Top 500: South Africa's Best Managed Companies’ Post

The Role of Digital Advertising As A Driving Force In The South African Economy 📈🇿🇦 Digital advertising has become indispensable for brands and businesses of all sizes. Post-pandemic, more consumers than ever before are digitally connected. In fact, Meltwater's Global Digital Report ranks South Africa as number one globally for time spent using the internet at 9 hours and 24 minutes, with the majority of that time spent on social media platforms. Given this, businesses have found more reasons to invest in digital advertising — from targeted reach and measurable results to engaging formats and cost-effectiveness. The latest IAB South Africa Internet Advertising Revenue Report (‘Online AdSpend Report’) is evidence of the continued growth and maturity of the digital advertising landscape in South Africa, showing a remarkable 21.5% year-on-year (YoY) growth from 2022, reaching a new high of 39.8% of the overall advertising market. This is a significant increase from 36% in 2022 and 34% in 2021. By tracking the growth and evolution of revenue generated by digital advertising, industry stakeholders can gain a better understanding of the market dynamics and make informed decisions about their future strategies. Read the full article by Paula Hulley, Online Revenue Report Project Lead, IAB South Africa Research & Measurement Council and Managing Director at Digitas Liquorice here: https://hubs.la/Q02TX1rJ0 #Advertising #Marketing #SocialMedia #Top500 #Publication #TopcoMedia

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