2020 has been a tough year in general for South Africans, but more so from a financial point of view with 78% of consumers still feeling the pinch from the COVID-19 crisis[i]. Now, with the festive season upon us, 66% intend on reducing their holiday shopping spend[ii].
“Many South Africans, myself included, simply cannot spend the money we did last year on gifts. However, there is still a way to spoil your family and friends with the best of things without adding additional financial strain – subscriptions,” says Mishaan Rataan, co-founder of Rentoza – Africa’s first on-demand premium goods subscription platform.
He explains that a subscription platform like Rentoza offers gift givers a way to treat their loved ones to the latest tech but at a fraction of the cost. “Instead of purchasing the newest smartphones, gaming consoles and smartwatches outright at an exorbitant cost, with a subscription model you pay this over six or 12 months. Plus, once the subscription period is over, the recipient has the option of either owning the item or they can return it and get the latest model with a new subscription. Best of all, every item is insured a replacement value by Old Mutual Insure in case something breaks or goes missing.”
This year, Rentoza will be providing bundled offerings to make festive season shopping even easier. “Now you can get everything you need for your family in one place and at one price,” shares Ratan.
To become a subscriber, or for more information, go to https://rentoza.co.za.