Analysis: Shein and Temu:

Loading player...
GUEST - Jan Vermeulen, Editor - MyBroadband.

South African consumers frequently shopping from popular online Chinese stores Shein and Temu should be aware that the cheap prices they pay for products might carry a high cost in other areas.
While the stores have taken South Africa by storm, cybersecurity experts, lawmakers, and fair labour advocates have warned that their methods of doing business might not be what many deem to be ethical — or even legal.
The concerns relate to the conditions under which these retailers’ suppliers have their employees working, how the companies handle and protect users’ personal data, and the reputation that the stores have when it comes to deliveries and returns.
15 Apr 2024 1PM English South Africa Business News · Investing

Other recent episodes

BofA Slashes SA Growth Forecast as Inflation Surges

Bank of America has cut South Africa’s 2026 GDP growth forecast to 1.3%, warning that higher oil and fertilizer prices will keep inflation above 4% for most of the year. Economist Tatonga Rusike explains
23 Apr 3PM 11 min

Understanding SA’s First Wealth Score

Franc unveils South Africa’s first-ever Wealth Score, revealing that financial habits—not income—are the strongest predictor of financial health. We unpack why SA’s national score is 45/100 and the behavior gap between knowing and doing with Dr. Thomas Brennan, founder and CEO of Franc.
23 Apr 3PM 13 min

Clicks Lifts HEPS 8% Despite Warehouse Disruptions.

Clicks delivered firm interim results with diluted HEPS up 8.1%, even as warehouse system delays cost an estimated R175 million in lost sales. CEO Bertina Engelbrecht discusses pharmacy growth, trading margins, and festive‑season competition.
23 Apr 2PM 16 min