Latest news with #R74
IOL News
a day ago
- Business
- IOL News
South Africa's small business revolution: over 200 000 entrepreneurs boost growth by R500m
With over 200 000 entrepreneurs harnessing digital tools, these businesses have collectively processed an astounding 173 million transactions, equating to a remarkable growth exceeding R500 million in just one year. Image: Supplied. In a remarkable testament to resilience and innovation, South Africa's small business sector is undergoing a transformative boom, as highlighted in Yoco's latest 2025 Exchange report. With over 200 000 entrepreneurs harnessing digital tools, these businesses have collectively processed an astounding 173 million transactions, equating to a remarkable growth exceeding R500 million in just one year. This surge underlines the crucial role of small businesses in the economy. Yoco's CEO, Katlego Maphai said, 'Small businesses are the heartbeat of our economy. What we're seeing in our data isn't just resilience, it's a transformation of how entrepreneurs operate, compete, and win.' Retail leads the way The report revealed that retail merchants, who have adapted to the changing landscape by leveraging Yoco's digital solutions, reported an impressive R74 million in revenue growth. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Next Stay Close ✕ Gauteng is depicted as a leading region in this digital shift, boasting a 22% increase in merchants and 20% larger average basket sizes compared to the Western Cape. Notably, online sales via Yoco Gateway in Gauteng outperform those in the Western Cape by 35%, and surpass Mpumalanga by an astounding 82%. Food and beverage sector excels However, it is the Food and Beverage sector where the Western Cape shines, producing an impressive 24% more revenue than Gauteng despite having 31% fewer merchants in the area. Targeted marketing strategies, particularly weekend brunch promotions, have driven over 20% of revenue in Cape Town alone, with Fridays and Saturdays recorded to yield a 14% sales increase compared to weekdays. Beauty boom in December The Hair and Beauty sector, particularly vigorous in Johannesburg, is a standout contributor to the small business boom, with an annual revenue generation exceeding R324 million. December proves to be a critical month for this sector, witnessing a 28% increase in revenue nationwide. Furthermore, digital channels have become pivotal, with 43% of beauty product purchases now conducted online through Yoco Gateway. Digital adoption as a catalyst for growth The undeniable impact of digital tools becomes pronounced, especially in the wake of the Covid-19 pandemic, which forced many businesses to adopt digital solutions for survival. Merchants utilising Yoco's Point of Sale systems reported a 32% increase in revenue, while those in the Food and Beverage sector saw an even more substantial growth of 41%. This shift towards digital is not merely a trend; it's emerging as an essential approach to thrive in the contemporary market environment. Three pillars of small business success According to Maphai, Yoco's data highlights three fundamental pillars for success in 2025: Timing Mastery, involving an understanding of peak trading periods; a Digital First Approach, where digital capabilities become essential rather than optional; and Smart Capital Deployment, which accelerates growth through strategic financing. A ripple effect of prosperity 'These 173 million transactions represent more than commerce; they signify job creation, community building, and grassroots economic resilience,' Maphai aded. The benefits of this entrepreneurial boom extend beyond individual businesses; they enhance regional economic diversification, nurture thousands of families, and drive a necessary digital transformation.
The South African
09-06-2025
- Sport
- The South African
What rivalry? Orlando Pirates gift Kaizer Chiefs two stars!
