SA e-commerce growth drives demand for logistics spaces: Equites Property Fund

  Amid the global pandemic, Covid-19 has accelerated e-commerce penetration globally thus fuelling demand for prime modern logistics space. In SA, retail and supply chain driven warehousing and logistics sectors will continue to boost demand for e-commerce. Laila Razack Some South African national retailers have seen online sales increasing during lockdown. While e-commerce is yet to peak in South Africa, the pandemic is driving this trend, according to Equites Property Fund. The company revealed this in an investor presentation of its interim results released this week. The JSE-listed specialised industrial Real Estate Investment Trust…

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E-commerce could create 3 million jobs in Africa in next 6 years

Online marketplaces establishing themselves across Africa, could create around 3 million new jobs by 2025. These digital platforms, which match buyers and providers of goods and services, could also raise incomes and boost inclusive economic growth with minimal disruption to existing businesses and workforce norms. These are among the findings of a new report, How Online Marketplaces Can Power Employment in Africa, released by Boston Consulting Group (BCG) Generating employment is an urgent priority across the continent. The African Development Bank estimates that one-third of the 420 million Africans aged…

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