StoreVision has opened a new subsidiary in Cape Town and thereby expanded its global presence

South Africa is a dynamic retail market, which has shown extensive growth during the last ten years. However, the country also has one of the highest retail shrinkages in the world. With StoreVision’s software solutions in place this is about to change.

With the opening of a new office in South Africa, StoreVision will be able to get local presence in the South African retail market, with one of the highest shrinkage numbers in the world according to the Retail Theft Barometer, the world’s largest and most comprehensive survey of the issue of retail shrink.

“This is a very exciting move for StoreVision as we see great potential in this rapidly increasing market”, says Pontus Lesse, CEO of StoreVision. “It is also a great chance for us to get entry into the rest of the huge African market.”