New GIBS book chapter: Wine consumers’ knowledge of wine and their wine self-confidence in different sales context By Alet C. Erasmus and Renée van Wyk

Abstract Wine is described as ‘an information-intensive, experience product’ that is difficult to choose due to the variety of wines available, which is continually expanding. Consumers’ wine self-confidence (WSC) is useful to reduce anxiety and risk perception when selecting wine. However, WSC may be subjective and influenced by what people think they know, rather than […]
Read More »

FNB launches R200m Vumela fund to grow small business(Moneyweb)

FNB launched its fourth Vumela fund, worth R200 million, which aims to offer alternate financing to 150 black-owned businesses and create 1 000 jobs. FNB’s Vumela Enterprise Development Fund was established in 2009 by the lender’s commercial banking unit, in partnership with venture capital and private equity firm Edge Growth. Vumela – an isiZulu word […]
Read More »

One of South Africa’s biggest retailers has an answer to SHEIN, Amazon and Walmart (BT)

The Foschini Group (TFG) is making a big play into e-commerce and the mobile shopping space in South Africa, promising ‘big things to come’ from its Bash shopping platform. Presenting its interim results for the six months ended September 2022, the group talked up the fashion and lifestyle platform that it launched into beta in […]
Read More »

South Africa gets R10 billion from France and Germany for the move away from coal – terms and conditions apply(BT)

South Africa, France and Germany have signed loan agreements for the two European nations to each extend €300 million – about R10 billion in total – in concessional financing to South Africa to support the country’s just energy transition. The loans will be provided by the French and German public development banks, Agence Française de […]
Read More »

South Africa’s business leaders can solve the energy crisis (DM)

Imagine a South Africa with load shedding a dim memory, a flourishing economy, booming investments, safer and cleaner jobs and air pollution drastically reduced along with pollution-related illness. This is the legacy we can leave for future generations by transitioning our country to clean energy. We’re nowhere near that dream yet. Load shedding is costing […]
Read More »

Leading African business schools launch climate leadership initiative (ZAWYA)

Cairo – At the Deans Roundtable hosted by the School of Business at The American University in Cairo (AUC) yesterday, deans of six leading African business schools and representatives from the African Chapter of the Principles for Responsible Management Education (PRME) and European Business Schools for Climate Leadership (BS4CL) announced the launch of the Business […]
Read More »

Investing in SA through digital transformation is essential to future economic growth (IOL)

Both globally and locally, there is clear consensus that investment in a country’s technological advancement is intrinsically linked to economic growth. In a connected and smart society, digital transformation has become one of the key strategies governments are adopting to promote inclusive growth. A digital driven revolution has brought with it many opportunities but developing […]
Read More »

New GIBS article: The South African social enterprises’ strategies to guard against mission drift when faced with tensions from the funders. by Anastacia Mamabolo and Sizakele Nkabinde

Abstract Social enterprises utilize entrepreneurial activities to generate revenue and build sustainable business models for social impact. Because of their resource constraints, especially finance, social enterprises are forced to reach out to external funders. Although there are obvious benefits, the relationship with the funders also presents tensions that social enterprises must manage to guard against […]
Read More »

Big changes for BEE laws in South Africa: report (BT)

New legislation promulgated by finance minister Enoch Godongwana has made it unnecessary for fundamental state-owned entities to rely solely on BEE-compliant companies during procurement procedures. This comes after years of pushback from big business that claimed that the government’s preferential procurement policy hikes the price of products and services, stifling business in the country. The new […]
Read More »

South African retail chain Pick n Pay expands bitcoin payments to 39 stores (The tokenist)

South Africa-based grocery retail chain Pick n Pay announced it will start accepting crypto payments at all of its stores in the following months after a successful initial phase, Reuters reports. The move follows a recent decision by the South African financial regulator to declare crypto assets as a financial product, paving the way for their mainstream […]
Read More »