Orlando Pirates have decided to release Paseka Mako and Thabiso Monyane after several years of service. The former has, according to SABC Sport, entered the final stages with Kaizer Chiefs, while Monyane is another player said to have been offered to Nasreddine Nabi. Jose Riverio's departure has yet to be resolved as Orlando Pirates continue to vet candidates, including former Mamelodi Sundowns managers Pisto Mosimane and Rulani Mokwena, who are both being simultaneously monitored by Egyptian giants Zamalek FC. Mokwena wants to stay clear of competing against his former mentor for a job, suggesting he be reluctant on the Buccaneers posting as well. 'I didn't hear from them (Zamalek) after I had said I heard that coach Pitso was also in the running for this position,' Mokwena told SuperSport's Africa Soccer show. 'My relationship and my respect for him would not allow me to compete for the same coaching job with coach Pitso.' 'It just wouldn't sit well with me, so I pulled out. I said I would rather they give it to Pitso.' 'Exactly what you are saying, my agent said, 'But this is a big club', and I said my respect for Pitso and what he has done for my career wouldn't allow me to do that.' Meanwhile, Orlando Pirates' chances of signing Fiston Mayele just got harder; the Congolese international is attracting lucrative bids. 'Mayele has received incredible offers, offers exceeding $3 million (R55 million) and reaching $4 million (R74 million) per season. The player is receiving $1 million per season from Pyramids, but he completely refuses to continue,' a source revealed. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1. Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
The South African
09-06-2025
- Sport
- The South African
Kaizer Chiefs news: Three Pirates players linked, Mayele latest
Kaizer Chiefs are bizarrely linked with three Orlando Pirates players – Monnapule Saleng, Paseka Mako and Thabiso Monyane – one of which has entered the final stages with Nasreddine Nabi's side. According to SABC Sport, soon-to-be free agent Mako is currently the closest to inking a deal with AmaKhosi, while Monyane is another player the Buccaneers are releasing – he too is on Chiefs' radar. Meanwhile, Monnapule Saleng has reportedly (per SoccerLaduma) signed a pre-contract with the Glamour Boys; however, this has yet to be confirmed. Unfortunately for Kaizer Chiefs, Fiston Mayele's CAF Champions League performances have him on the top of several transfer lists, decreasing their likelihood of signing the Congolese star. 'Mayele's career with Pyramids FC will end at the end of the current season. The player will leave after the Zamalek and Pyramids match in the Egypt Cup final.' 'Mayele has received incredible offers, offers exceeding $3 million (R55 million) and reaching $4 million (R74 million) per season. The player is receiving $1 million per season from Pyramids, but he completely refuses to continue.' 'Pyramids Club, in appreciation of the player and the fact that he is the top scorer in the African Champions League and was one of the reasons the team won the championship,' Egyptian publication Al-Masry Al-Youm revealed. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1. Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
The South African
08-06-2025
- Sport
- The South African
Kaizer Chiefs move fast for Orlando Pirates playmaker!
Orlando Pirates will not renew Paseka Mako's contract when it expires on July 1, opening the door for Kaizer Chiefs, who are said to be in advanced talks with the veteran left-back. Mako isn't AmaKhosi's first option, having faced rejection with fellow wing backs Riaan Hanamub and Stellenbosch star Fawaaz Basadien. Several players are expected to join Nasreddine Nabi's outfit over the coming months, and it appears one of their first signings won't have to travel far. Kaizer Chiefs' long-term target Fiston Mayele has the world at his feet after guiding Pyramids FC to their first African title, scoring in each knockout round, including a brace against Orlando Pirates. Mayele may be out of reach for the Soweto giants with the player reportedly attracting bids upwards of R74 million. 'Mayele's career with Pyramids FC will end at the end of the current season. The player will leave after the Zamalek and Pyramids match in the Egypt Cup final.' 'Mayele has received incredible offers, offers exceeding $3 million (R55 million) and reaching $4 million (R74 million) per season. The player is receiving $1 million per season from Pyramids, but he completely refuses to continue.' 'Pyramids Club, in appreciation of the player and the fact that he is the top scorer in the African Champions League and was one of the reasons the team won the championship,' Egyptian publication Al-Masry Al-Youm revealed. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1. Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
The South African
05-06-2025
- Sport
- The South African
Goal hungry Kaizer Chiefs eye highly-rated Bafana Bafana star!
Kaizer Chiefs have reportedly reignited their interest in Bafana Bafana winger Elias Mokwana, a player they tried to sign before he opted for Esperance. The talented attacker has struggled to make the starting eleven this season but has been seen as a super-sub, amassing twenty-five league appearances, during which he has scored three goals and two assists. In the CAF Champions League, he recorded another five-goal contribution in eight games. Long-term target Fiston Mayele may be out of reach for Kaizer Chiefs, who will have recently heard of the player receiving bids upwards of R74 million. 'Mayele's career with Pyramids FC will end at the end of the current season. The player will leave after the Zamalek and Pyramids match in the Egypt Cup final.' 'Mayele has received incredible offers, offers exceeding $3 million (R55 million) and reaching $4 million (R74 million) per season. The player is receiving $1 million per season from Pyramids, but he completely refuses to continue.' 'Pyramids Club, in appreciation of the player and the fact that he is the top scorer in the African Champions League and was one of the reasons the team won the championship,' Egyptian publication Al-Masry Al-Youm revealed. Another striker on Kaizer Chiefs' radar is Mamelodi Sundowns man Mamelodi Sundows', Etiosa Ighodaro. 'Yes, it's true. Chiefs are believed to have enquired about Mamelodi Sundowns striker Etiosa Ighodaro,' a SoccerLaduma source revealed 'You know the thing is the same people who scouted him from Nigeria for Sundowns are the same who have enquired about him for Kaizer Chiefs.' 'Actually it's not the first time they have enquired about him. They tried before when he was on loan at Chippa United but Sundowns sent him on loan at SuperSport United. But now they are apparently looking at the possibility of Sundowns letting him go and they can pounce on him.' Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1. Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
