Sources from the article
¹ Trade Intelligence, SA FMCG Market Size and Channel Report 2025
² GG Alcock / Kasinomics — via BusinessTech
³ Standard Bank Township Informal Economy Report, October 2025 (original report)
Supplementary coverage — BusinessTech
⁴ Stats SA, Survey of Employers and the Self-Employed (SESE) 2023, released March 2025
https://www.statssa.gov.za/ (search: SESE 2023)
⁵ Spaza shop registration data — The Citizen
Gauteng specifics — The Citizen
City of Tshwane data
⁶ Spaza Shop Support Fund — PMG progress report
Fund launch — Engineering News
⁷ Trade Intelligence, Formal Independent Trade baseline (2023)
⁸ Tiger Brands route-to-market — IOL / Tiger Brands official release
⁹ Yebo Fresh / Smollan acquisition — Trade Intelligence
Yebo Fresh revenue estimate — Webs.co.za