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All posts tagged "Ecommerce"

  • Naspers ploughs R960m into Takealot, becomes majority shareholder

    Naspers has invested R960-million in Takealot, the online retailer announced today. It's not the first time Naspers has conducted a major deal with the online retailer either, having merged its Kalahari online store with Takealot back in 2015. The deal saw Naspers gain a 46.5% interest in the combined retail powerhouse. In a joint statement on the latest deal, the duo wrote that SA's online retail sector still accounts for "less than 2% of the non-grocery retail market and less than 1% of the total retail market". It added that, as a result, there was a lot of potential for the sector. "We...

  • Facebook’s new feature will turn it into a digital shopping mall

    In its never-ending quest to connect the world and make loads of cash doing it, Facebook has today announced a new shopping advertising format dubbed Collection that will helps brands showcase products on mobile. And yes, only mobile. "Mobile has reshaped how people discover, learn and ultimately buy from businesses," the company writes in an update. "People are also watching more videos on mobile, and shoppers want to see products as they exist in the real world—but they also expect fast-loading, seamless experiences when they discover and buy on mobile." The company's solution to this is to allow brands to tell their own...

  • Is it all over for internet banking?

    Have we seen the peak of internet banking in South Africa? Although the banks are quite tight-lipped about their usage numbers, I suspect that the number of customers using a desktop computer to do their banking is declining. We know that the majority of logons come from office workers, but we also know that the number of employed people (including government workers) in South Africa is stagnant. While many up-market homes have a desktop PC or a laptop, and fibre services have been introduced in certain suburbs, the growth rate of fixed broad-band internet (at less than two million connections)...

  • How to use Pinterest to search for products from images online

    Have you ever seen a celebrity wearing a T-shirt you were dying to get your hands on, but had no idea where to find it? Or perhaps you were window shopping on sites like Nordstrom or Marc Jacobs and wished you could find cheaper alternatives? You're in luck! Pinterest updated its Chrome extension yesterday, and it has included a feature that will let you search for a product without having to leave the original website. The extension is by no means perfect -- it doesn't let you filter your results at all yet -- but it's in its early stages and is sure...

  • Superbalist accused of ‘large-scale design theft’ [Update]

    Update: In an emailed response to Memeburn, Superbalist said it had a "zero-tolerance policy towards plagiarism or copyright infringement" of items. "On immediate inspection, it appears that we may have some issues in this regard. The items in question have been pulled from the site and we will deal with any substantiated claims arising therefrom swiftly and fairly," it concluded. Original article: E-commerce website Superbalist has been accused of stealing scores of designs from artists and creative types. The platform's actions came to light after Twitter user Karmen Wessels (@spotfishy) accused Superbalist of copying a mug design from British artist Gemma Correll. The e-commerce...

  • US consumers blow $3.34bn on Black Friday, break mobile shopping record

    It was an extremely healthy Black Friday for US retailers according to new data released by Adobe. The company this week published its 2016 online shopping report covering Black Friday and Thanksgiving, and the numbers represent a positive trend over 2015. Adobe's report is based on "aggregated and anonymous data from 22.6-billion visits to retail websites" and covers approximately 80% of the US's top 100 retailers. Adobe notes that buyers in the US blew more than US$5.2-billion at the end of Friday. This marks a 17.7% increase over 2015. "Black Friday set a new record by surpassing the three-billion-dollar mark for the...

  • Chargebacks: how they can affect your online business

    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. While fraud is well documented, chargebacks as a result of a dispute can be just as debilitating. The financial services industry has made strides in card fraud protection with the implementation of 3D Secure for card transactions. However, what many merchants aren’t aware of is that Instant EFT significantly reduces the chargeback risk. According to statistics from the South African...

  • Africa’s mobile growth: Opera publishes its State of Mobile report

    Norwegian internet company Opera isn't quite as well known in the desktop browser space, at least in terms of usage figures. Globally, Google Chrome, Mozilla Firefox and Microsoft's Internet Explorer still command the lion's share of users' internet tabs. When it comes to mobile browsers though, the firm has historically had a huge following in Africa. The company this week published its State of Mobile Web Report for Africa 2016, and with it, a slew of insights into Africa's voracious mobile device and web usage using its software and services as a lens. So, what are some of the key takeaways? More...

