The billion-rand spaza shop (township tuckshop) industry in
South Africa is not a regulated sector. Most transactions at these shops are in
cash, and not electronically tracked. This makes it difficult for spaza shops
to be financially credited in South Africa.



But there are now fintech solutions such as Zande Africa offering financial and distribution platforms, operating out of warehouses, to assist these spaza shops in their townships, by delivering daily necessities to them.



READ MORE: <a href="https://www.forbesafrica.com/economy/2019/02/20/in-pictures-the-occupation-of-unemployment-in-south-africa/" target="_blank" rel="noreferrer noopener" aria-label=" (opens in a new tab)">IN PICTURES | The Occupation Of Unemployment In South Africa</a>



&nbsp;In this image, Tedy
Tizedo, the owner of Thandabantu, a tuckshop in Ermelo in the Mpumalanga
province of South Africa, pays a local Zande Africa agent for delivering bread
from its distribution warehouse. 



&nbsp;The fintech company
provides cash and credit service offerings to all spaza shop owners and creates
relationships with them for better pricing and service.&nbsp;

Tag: spaza

FORBES AFRICA SOCIAL MEDIA

Cash, Credit And Community