Tag: market share

A blueprint is emerging for online retailers in South Africa. Ahead of Amazon entering the local market, setting up a titanic battle for customers with market leader Takealot, a new study shows that there is not only room for new entrants, but also opportunity for growth for incumbents.

For banks, disruption has become business as usual. Besides the ever-changing customer expectations, banks are under pressure to defend their market share against increased competition and the digitisation of the financial services landscape by neo-banks and FinTechs.

Leaked documents detailing the forthcoming launch of ‘Project Fela’ – a new marketplace with its own membership programme owned by Amazon – has prompted much industry speculation and debate around the role that competition plays in sector development.

South Africans under 35 are increasingly opting to buy sectional title properties and crossover motor vehicles. While freehold properties still account for the most sold to this age group, its share of market has fallen from 59% in 2010 to 48% in 2021, while sectional title’s share of market has grown from 27% in 2010 to 36% in 2021.

Statistics from globally recognised organisations and research institutions – PwC, Harvard & McKinsey – have found that the market for women is continuing to grow at an exponential rate while innovating to this segment still isn’t meeting its unique requirements.