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The companies getting a slice of South Africa’s R1.1-trillion goldmine | SA News


While cash remains king in South Africa’s informal economy, most spaza shops have a point-of-sale machine or device with which to accept card payments, and a handful of operators dominate the sector.

This was revealed in a recent snap survey of spaza shop operators conducted by Yebo Fresh. The research focused on 2,769 spazas and 20 midi wholesalers, who mostly supply the spaza shops.

The most dominant systems are Flash, Kazang, and Shop2Shop. Shop2Shop was used universally in midi wholesalers. Other solutions…

Protection of Sources: Journalists in South Africa have the right to protect their
sources, although this is sometimes challenged in court.

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  1. Fun South African Fact: Table Mountain in Cape Town is believed to be one of the oldest mountains in the world and one of the planet’s 12 main energy centres, radiating magnetic, electric or spiritual energy.