Performance of the business
A large and growing population on the African continent requiring food and staple products Africa’s population is set to DOUBLE to 2.4 billion people by 2050. Large scale and rapid urbanisation, strong population growth and economic growth that is persistently higher than that of developed economies, continue to make Africa an attractive long-term investment opportunity.
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Financial services provider, FedGroup, says that with the use of technology (namely an app) and startup capital of R300, you can start a sideline business in South Africa.
“Those with an entrepreneurial spirit can expand their revenue streams and kick-start a side hustle by investing in Fedgroup’s Impact Farming,” the group said.
This crowd-farming initiative enables the asset owners to generate income from selected agricultural products and renewable energy.
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Investors can employ a variety of legal business structures in South Africa, depending on the nature of the operation and the related tax and legal considerations. The most commonly adopted forms of doing business by foreign investors are private companies and branches.
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2018 has very much been a year of “epic partnerships”. The Avengers teamed up with the squad from Guardians of the Galaxy to face down Thanos. Prince Harry finally tied the knot with Meghan Markle. Even North and South Korea walked under a united banner at the Winter Olympics.Things have been no less epic on the corporate innovation front. Companies across multiple sectors have launched collaborative efforts to gather disruptive new ideas, harness new technologies, and achieve greater sustainability.
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The focus of this detailed report is the manufacture of petroleum products from crude oil and natural gas, as well as the wholesale and retail trade of the products in South Africa. According to the South African Petroleum Industry Association (SAPIA), the fuel sector contributes about 6% to the country’s GDP while supplying some 18% of South Africa’s primary energy needs through annual sales of 27 billion litres of liquid fuels. In 2016 the nine members of the South African Petroleum Industry Association (SAPIA), who are the main manufacturers of petroleum products, had total assets of R125.1bn and made an operating profit of R19bn.
Total South Africa is looking to grow both its lubricants and retail fuel business as well as restart the offshore oil exploration that it put on hold in 2014, CEO Pierre-Yves Sachetsaid after a visit to its bulk fuel and lubricant plants in Durban.
He said that a R70-million investment in its lubricant plant at Island View within the Durban port precinct over the past year was intended to improve both quality and efficiencies ahead of expected growth in this key aspect of its businesslocally.
The increasingly time-starved nature of consumers’ lives is driving the evolution of South Africa’s R35-Billion convenience retail sector, which currently commands 10% of total market retail spend.
These findings stem from Nielsen’s broader 2016 – 2017 South Africa Shopper Trends report, which found that the popularity of this store format is due to ease of use and convenience, which makes it the channel of choice for weekly on-the-go consumption purchases, late night shops and everyday emergency purchases.
The global innovation community, at least that chunk represented by professional innovation managers, begins its annual get together today in Hamburg, Germany. One of the first presentations that passed my desk (courtesy of Chris Skinner in my LinkedIn network) was Tim Jones‘ Top 10 Innovation Challenges for 2020. Tim runs Future Agenda (as I write the link to Tim’s site seems to have been hijacked – so here is his company link). So what are the top 10 innovation challenges? Naturally I disagree with Tim’s choices so let’s open a debate about a few of them.
The technology world is changing at a very fast pace and new trends keep on emerging every day. The latest product that has received a warm reception and excited many business managers is Artificial Intelligence. Everybody is fascinating about AI because it promises to be an effective way of performing routine tasks and can be applied to the various sectors of the economy.It comes as no surprise that many industries are adopting AI and integrating it into their daily operations. Let us look at how the use of AI can improve your business.
23/01/2018
Johannesburg – Shifting trends and millennials’ aversion to ownership will continue to disrupt businesses this year, according to market research company Euromonitor International which revealed the top 10 global consumer trends for 2018 on Monday.
This year’s stronger global economy is expected to boost consumer expenditure, at its strongest since 2011. But shifting consumer attitudes will continue to cause disruption for businesses.
Mobile technology and internet accessibility, Euromonitor believes, will in particular play a key role in shaping consumer preferences in 2018.
According to the company’s report ‘Top 10 Global Consumer Trends for 2018’, people’s growing curiosity about their genetic make-up and a rising interest in personalised health and beauty are fuelling a global market expected to soar by 2022.
Augmented reality (AR) is also touted as a trend to watch, with its vast potential in the mainstream consumer space bringing the benefits of in-store […]