|  | Jessica Tennant Brightening the florist space in Cape Town with a fresh perspective for sourcing flowers from local farms and delivering surprise bunches according to what's in season are Debra Bouwer and Shari Akal of Bouwer Flowers... read | |
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 | Kyle Rozendo Increasing sophistication in card fraud is reason for concern. Not only for banks, but most especially for online merchants, who are at risk of losing their ability to trade should they be implicated in repeat fraud attempts and excessive customer disputes... read | |  | Ann Crotty Thirteen months after it first proposed the creation of a controversial black economic empowerment (BEE) scheme, Sovereign Foods has told shareholders it has decided to abandon the plan... read | |  | Marc Hasenfuss Shareholders approve the repurchase of Quantum shares in 'the cheapest investment for the company'... read | | ![Picture: [[http://www.snapscanapp.com/ SnapScanApp.com]](https://biz-file.com/c/1611/370223-120x120.jpg?1) | Mastercard and SnapScan, a mobile payments solution backed by Standard Bank, announced their collaboration at the Mastercard Digital Indaba in Cape Town yesterday, 24 November 2016... read | |  | Tiger Brands saw turnover from continuing operations jump 11% to R31.7bn as group operating income rose 5% to R4.2bn in the year to September, despite what CEO Lawrence MacDougall called "one of the most challenging trading environments we've seen in a long time"... read | |  | Marc Hasenfuss The investment company banked R327m from the Dis-Chem transaction - more than double the value accorded to its indirect stake in Dis-Chem read | |  | Marc Hasenfuss Astral Foods, the Big Bird of the JSE's poultry sector, was ready to swoop on consolidation opportunities in an embattled industry where margins have been shredded by increased inflows of imported chicken and higher feed costs... read | |  | Yoco, a South African point-of-sale payments venture that gives SMEs the tools to accept card payments, gives five reasons to install card machines before the holidays... read | | |
 | Alistair Anderson Having established itself as a retail-focused real estate investment trust (Reit), Vukile Property Fund is turning its attention to an offshore expansion... read | |  | Alistair Anderson Liberty Two Degrees, the real estate investment trust (Reit) vehicle created by investment giant Liberty, will be managed by an external management company (manco)... read | |  | This December's retail trade could well be an improvement on last year, despite 2016's frail and fickle economy. This festive season, people will spend mostly on first-order goods, such as food, pharmaceuticals, services and clothing. In contrast, furniture and other discretionary purchases are likely to be less appealing to shoppers. read | | |
 | With Black Friday taking place this week and Cyber Monday the next, its in one's best interest to ensure a positive shopper experience... read | | |
 | Boris Dzhingarov, Issued by Monetary Library The future of B2B e-commerce should be of interest to every single serious businessman out there. Just look at the top businessmen you should follow and you will see that they often talk about B2B and e-commerce innovations... read | | |
 | At the 2016 International Wine & Spirit Competition (IWSC) Nederburg was announced as the South African Wine Producer of the Year at a gala in London, late last week. This is the second time it has achieved this prestigious award, the first time was in 2012... read | |  | The LaunchLab, a network of university campus-based business incubators, recently ran the Attacq Retail Innovation Challenge in Western Cape and Gauteng universities to test students' retail innovation... read | | |
 | Sindy Peters Did you know that South Africa's Eastern Cape is the mohair capital of the world? I didn't, until yesterday that is when we visited the Mohair South Africa headquarters in PE on a tour... read | | |
 | Earlier this month, the International Wine & Spirits Competition (IWSC) awarded William Grant & Sons the title of Distiller of the Year, the highest honour to be bestowed by the organisation. In addition, the distillery won the title of Scotch Producer of the Year... read | |  | Neels Blom The commercial production of winter cereals for 2016's past season is now expected to be greater than forecast a month ago, according to data released on Thursday by the Department of Agriculture, Forestry and Fisheries' crop estimates committee... read | |  | Colleen Goko Strain could be felt in 2017, food producers say as country swings to importing white maize... read | |  | Pericles Anetos A string of acquisitions helped Rhodes Food grow its turnover 37.2% to R4.1bn during the year to end 25 September... read | |  | DAFF has decided to set the West Coast Rock Lobster total allowable catch for the 2016/17 fishing season at significantly higher levels than recommended by fishery scientists, instead of reducing it by a third... read | | |
