Even though demand in South Africa for imported goods (think oil, vehicles, and equipment) are high regardless of price, common sense indicates that when the currency is stronger, it becomes cheaper to do so.
E-commerce revenue is expected to double to 10% of TFG’s total South African sales in the next two years and likely climb to 15% soon after, CEO Anthony Thunström said.
Amazon s Arrival to Boost South Africa s Online Sales, The Foschini Group Says bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.
TFG profit hit as it cut prices to deal with excess stock news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.
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