In The News

SA's vanadium battery opportunities

SA's vanadium battery opportunities

South Africa poised to capitalise on global boom in Vanadium Redox Flow Batteries

Unlike conventional batteries, VRFBs separate the energy storage from the power capacity, allowing for scalable, long-duration energy storage by simply increasing tank size, resulting in a long lifespan (over 20 years), no risk of cross-contamination between electrolytes, safety (non-flammable), and the ability to remain indefinitely discharged without damage.

South Africa poised to capitalise on global boom in Vanadium Redox Flow Batteries

Unlike conventional batteries, VRFBs separate the energy storage from the power capacity, allowing for scalable, long-duration energy storage by simply increasing tank size, resulting in a long lifespan (over 20 years), no risk of cross-contamination between electrolytes, safety (non-flammable), and the ability to remain indefinitely discharged without damage.

LSF confident in building economic case for VRFB manufacturing in South Africa

After commissioning energy consultancy Customised Energy Solutions (CES) to determine the potential for a commercial vanadium redox flow battery (VRFB) value chain in South Africa, the Localisation Support Fund (LSF) is confident that this technology offers significant advantages and can cater for long-duration energy storage (LDES) demand.

Global demand for vanadium redox flow batteries could power SA’s industrial growth

A new study by the Localisation Support Fund shows global demand for vanadium redox flow batteries is set to surge, presenting South Africa with a major industrial opportunity.

Protecting jobs | Boosting local, cutting import reliance

JOHANNESBURG - The recent shifts in US trade policy – including renewed and potential tariffs – have raised questions about how these global moves could affect South Africa’s local manufacturing competitiveness, particularly in the furniture sector.

Coricraft bemoans lack of local skills as it eyes 120 000 products from SA factory

Coricraft bemoans lack of local skills as it eyes 120 000 products from SA factory

Coricraft boosts South Africa’s furniture sector with local production expansion, says LSF

Coricraft boosts South Africa’s furniture sector with local production expansion, says LSF

Localisation Support Fund and Coricraft boost local furniture manufacturing

Localisation Support Fund and Coricraft boost local furniture manufacturing

Coricraft replaces R79.6m in imports through lean manufacturing drive

In this video, Localisation Support Fund CEO Irshaad Kathrada, Dizani Consulting CEO Hannes van Heerden, and SAFI CEO Greg Boulle discuss the Coricraft localisation drive and lean manufacturing principles

How Coricraft protected 100s of jobs and created more through localisation drive

The Foschini Group-owned furniture manufacturer was assisted by the Localisation Support Fund with this project.

Shein and Temu outpace global retail giants in SA's fashion market

China-founded e-commerce retailers Shein and Temu have captured a combined 3.6% share of South Africa's retail, clothing, textile, footwear and leather (CTFL) market, accounting for R7.3 bn in sales in 2024, a report showed on Tuesday.

Temu and Shein milking South Africa dry

A Localisation Support Fund (LSF) report on the impact of offshore e-commerce players operating in South Africa estimates that platforms like Temu and Shein have cost 8,000 local jobs.

ActionSA Demands Accountability for 8,000 Jobs Lost and R1 Billion in Lost Sales Due to Shein and Temu Tax Loophole

ActionSA has formally requested the urgent appearance of the Minister of Trade, Industry and Competition, Parks Tau, the Minister of Finance, Enoch Godongwana, and the SARS Commissioner, Edward Kieswetter, before Parliament to account for the delay in closing a tax loophole exploited by Chinese online retailers Shein and Temu between 2020 and 2024.

Shein, Temu outpace global rivals in South African fashion market

Shein, Temu outpace global rivals in South African fashion market

Temu and Shein can cost South Africa 34 000 jobs

Temu and Shein can cost South Africa 34,000 jobs

Shein, Temu could cost economy R6. 2bn by 2030 as offshore retailers disrupt SA job market

Shein, Temu could cost economy R6. 2bn by 2030 as offshore retailers disrupt SA job market

REPORT FINDS THAT OVER 34,000 CLOTHING RETAIL AND MANUFACTURING JOBS ARE AT RISK AS OFFSHORE E-COMMERCE PLATFORMS GAIN MARKET SHARE IN SA

Over 34 000 clothing retail and manufacturing jobs could be displaced in South Africa by 2030 if offshore e-commerce platforms like Shein and Temu continue to gain market share. This is according to a new study commissioned by the Localisation Support Fund (LSF) and conducted by BMA in support of the Retail-Clothing, Textile, Footwear and Leather (R-CTFL) Masterplan.

