This report focuses on he retail trade in second-hand goods in stores and includes traditional and franchise model second-hand dealers, pawnbrokers, clothing and book exchange dealers. It excludes trade in used motor vehicles and motorcycles and trade of scrap metal, which are classified under different siccodes. This report includes information on the state and size of the sector and influencing factors, with profiles of 16 companies including major franchisers such as Cash Crusaders, Cash converters and Books Galore. Other companies profiled include Capital Pawn and Pawn Stars as well as second-hand clothes dealer Dlamini, which trades as Flair Vintage and Botshabelo, which uses the funds from sales to care for children.
Retail Trade of Second Hand Goods in Stores
The second-hand goods retail trade is often viewed as one that caters for poor people, but the global trend towards high quality vintage clothing, repurposed items and environmentally-conscious consumption has seen the industry attract buyers that wouldn’t have normally considered second-hand purchases. Due to the enforcement of regulations and increase in professional franchise operations, the sector is no longer considered a haven for stolen goods. There are an estimated 22,000 second-hand and pawn dealers in South Africa. Most second-hand stores are commercial operations, but some operate on behalf of, or in aid of a charity.
Cash Advance and Payday Loans
With irregular income and high debt levels, many South Africans cannot get loans from traditional lenders such as banks, and many turn to pawn shops that offer cash advances and payday loans. Companies like Cash Converters and Cash Crusaders also act as pawnbrokers by offering secured loans to people using personal items such as cellphones, jewellery and laptops as collateral. Pawn transactions are not credit agreements but are covered by the National Credit Act.
Full Report Country or Region-specific industry reports on 400 + key industries across the African continent identifying supply chain, influencing factors, SWOT and other key industry drivers. Full Industry reports also profile all major players operating in the industry.
R 1 900.00(ZAR) estimated $101.46 (USD)*
Industry Overview Country or Region-specific industry reports on 400 + key industries across the African continent identifying supply chain, influencing factors, SWOT and other key industry drivers. The Overview reports do not include profiles of major players.
R 1 330.00(ZAR) estimated $ 71.02 (USD)*
Table of Contents[ Close ]
|2.||DESCRIPTION OF THE INDUSTRY||1|
|2.1.||Industry Value Chain||2|
|3.||SIZE OF THE INDUSTRY||3|
|4.||STATE OF THE INDUSTRY||4|
|4.1.3.||Enterprise Development and Social Economic Development||10|
|5.4.||Improved Business Practices||18|
|5.6.||Crime, Physical Security and Cybersecurity||19|
|5.7.||Information Technology (IT), Research and Development (R&D) and Innovation||20|
|6.1.||Barriers to Entry||21|
|Summary of Notable Players||26|
|BABETTE CLOTHING (PTY) LTD||29|
|BOOKS GALORE HEAD OFFICE CC||30|
|CAPITAL PAWN CC||35|
|CASH CONVERTERS SOUTHERN AFRICA (PTY) LTD||36|
|CASH CRUSADERS FRANCHISING (PTY) LTD||41|
|FUNDRAISING SOLUTIONS CC||44|
|HAS BEEN OFFICE FURNITURE (PTY) LTD||45|
|PATOU BOUTIQUE (PTY) LTD||48|
|PAWN STARS CC||49|
|RAGS AND LACE 2014 (PTY) LTD||50|