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In the latest episode of Marketplace Africa, CNN’s Zain Asher explores South Africa's pre-owned luxury boom. Despite fears of a looming recession, luxury sales worldwide have consistently grown in recent years.
Wandile Sibisi’s vision comes to life with RareStep, an online store offering exclusive limited-edition sneakers and high-end streetwear.
South Africans love their Louis Vuitton and Gucci bags and it shows with the rise of preowned luxury bags being sold
Cofounders of Luxity, Michael Zahariev and Luke Calitz, opened an online store to sell pre-owned luxury items, today the business has expanded to three thriving brick and mortar stores.