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eCommerce and Shopping for Deals

South Africa’s eCommerce Market to Reach $3.5 Billion in 2020, says Researchers

eCommerce has broken barriers as a result of the global COVID-19 pandemic’s lockdown restrictions. Statista believes that the South African market will reach just over R62 billion this year, and show a compounded annual growth rate of 10% for the next four years. User penetration will be 37% this year and is expected to hit almost 51% by 2024. And even given the devasting impact of the national lockdown restrictions, which meant that online shoppers could order only “essential” items, 22% of a thousand South African adults surveyed in late April by Ipsos said they were using online shopping more frequently than in the month before, with 65% shopping less at a supermarket according to Nielsen figures released in early May. eCommerce and Consumer Trust “We’re seeing more and more people real...