Shein and Temu Outpace Global Retail Giants in South Africa’s Fashion Market
China-founded e-commerce retailers Shein and Temu have captured a combined 3.6 percent 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 entered the market in 2020, followed by Temu in 2024. Both have disrupted the…