Shein and Temu outpace global retail giants in South Africa's fashion market

Read more at:
https://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/shein-and-temu-disrupt-south-africas-fashion-market-a-tale-of-e-commerce-growth/123136441

Shein and Temu, the China-founded e-commerce giants, have rapidly gained a signi ..

Read more at:
https://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/shein-and-temu-disrupt-south-africas-fashion-market-a-tale-of-e-commerce-growth/123136441

REPORT FINDS THAT OVER 34,000 CLOTHING RETAIL AND MANUFACTURING JOBS ARE AT RISK AS OFFSHORE E-COMMERCE PLATFORMS GAIN MARKET SHARE IN SA

REPORT FINDS THAT OVER 34,000 CLOTHING RETAIL AND MANUFACTURING JOBS ARE AT RISK AS OFFSHORE E-COMMERCE PLATFORMS GAIN MARKET SHARE IN SA

Shein and Temu could cost South Africa R6.2 billion by 2030

Between 2020 and 2024 alone, Shein and Temu captured approximately 3.6% of the total market share at a remarkable pace, outstripping traditional local retailers who took years to achieve similar penetration

Localisation Support Fund Study Flags 34,000 South African Jobs At Risk From Shein And Temu Growth

This is according to a new study commissioned by the Localisation Support Fund (LSF) and conducted by BMA in support of the Retail-Clothing, Textile, Footwear and Leather (R-CTFL) Masterplan.

E-commerce has expanded rapidly, with online clothing sales growing from just 2.4% of total market share in 2015 to nearly 10% in 2024.

Shein and Temu have captured a disproportionate share of this growth - an estimated R7.3bn in sales in 2024, accounting for more than a third of all online clothing sales in South Africa.

LFS: Offshore e-commerce giants cost SA economy R960mn

LFS: Offshore e-commerce giants cost SA economy R960mn

Offshore Online Retailers | Temu and Shein bring stiff competition

China-founded e-commerce retailers Shein and Temu have captured a combined 3.6% share of South Africa's (SA) retail, clothing, textile, footwear and leather (CTFL) market, accounting for $405 million in sales in 2024, a report showed on Tuesday

Upcoming VAT changes could raise costs for Temu and Shein shoppers

Upcoming VAT changes could raise costs for Temu and Shein shoppers

Offshore ecommerce retailers battering our industries to extinction- Proudly SA

Offshore ecommerce retailers battering our industries to extinction- Proudly SA

Shein and Temu linked to over 8 000 lost jobs in SA, report finds

Shein and Temu linked to over 8 000 lost jobs in SA, report finds

Shein and Temu tighten their grip

Shein and Temu tighten their grip

Shein and Temu threaten local retail fashion jobs

Report warns that more than 34,000 could be lost in five years as e-commerce surges

Shein, Temu kos bedryf al R1 mjd. en 8 000 nuwe poste

Shein, Temu kos bedryf al R1 mjd. en 8 000 nuwe poste

Online retailers Shein, Temu could cost South Africa R6.2bn by 2030

Localisation Support Fund warns over threat posed by off-shore e-commerce retail

Temu and Shein can cost South Africa 34,000 jobs

If Shein and Temu continue taking market share at their current rates, South Africa could lose over 34,000 clothing retail and manufacturing jobs.

Jobs and millions of rands lost – Here’s how Temu and Shein are hurting SA

More than 34 000 jobs could be displaced by 2030 if Shein and Temu continue to gain market share.

34,000 local jobs threatened by Shein and Temu’s growth in SA

Over 34,000 clothing retail and manufacturing jobs could be displaced in South Africa by 2030 if offshore e-commerce platforms like Shein and Temu continue to gain market share.

