Nedbank has unveiled Avo, a digital platform that provides users of its smartphone banking app with access to a range of online products and services from merchants.
Browsing: Retail and e-commerce
Kevin Tucker, CEO of online shopping price comparison website PriceCheck, said there has been a spike in e-commerce volumes since a ban on unfettered e-trading was lifted late last week.
Indian food delivery start-up Swiggy said on Monday it would lay off 1 100 employees, or nearly 14% of its workforce, to cut costs, as a weeks-long nationwide lockdown hits demand.
Minister Ebrahim Patel has backed down over government’s ban on unfettered e-commerce during level-4 of the lockdown, handing a stunning victory to an industry that has lobbied hard to have the restrictions removed.
Takealot.com CEO Kim Reid said on Friday that if the e-commerce company were to take government to court to challenge its continued ban on e-commerce, it would win – but he hopes it won’t be necessary.
Airbnb is cutting 25% of its workforce as the coronavirus pandemic continues to pummel the travel sector. About 1 900 Airbnb employees across the world will be affected
Not all businesses are suffering during the lockdown. When Enrico Ferigolli and Vincent Viviers, the founders of alcohol delivery app Bottles, learnt that government was banning liquor sales, it came as a shock.
Trade & industry minister Ebrahim Patel has effectively shot down requests by online traders to allow unfettered e-commerce in South Africa, saying doing so would be seen to be “unfair competition”.
The continued ban on unfettered e-commerce, and a possible extension of this ban beyond next Friday, is “incomprehensible”, according to Takealot.com CEO Kim Reid.
Facebook will invest $5.7-billion in the digital assets controlled by India’s richest man, the US social-networking giant’s biggest deal since the 2014 purchase of WhatsApp.