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RETAIL NEWS
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Shoprite the first retailer to offer OUTbonus following OUTsurance partnership
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hoprite will be the first supermarket to offer an OUTbonus, following a partnership between Africa’s largest food retailer and OUTsurance, to bring consumers more accessible and affordable insurance products. A competitively priced funeral policy is the first product to launch under this new partnership, with numerous additional offerings in the pipeline.
“We are confident that this partnership will give more South Africans access to financial services in the form of simple and easy to understand products,” says OUTsurance CEO Danie Matthee. “Two well-known and trusted South African brands are bringing together their complementary skills and assets such as retail reach, digital capabilities, insurance innovation and entrepreneurial spirit.”
“This collaboration is a natural fit,” explains Jean Olivier, general manager of financial services for the Shoprite Group. “It sees Shoprite and OUTsurance combining its value propositions - Lower Prices You Can Trust and You Always Get Something Out - to offer consumers a highly competitive and accessible range of insurance products.” The Group will make these products available at the approximately 1 600 Money Market counters located in Shoprite, Usave, Checkers and Checkers Hyper stores nationally. These counters already enable millions of customers to make money transfers, buy bus tickets, pay bills and more.
The funeral policy is designed to give customers peace of mind and its key features include: • An OUTbonus, which gives customers one month’s premium back for every 12 premiums paid; • Pause and Play, a feature that allows cover to be paused for up to three months and resumed with no additional waiting period or cost; • Immediate payment of a R1 000 Shoprite gift card in the event of a valid claim; • An optional Accident Death policy that pays out double the sum assured for all lives in the event of accidental death; • No waiting period for natural death when switching from any other registered insurer.
OUTsurance is one of the country’s most innovative financial services companies with a reputation for great value-for-money products, backed by outstanding service delivery.
Customers are encouraged to visit the Money Market counter at their nearest Shoprite, Usave, Checkers and Checkers Hyper from end April 2020 to buy their funeral policy and start saving immediately.
Kweza, the best way to shop
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ituated at a corner or on every other street you will find your favourite local spaza. The place where you buy your stock, top up your groceries or grab that refreshing cold drink. If you are a spaza shop owner you will know sourcing stock to serve your community can be challenging, timeconsuming and expensive. That’s where the story of Kweza begins. Started by four passionate individuals whose families have run similar businesses, Kweza is the solution for spaza shops that ensures they receive three value propositions: visibility, access, and convenience.
Visibility Kweza goes out of its way to source stock at the lowest available price in the market so that as a spaza you can build a sustainable business from the long hours you put in, and in turn as a community member, you are buying at the most competitive price.
Access Kweza doesn’t only show you the lowest price, they ensure you have access to it. Through its easy-to-use mobile app, spaza shops have access to a wide range of products available to them at any time, from the comfort of their home or store. They can then place orders and immediately see how much it will cost them before delivery, which happens within twenty-four hours of the order being placed.
Convenience Kweza understands the long hours spaza owners put in and that they can’t always leave their store, so its trusted team of delivery partners, who are locals in the township community, bring these products directly to their doorsteps. If you own your own bakkie please reach out to the team and become a part of the Kweza community.
