Pick n Pay and Shoprite will soon roll out spaza shops of their own in townships. It’s great for consumers – they’ll be left with more money in their pockets – but also hugely disruptive.
Cape Talk’s Refilwe Moloto asked Lulama Qongqo, co-founder and independent investment analyst at Midpoint Consulting about the impending disruption of the spaza shop market.
“They’re cheaper than normal spaza shops… They have best-negotiating power in the country. You’re getting the same price that you would get if you went to town, said Qongqo.
“Remember, the spaza shop you used to support is your neighbour. Your neighbour is being outcompeted… I’m going to find the cheapest tomatoes I can find because my family needs to eat. But at the same time, it means another family doesn’t eat if their business goes under.”
In other news – Kwaito star Mshoza gets married for the third time
You remember when the mistress broke the internet last year with a viral video where she revealed how a top class of a woman she is and urged all men who would try her to be rich. It seems like she finally found the one for her! Kwaito mega star Mshoza has tied the knot for the third time.
Sunday World can exclusively reveal that Mshoza got married to East Rand businessman Prince Dlamini at a Home Affairs office in Joburg in a low-key ceremony attended by close friends and relatives on February 13. continue reading
Source: EWN
