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Online Retail sales on the rise in South Africa, says new yStats.com report

(PresseBox) (Hamburg, ) A new report by Hamburg-based business intelligence enterprise yStats.com covers B2C E-Commerce in South Africa. Commenting on his company’s publication, “South Africa B2C E-Commerce Market 2016,” yStats.com CEO Yücel Yelken observes that “online shopping growth in the country is driven by consumer demand for online shopping options and increasing Internet connectivity but hindered by a lack of trust in delivery and payment security.”

With approximately one half of the population connected to the Internet, South Africa is a regional leader online shopping, though only about one third of Internet connected individuals made online purchases last year, as cited in the yStat.com report. With mobile connections increasing and purchase fears being overcome, various sources predict growth at double digit rates over the next few years. Currently the products most bought by online shoppers in South Africa are travel arrangements and books. As delivery and payment security improve, online shopping is expected to spread.

Local companies have emerged to fulfill the desires of online shoppers. Takealot.com is the leader of the South African E-Commerce outlets, and other prominent players include Makro and Zando. International sellers Alibaba.com, Amazon.com and Ebay.com also attract the attention of Internet users in South Africa, according to the yStats.com publication.

For further information, see:
https://www.ystats.com/...

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yStats.com GmbH & Co. KG

Founded in 2005 and headquartered in Hamburg, Germany, yStats.com is one of the world's leading secondary market research companies. We are committed to providing the most up-to-date and objective data on Global B2C E-Commerce and Online Payment markets to sector-leading companies worldwide.

Our multilingual staff researches, gathers, filters and translates information from thousands of reputable sources to synthesize accurate and timely reports in our areas of expertise, covering more than 100 countries and all global regions. Our market reports focus predominantly on online retail and payments, but also cover a broad range of related topics including M-Commerce, Cross-Border E-Commerce, E-Commerce Delivery, Online Gaming and many others. In addition to our wide selection of market reports, we also provide custom market research services.

We are proud to cooperate with companies like Bloomberg and Thomson Reuters. Given our numerous citations in leading media sources and journals worldwide, including Forbes and the Wall Street Journal, we are considered one of the most highly-reputed international secondary market research companies with an expertise in the areas of B2C E-Commerce and Online Payment.