Home > Features > Country Snapshot: South Africa • Bookmark   • Newsletters   • Register Search Options

FEATURE

Country Snapshot: South Africa

Country Snapshot: South Africa

February 18, 2010
Text size: 
Get XBIZ News
XBIZ Research
Should governments have the power / ability to stop content piracy? (e.g. SOPA / PROTECT IP)
Yes
  45.22%
No
  45.22%
Undecided
  9.57%
Out of 230 votes. Results based on votes submitted by members of XBIZ.net social network.

" there still remains an enormous disparity between the rich and the poor "

Hosts to the eagerly anticipated football World Cup, South Africa is ranked the 25th wealthiest county in the world in terms of GDP. However, there still remains an enormous disparity between the rich and the poor, since about a quarter of the 49m strong population is unemployed and lives on less than the equivalent of $1.25 U.S. a day.

Of the remaining three-quarters, about four and a half million people, or 9.4 percent of the overall population, have access to the fixed-line Internet at this time. Perhaps surprisingly, this is not the highest Internet penetration rate in the region — that particular honour is bestowed upon the island nation of Mauritius.

According to Euromonitor, debit cards dominate South Africa's payment card market with 28 million of them in circulation as of 2008, versus about 8 million credit cards which, interestingly, by law cannot be used to purchase gasoline. In light of the forthcoming influx of tourists, politicians are working to revise those regulations, so that people can pay for gas using their flexible friends.

As for premium-rate pay-per-call numbers, South Africa is the only country on the African continent that support these, and Premium SMS (PSMS) is also a viable billing mechanism in this market.

Accepting cash from this largely unbanked nation is also possible, thanks to ecommerce payment provider Smart Voucher Ltd, trading as Ukash, who became the first to offer online cash payment solutions in South Africa; allowing e-retailers to market to the country's large cash consumer base for the first time.

U.K.-based Ukash, in partnership with strategic South African-based partner Blue Label Telecoms, enables consumers who do not own a card or are unwilling to use it on the Internet, to purchase from online merchants without revealing sensitive bank details using prepaid vouchers.

By steadfastly sticking to a "credit card only" payment policy, you are therefore depriving yourself of additional revenue if you are currently receiving traffic from this, the largest economy in the African Union.


QUICKBITE FEATURES

Venus Intimate: Refreshed Focus

The European trade show market has been split in two in a move similar to that which toy manufacturers, retailers and buyers already have experienced in the U.S. With the longrunning VENUS show taking... More »

An Android Ice Cream Sandwich

Google recently released its highly anticipated and extensively revamped Android 4.0 mobile operating system (OS), codenamed “Ice Cream Sandwich,” much to the delight of users of phones, tablets... More »

Seasonal Success

The adult retail industry has embarked on its lengthy holiday season — starting with Halloween and extending to Valentine’s Day. XBIZ spoke with Camilla Lombard, events and publicity manager... More »
XBIZ NEWSLETTERS
Stay informed of the latest industry developments. Get XBIZ newsletters delivered to your inbox. Subscribe today!
Enter email address:

* To manage existing subscriptions click here.






POPULAR PRODUCTS & SERVICES
Submit your press release to
multiple news outlets with 1 click.
Subscribe to RSS news feeds or
add free content to your website.
Access XBIZ news and articles
with your mobile device.
XBIZ Premiere™, the industry's premier retail focused business journal, features in-depth and comprehensive business news and information targeted for producers of adult videos, novelty product manufacturers, and retailers - subscribe today!

UPCOMING EVENTS

XBIZ London Gathering

Feb 23 - Feb 23
Truckles Wine Bar in Holborn

Adult Entertainment Virtual Convention

Feb 24 - Feb 26
World Wide Web

The European Summit

Mar 05 - Mar 08
Barcelona, Spain

International Lingerie Show

Mar 26 - Mar 28
Las Vegas, Nevada
Everyday thousands of business professionals browse XBIZ's industry directory for quality products and services. Not listed yet? Your company could be losing potential new business. Submit your company today!
Use XBIZ RSS feeds to stay informed of the latest industry developments or as a content syndication tool for your website!