Shein and Temu outpace global retail giants in South Africa's fashion market

Shein and Temu, the China-founded e-commerce giants, have rapidly gained a significant foothold in South Africa's retail market, capturing 3.6% of the CTFL sector and generating 7.3 billion rand in sales by 2024. Their aggressive pricing and strategic marketing, initially aided by tax loopholes, have disrupted the local retail landscape

Temu And Shein Threaten 34,000 South African Jobs by 2030 – Report

The devastating effects of fast fashion on local industries may necessitate a policy change, but it also needs a cultural shift.

Shein and Temu threaten local fashion jobs as e-commerce surges

Report warns that more than 34,000 local jobs could be lost by the end of the decade

Shein, Temu could cost economy R6.2bn by 2030 as offshore retailers disrupt SA job market

Between 2020 and 2024 alone, Shein and Temu captured approximately 3.6% of the total market share at a remarkable pace, outstripping traditional local retailers who took years to achieve similar penetration.

Shein and Temu Outpace Global Retail Giants in South Africa’s Fashion Market

The China-founded e-tailers’ appeal to price-sensitive consumers has impacted local retailers.

Shein and Temu outpace global retail giants in South Africa's fashion market

JOHANNESBURG, Aug 5 (Reuters) - China-founded e-commerce retailers Shein and Temu have captured a combined 3.6% share of South Africa's retail, clothing, textile, footwear and leather (CTFL) market, accounting for 7.3 billion rand ($405 million) in sales in 2024, a report showed on Tuesday.

Shein and Temu outpace global retail giants in South Africa's fashion market

Shein and Temu, the China-founded e-commerce giants, have rapidly gained a significant foothold in South Africa's retail market, capturing 3.6% of the CTFL sector and generating 7.3 billion rand in sales by 2024. Their aggressive pricing and strategic marketing, initially aided by tax loopholes, have disrupted the local retail landscape

Shein, Temu outpace global rivals in South African fashion market

Shein and Temu have together secured a 3.6% share of South Africa’s retail, clothing, textile, footwear, and leather market, generating 7.3 billion rand (US$408 million) in sales in 2024, according to a report by the Localisation Support Fund.

Shein en Temu kos die klerebedryf al R1 mjd. en 8 000 nuwe poste

Shein en Temu kos die klerebedryf al R1 mjd. en 8 000 nuwe poste

SA adds antitrust exemption to its tariff shield toolkit

'Block exemption’ is cornerstone of government support, with export support desk and R340m localisation support fund

Shein, Temu ‘smash and grab’: 8 000 SA jobs lost in 4 years — report

BMA, which conducted research on behalf of the Localisation Support Fund, warned it could displace up to 35 000 jobs by the end of the decade.

Offshore Online Platforms | The playing field is not level: Simon Eppel

The rise in offshore e-commerce retailers like Temu and Shein has come at a significant cost to the local economy. A research report, commissioned by the Localisation Support Fund, has revealed that the online Chinese retailers collectively achieved approximately R7.3 billion in sales from South African consumers. The sites attract customers with ultra-low prices on goods, while also including free shipping, making the buys even better value. While price conscious customers may benefit, the shift in spending is contributing to job losses in South Africa

Chinese retailers collectively achieved approximately R7.3 billion in sales from South African consumers in 2024.

[WATCH] A research report commissioned by the Localisation Support Fund has revealed that the online Chinese retailers collectively achieved approximately R7.3 billion in sales from South African consumers in 2024.

Localisation Support Fund Boosts Efficiency and Builds Capacity in the Retail-Clothing, Textile, Footwear and Leather Industry

Localisation Support Fund Boosts Efficiency and Builds Capacity in the Retail-Clothing, Textile, Footwear and Leather Industry

Could grid development roll-out boost struggling metals sector?

Could grid development roll-out boost struggling metals sector?