 | Sally J'Arlette-Joy From my 20 years' experience of running franchise outlets, franchisees can earn a comfortable living, and in some cases an exceptional living, if they adhere to these 10 basic rules... read | | |
 | With the formal sector's increased investment into new recycling capacity, Mpact Polymers operation accounts for 85 direct jobs and indirectly, an anticipated 1,000 additional jobs are expected to be created within the recycling industry... read | | |
 | According to Deloitte's Global Manufacturing Competitiveness survey, South Africa is ranked 27th in the world, down three places from 2013 and it is expected to slip further down the ranking in the next five to ten years. The rising cost of production, combined with muted investments in technology, is making it difficult for South African manufacturers to compete with their international peers. read | | |
 | Issued by Pyrotec Celebrating its 50th anniversary this year, Pyrotec has many success stories under its belt - one of which is the Pyrotec PackMedia brand that boasts a 34-year partnership with Fix-a-Form International... read | |  | Mark Allix Nampak revenue jumped 11% as trading profit from the rest of Africa surpassed turnover from the group's South African home market for the first time yet in the year to September 30... read | |  | Andries Mahlangu Packaging group Nampak on Monday reported a 48% drop in first-half headline earnings per share (HEPS), affected mainly by foreign exchange losses... read | | |
 | Franny Rabkin The Constitutional Court on Friday refused to give Pick n Pay Retailers an interdict to stop Masstores' Game store from trading as a supermarket at the Cape Gate shopping centre, despite Pick n Pay having an exclusive right to do so... read | |  | Ann Crotty CEO Bernie Brookes prioritises competition authorities' conditions in the group's strategic plan... read | | |
 | Aki Kalliatakis Mid-year seems a little early for Christmas planning, but retailers hoping to put the ho-ho-ho back into yuletide sales are well advised to start early... read | | |
 | Teresa Jenkins, Issued by Litha Communications South Africa and Africa have so many special cultural and commemorative days, so where does 'Black Friday' come from - the African continent?.. read | | ![Bernie Brookes
Picture: [https://www.businesslive.co.za/bd/companies/retail-and-consumer/2016-11-23-edcon-aims-to-win-hearts-and-reap-rewards-in-peak-season/ BDlive]]](https://biz-file.com/c/1611/369868-120x120.jpg?3) | Colleen Goko Edcon says it has implemented targeted initiatives for the peak season in a bid to lure customers back through its doors... read | | |
 | Sewells MSXI, the consulting and outsourcing company specialising in the automotive industry, shared a list of strategies for retail motor dealers... read | | |
 | With Friday, 25 November being Black Friday, it is predicted that many will flock online for great deals but, with so many people online, many cybercriminals will be waiting... read | |  | Monica Hallin Monica Hallin, CEO of Vindico Group, predicts the three strongest trends in retail security for 2017... read | | |
 | Technology consultant and software developer, Praekelt, has announced that its new chatbot, Feersum Engine, is ready to start talking... read | | | | |  | BEIJING - Coca-Cola workers in three Chinese cities have gone on strike after the US soft drinks giant announced it was selling its bottling interests in the country... read | |  | MIAMI - Sometimes, there is such a thing as being too popular, Tommy Hilfiger says, explaining that after his label's crazy romp in the 1990s, he had to reinvent the brand... read | | | More International | |
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 | Despite having medical aid, many members still have to fork out chunks of money out of their own pocket for healthcare products and services... read | |  | Nonkululeko Nyembezi-Heita Over the past decade investors have channelled capital to the continent, but like most emerging markets, Africa is no longer the "flavour of the month"... read | |
| - Sales manager appointed for Bolton Footwear - more info
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