BUSINESS MAVERICK: Mobile commerce opens the taps of township bounty

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 84%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

South African FMCG players like SAB, Albany Bread, Pep, Shoprite and MTN have long recognised the economic power latent within this country’s sprawling townships. Others have too, but have not known how to tap into it. The rise of mobile commerce is changing that.

Sometimes it takes an outsider to spot the opportunity. Two years ago, Nederlander Jessica Boonstra opened an online business delivering groceries into the townships of Hangklip and Imizamo Yethu in Hout Bay.

“We went from a few hundred orders a month, to a few hundred orders a day,” Boonstra says. “We expanded our warehousing, grew the core team from six to 30 and built new systems.” Orders are paid for via EFT or card – no cash. The company is exploring other finance options, but Noble is cautious on this point. “There is a moral and ethical side to this; we want the right partners with the right solutions that work for everyone – not just us.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: Samsung Wins $6.6 billion 5G Verizon Deal While Huawei StrugglesSamsung Electronics Co. won a 7.9 trillion won ($6.6 billion) order to provide fifth-generation wireless solutions to Verizon Communications Inc. in the U.S., a big win for the electronics giant’s networking gear business.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Elon Musk’s Option Haul Swells to Almost $9 Billion With Third PayoutTesla Inc.’s stock setback this week wasn’t enough to hinder Elon Musk’s improbable payouts, now amounting to a staggering $8.8 billion.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Germany Uses Novichok as Leverage With Kremlin Over Gas PipelineChancellor Angela Merkel’s top diplomat warned Russia that Germany’s support for the Nord Stream 2 gas pipeline is at risk if the Kremlin doesn’t assist in clarifying the poisoning of dissident Alexey Navalny.
Source: dailymaverick - 🏆 3. / 84 Read more »