Retail

The Competition Commission of South Africa is monitoring initiatives to bolster small spaza shops in KwaZulu-Natal following recommendations from its Grocery Retail Market Inquiry. Key measures include the establishment of a distribution center aiding bulk purchasing, with significant implications for informal retail competitiveness against major supermarket chains.

The recent Retail Summit in Lagos, organized by Interswitch, aimed to enhance payment innovation in Nigeria's retail sector. The focus on collaboration between private companies and government bodies is crucial for improving infrastructure and promoting financial inclusion, creating procurement opportunities in payment technology and fintech solutions.