  • Here’s how South Africans use Facebook during the holidays

    It's becoming more and more difficult to ignore Facebook's influence on our daily lives. With around 1.7-billion active users globally, the social network would be the world's most populous country if Mark Zuckerberg decided to, I don't know, buy Mars perhaps. This popularity is also true in South Africa. Of the country's 53-million strong population, around 14-million use the social network each month, with about 50% of those logging in each day. Clearly, the social network has a massive effect on the online world in the country. And according to a new survey, it's also slowly morphing into a social...

  • Groupon South Africa is dead: here’s what will happen to your orders

    Back in September 2015, Memeburn reported that ecommerce platform Groupon began shedding global offices in an effort to "make the business more efficient". And while South Africa wasn't a country affected back then, it is now. Groupon South Africa today announced that it will shutter its operations in the country, in a bid to further streamline its global business operations. Groupon launched in South Africa in 2010 after it bought local startup Twangoo. Groupon South Africa will effectively shutter on 30 November "We are sorry to inform you that as of 4 November 2016, Groupon has wound down its operations in South Africa...

  • Opera: OLX, Letgo tracks you more than Takealot, Gumtree

    New research from Opera Software found that over half of the top 60 Android shopping apps collect personal information via trackers. However, South Africa's OLX and Letgo were mentioned as some of the worst offenders as well. The two South African services were joined by the likes of Flipkart, Amazon, JC Penney, Best Buy and eBay Kleinanzeigen as the shopping apps with the highest amount of trackers. These trackers collected information such as your name, email address, location, phone number and search terms, Opera wrote in an emailed press release. The results were obtained using privacy mode in the updated Opera Max...

  • My Vodacom app now supports Mastercard’s Masterpass

    South African telecoms giant Vodacom has announced that its customers can now "buy airtime, data bundles and SMS bundles through the My Vodacom mobile application" using Mastercard's mobile payment gateway Masterpass. Previously, purchasing airtime required users to leave the My Vodacom app, but this change now allows Vodacom users to purchase these items and services directly from the network's app. Masterpass, according to a press release, aims to "support all forms of commerce in order to address the widest range of merchant experiences and consumer needs". The service requires a single payment card capture -- which means consumers needn't continually re-register the card...

  • B2B companies must evolve or lose out on $1-tn market

    B2B companies will need to adapt their thinking and delivery approach if they want to benefit from a B2B ecommerce market that is fast approaching the US$1-trillion mark in the US alone. It is estimated that by the end of 2016, US B2B eCommerce will total US$855-billion. A forecasted CAGR of 7.7% will push this number over the US$1-trillion mark by 2020. B2B ecommerce today is no longer merely a bolt-on to most B2B businesses. It is now deeply woven into the very fabric of many companies, and B2B ecommerce organisations are investing heavily in re-platforming and re-building B2B ecommerce sites,...

  • The growth of Africa’s ecommerce future lies offline

    Ecommerce in Africa has experienced massive year-on-year growth. Despite infrastructure challenges, ecommerce is expected to see 40% annual growth for the next ten years. Africa, outside of South Africa, is a mobile-first, and largely unbanked economy. With mobile penetration reaching close to 70% on the continent, technology has shown extraordinary innovation, especially in the fintech sector. The link between digital media and ecommerce is well documented and easily trackable. For this reason, we’ve scrutinised case studies highlighting the role social media plays in ecommerce success, and have ploughed expertise, time, and energy into building campaigns. However, it is critical to bear in...

  • Takealot wins big at PriceCheck Tech & Ecommerce Awards

    The 2016 PriceCheck Tech & Ecommerce Awards concluded last night with Takealot.com snagging the overall win. The PriceCheck awards celebrate businesses doing innovative things in the tech and ecommerce industries. The awards, which took place at a gala dinner held in Cape Town, saw Takealot.com walking away with the Overall Winner Award as well as the People's Choice Award. Each nominee was selected by public nomination, thereafter the nominees were submitted to a panel of judges. These judges then selected the top three nominees per category to finally choose the winner. The panel consisted of director of emerging markets at Criteo, Dirk Henke; editor-in-chief...