No-frill fast-fashion retailer Mr Price is testing smaller format stores in a bid to get closer to where its shoppers live. The new stores are built in containers, and resemble Shoprite’s USave ekasi container shops which were launched in townships around South Africa three years ago.The Usave eKasi container shops. Formal retailers have in recent...
Day: <span>5 November 2020</span>
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Revix: Digital Assets Platform is Bringing Cryptocurrency Investing Into The Mainstream
The JSE-listed specialty investment group, Sabvest, announced a 30% stake in Revix, a digital asset investment platform that offers investors diversified exposure to 85% of the global cryptocurrency market, through a single investment bundle. The funding will refine the platform’s technology suite, springboard the company beyond South Africa’s borders, and educate investors about the benefits of...
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TikTok and Sony will also Work together to Promote Artists
Video-snippet sharing sensation TikTok on Monday announced a deal to give users access to Sony Music Entertainment’s massive archive of hit tunes. The companies did not disclose financial terms of the agreement, which will let clips of music owned by Sony be used in TikTok posts. Social media platforms have wrangled with music companies over...
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Capitec Bank to Launch Home Loan Service Under its Own Brand Name
Capitec Bank is launching its first full home loan offering in partnership with SA Home Loans. CEO Gerrie Fourie explains. Capitec is South Africa’s largest bank based on number of clients. It’s now announced the launch of its first full home loan offering in partnership with SA Home Loans. With interest rates at a historic...
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Ad News: Heineken Prolong its Relationships With Publicis Groupe and Dentsu
Some interesting news from Heineken and Publicis Groupe today: The two, which have been working together for five years, have created a new agency modelcalled Le Pub. Perhaps most noteworthy is that Le Pub will be located in an Amsterdam bar, although details remain scant. It opens its doors in January. How exactly Le Pub’s offerings...