Starbucks, Burger King, Walmart… It’s only the beginning

The surge of big, multi-national brands (such as Walmart, H&M, Zara, Burger King and Starbucks) entering our local market is challenging South African retailers.

The Money Show’s Bruce Whitfield interviewed Guy Lundy, Partner at Odgers Berndtson Sub-Saharan Africa.

Scroll down for quotes from the audio below.

It’s definitely good for consumers!

Guy Lundy

Brand power is one of the biggest challenges that local companies face from these foreign companies.

Guy Lundy

Foreign companies may end up paying more for local talent as it’s becoming increasingly difficult to bring skills in from abroad.

Guy Lundy

This brings in new ideas and ways of doing this. It could be good for our retail sector.

Guy Lundy

This is, ultimately, good for the “skills pool” in South Africa.

Guy Lundy

If local retailers don’t recognise the challenge, they’re definitely going to be under threat.

Guy Lundy

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : Starbucks, Burger King, Walmart… It’s only the beginning


Recommended

by NEWSROOM AI
Read More
Menthols far deadlier than regular cigarettes, finds FDA. BAT shares tumble 11%

Menthols far deadlier than regular cigarettes, finds FDA. BAT shares tumble 11%

A proposed FDA ban wiped R176bn from British American Tobacco's market cap. Bruce Whitfield talks to Dr Richard van Zyl-Smit.

'I don’t spend much. I drive an old car. I’ve never been in debt'

'I don’t spend much. I drive an old car. I’ve never been in debt'

Bruce Whitfield interviews analyst Chris Gilmour about his attitude toward money (hopes and fears, successes and failures, etc.).

This is the best takeaway burger in all of South Africa

This is the best takeaway burger in all of South Africa

Steers, Wimpy, McDonalds, Burger King, KFC, Nando’s and Chicken Licken competed for the honours. The results were conclusive.

Founder of Truth Coffee, best coffee shop on Earth, comments on Starbucks in SA

Founder of Truth Coffee, best coffee shop on Earth, comments on Starbucks in SA

What does David Donde, South Africa’s best coffee barista and Founder of Truth Coffee, make of this new entry to the market?

South Africa (finally!) gets Starbucks. We spoke to the man making it happen

South Africa (finally!) gets Starbucks. We spoke to the man making it happen

There’s a premium caffeine fix coming to a city near you. We interviewed the man who is making it happen.

How to grow your bank balance (not your waistline!) with Burger King

How to grow your bank balance (not your waistline!) with Burger King

Grand Parade Investments, one of the JSE’s hottest shares, struck gold by bringing Burger King to SA, says Sanlam’s Gerhard Lampen.

Popular articles
Menthols far deadlier than regular cigarettes, finds FDA. BAT shares tumble 11%

Menthols far deadlier than regular cigarettes, finds FDA. BAT shares tumble 11%

A proposed FDA ban wiped R176bn from British American Tobacco's market cap. Bruce Whitfield talks to Dr Richard van Zyl-Smit.

Rustenburg SGB: Allegations against school didn't support a finding of racism

Rustenburg SGB: Allegations against school didn't support a finding of racism

The School Governing Body at Rustenburg Girls' Junior School (RGJS) has broken its silence on allegations of racism at the school.

Daughter of Timol murder accused Joao Rodrigues reveals sexual abuse

Daughter of Timol murder accused Joao Rodrigues reveals sexual abuse

Tilana Stander talks about the abuse she suffered at the hands of her father.

WATCH:  Crash, bang, wallop! How would YOU explain this to YOUR boss?

WATCH: Crash, bang, wallop! How would YOU explain this to YOUR boss?

The woman comes out of the crash without a scratch but is visibly distressed by the incident that she may have to explain later.

24-hour traffic service to soon be introduced in Cape Town

24-hour traffic service to soon be introduced in Cape Town

Councillor JP Smith says the City has started to get the ball rolling to expand the traffic service to cover night time.