The Gumtree econ­omy

Finweek English Edition - - IN BRIEF -

South Africa’s sec­ond-hand in­dus­try is thriv­ing as more and more con­sumers are look­ing to stretch their bud­gets through buy­ing and sell­ing in the sec­ond-hand econ­omy, ac­cord­ing to Gumtree. The clas­si­fieds in­dus­try in SA is experiencing a growth spurt, with Gumtree alone main­tain­ing a 28% year-on-year growth rate and host­ing over 700 000 live ads at any mo­ment, it said.

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