Why locally made can still trump cheap imports

Why locally made can still trump cheap imports

Local Support Fund: interventions will never be enough to position local manufacturers against the cheap imports

Local Support Fund: interventions will never be enough to position local manufacturers against the cheap imports

After the Bell: Localisation helps keep cut-price Chinese imports at bay

After the Bell: Localisation helps keep cut-price Chinese imports at bay

Non-profit to help push clothing sector to target of 170% increase in jobs

Non-profit to help push clothing sector to target of 170% increase in jobs

How LSF boosted Cape Union Mart and others with retail sector master plan

How LSF boosted Cape Union Mart and others with retail sector master plan

SA businesses turn to sourcing products locally

SA businesses turn to sourcing products locally

How LSF boosted Cape Union Mart and others with retail sector master plan

How LSF boosted Cape Union Mart and others with retail sector master plan

Localisation Support Fund supports local clothing, textiles businesses.

With the local retail-clothing, textile, footwear and leather (R-CTFL) sector accounting for about 14% of South Africa’s manufacturing employment, nonprofit company the Localisation Support Fund (LSF) has implemented interventions to help increase local manufacturing revenue and capacity in the sector.

Supporting SA's renewable energy masterplan.

Supporting SA's renewable energy masterplan.

Energy transition offers once-in-century potential for South Africa to reindustrialise

Competitiveness concerns could scupper once-in-century potential for South Africa to reindustrialise.

Localisation Support Fund seeks greater support for renewables sector (iol.co.za)

Localisation Support Fund seeks greater support for renewables sector

Eskom transmission and distribution opportunities for local OEMs

Eskom transmission and distribution opportunities for local OEMs

Update on Localisation Support Fund (LSF)

Update on Localisation Support Fund (LSF)

Study confirms South Africa can produce most components needed for the transmission, distribution value chain

Study confirms South Africa can produce most components needed for the transmission, distribution value chain

Opportunity to localise some components in the Transmission and Distribution value chains

The Localisation Support Fund (LSF) released a report on the findings of a study on the Value Chain Mapping of the South African transmission and Distribution Networks and the allocation of the South African Manufacturing Capability to the Value Chain Elements, which highlights anticipated growth in the electricity transmission and distribution (T&D) value chain; and opportunities for localisation within the T&D value chain.

South Africa able to manufacture powerline products locally

South Africa able to manufacture powerline products locally

There's opportunity to localise components in the T&D value chains

The Localisation Support Fund (LSF) released a report on the findings of a study on the value chain mapping of the South African transmission and distribution networks and the allocation of the South African Manufacturing Capability to the value chain elements, which highlights anticipated growth in the electricity transmission and distribution (T&D) value chain; and opportunities for localisation within the T&D value chain.

Localisation Support Fund: SA’s regulatory structure hobbles innovation.

Joining CNBC Africa to unpack this further is Thami Moatshe, Executive Head, Localisation Support Fund.

Localising SA's electricity transmission and distribution network

Localising SA's electricity transmission and distribution network

Stakeholders work on ways to mitigate load shedding

Stakeholders work on ways to mitigate load shedding.

Access to Support & Industry-Focused Research within the Local Manufacturing Sector

Localisation Support Fund (LSF) partnered with Proudly South African in an insightful and informative webinar where the importance of localisation within the manufacturing sector was explored. The LSF shared about how it supports the sector through industry-focused research and the deployment of technical expertise.

South Africa has the capability to rebuild its manufacturing sector.

South Africa has the capability to rebuild its manufacturing sector.

Manufacturing still shedding jobs due to power outages, weak demand and rising input costs.

Business Times reports that employment in SA is almost back to pre-pandemic levels, but the manufacturing sector, faced with load-shedding, weak demand, rising costs and poor municipal services, continues to shed jobs.

Manufacturing still shedding jobs.

Rising input costs, power outages and industrial action put strain on the sector

Private sector injected R340m in support of South Africa’s localisation drive – Where are we now?

Gugulethu Mfuphi of Kaya FM speaks to our Executive Head, Thami Moatshe.

Public-private partnership launches R340m Localisation Support Fund

In a bid to assist manufacturers to increase their capacity and improve their competitiveness, the private sector in partnership with Minister of Trade, Industry and Competition Ebrahim Patel launched the Localisation Support Fund (LSF) yesterday.

Private sector injects R340m in support of South Africa’s localisation drive.

A new public-private initiative has been launched in an effort to support the growth and development of South Africa’s manufacturing sector, whose recovery from the Covid lockdowns is currently being undermined by intense daily loadshedding.