The Rapid Growth of E-commerce in South Africa

e-commerce shopping

In the last 3 years, card payments have almost doubled in the retail e-commerce sector in South Africa.

The shift has been evident in the travel and accommodation space, with this sector contracting over the same period. Retail has moved it’s focus away from travel holidays to spending their cash on retail suppliers such as Takealot, Woolworths, Checkers, to name a few.

According to FNB Merchant Services chief executive officer Thokozani Dlamini, South Africa’s e-commerce market will reach more than R400 billion by 2025 on the back of more than 1 billion transactions per annum.

There has been stiff competition in the e-commerce retail space. Not all businesses have been able to capitalise on the opportunity of retail spend. Those that have, have had to invest in digital platforms in order to sell their products.

An example of successful retailers in the e-commerce sector is Checkers. Checkers Sixty60, an online shopping platform, has been a large contributor to the companies R2 billion increase in gross profit over the past 26 weeks ended 2 January 2022.

Third-party marketplaces, such as Takealot, Bidorbuy and Facebook Marketplace have also given opportunity to those who are unable to invest in expensive digital platforms. OnShop also offers this same opportunity to it’s customers. OnShop offers an affordable and professional e-commerce platform for business owners who are unable to invest thousands of rands into developing an e-commerce platform.

OnShop offers a full suite of integrated e-commerce features, as well as the marketing tools to drive traffic and sales. There are also no contracts or hidden fees and the signup process is quick and easy. Contact OnShop’s friendly and professional team to discuss your e-commerce requirements and take the opportunity to give your business the online presence it needs.