Shoppers to enjoy rock-bottom prices as Konga rolls out flash sales to mark 8th anniversary

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Konga, Nigeria’s composite e-commerce giant is set to roll out its flash sales today, Monday, June 29, 2020, as part of efforts to mark its eighth-anniversary celebrations.

The flash sales, four days, are set to go live by 10am, 2pm, 4pm and 6pm.

Equally important, the flash sales are expected to be a daily feature of the eighth-anniversary celebrations effective today, Monday, June 29 until the end of the promotion on Tuesday, July 2, 2020 – a development that has heralded intense excitement among eager shoppers, many of whom have awaited the commencement of the flash sales with keen anticipation.

Shoppers to enjoy rock-bottom prices as Konga rolls out flash sales to mark 8th anniversary - Brand Spur

Meanwhile, daily flash sales are expected to provide lucky customers with an opportunity to claim a number of exciting products at highly discounted prices. This is in addition to the offer of free deliveries for orders which will coincide with the days for the flash sales.

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A number of amazing products have been lined up for the flash sales which will run daily across multiple product categories including mobile phones, computing and devices, electronics, FMCG products, kitchen appliances, fashion and much more.

The palpable excitement among bargain-hungry shoppers for the flash sales stems from the fact that it is a unique opportunity to enjoy unmatched discounts or giveaway prices on the items or products up for sale. Further adding to the excitement is the fact that the flash sales are time-bound, thus adding a spice of suspense and adventure to the fun as shoppers compete for the chance to claim the products on offer.

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Awani Olamide, a customer who has shopped on Konga since inception, says it is one of the most thrilling discounts offers to partake in.

‘‘Konga flash sales are very exciting affairs. Due to the huge interest from shoppers all competing for the items, it is often filled with anticipation, suspense and sheer delight at the end for the lucky winners. It is more like a case of the fastest fingers.

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‘‘To stand a chance of winning, a prospective shopper must be sharp and hooked to Konga online at all times. You cannot afford to sleep on it or join in when it has already started. The products can drop at any time once the flash sales start. So, my advice: if you are not yet doing so, you have to ensure you are following Konga on their various social media platforms in order to keep abreast of developments.

‘‘Having shopped on Konga for so many years, I have participated in numerous flash sales so I have a fair bit of experience,’’ he concluded.

The flash sales are a continuation of a three-week-long massive sales extravaganza put together by Konga to appreciate its customers as it marks eight years of outstanding achievements in the Nigerian e-commerce space.

Founded in July 2012, Konga has remained at the forefront of the Nigerian e-commerce industry, with a long list of innovative strides and achievements that have made it the e-commerce brand of the first choice for millions of Nigerians.

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Shoppers to enjoy rock-bottom prices as Konga rolls out flash sales to mark 8th anniversary - Brand SpurShoppers to enjoy rock-bottom prices as Konga rolls out flash sales to mark 8th anniversary - Brand Spur

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Shoppers to enjoy rock-bottom prices as Konga rolls out flash sales to mark 8th anniversary - Brand SpurShoppers to enjoy rock-bottom prices as Konga rolls out flash sales to mark 8th anniversary - Brand Spur

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Singapore Employees Lack Retirement Support From Companies While Financial Wellbeing Becomes a Top Priority: Aon Survey

SINGAPORE - Media OutReach - 14 April 2021 - Aon plc (NYSE: AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions, has released the findings of the 2021 Trends in Retirement & Financial Wellbeing survey for Singapore.


Working adults in Singapore ranked retirement planning as their top priority but an alarming 80% underestimate how much they really need to retire. While retirement support from employers is also lacking, further challenges remain around transparency in group retirement plans' investment offerings and employees foregoing long-term perspectives to seek short-term gains.

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Ashley Palmer, Regional Managing Partner, Retirement & Investments, Asia for Aon, said, ""Employers can have a significant impact on how much their employees save by instilling smart habits and healthy money behaviours. The right long-term savings vehicles, effective communications and financial tools will help Singapore's workforce be more financially resilient in the wake of the COVID-19 pandemic."


The survey identifies three main themes in financial wellbeing and retirement support for Singapore employees.


Financial wellbeing support is the new employee expectation. As a result, close to 40% of employers rank an employee financial wellbeing strategy as their highest priority, followed by emotional and mental wellbeing support. The survey shows that 70% of Singapore employers will formulate or execute financial wellbeing programmes throughout 2021, in line with employee expectations. Companies also view offering a financial wellbeing programme critical in increasing employee engagement and remaining competitive in the talent market.


There is an increasing trend of employer-led supplementary savings plans. Currently, 22% of companies surveyed offer Central Provident Fund (CPF) top-up contributions to citizens and Permanent Residents. But, close to 40% of the working population in Singapore are foreigners who do not have access to CPF and are likely to have foregone their retirement benefits in their home countries. To bridge this gap, and to provide equitable retirement benefits to all employee groups, close to 50% of the organisations surveyed offer supplementary retirement benefits to their foreign staff. Financial services firms are leading in this practice, followed by the technology and the healthcare sectors.


Promisingly, a third of organisations in Singapore are prioritising a thorough review of their supplementary retirement arrangements in 2021.


Alicia Brittain, Senior Consultant & Actuary, Retirement & Investments, Singapore for Aon, said, "Forward-looking companies first need to understand the financial worries of their employees and identify the gaps in their benefits offering. The most effective approaches are aimed at changing individual behaviours towards money and savings and providing accessible programmes and vehicles to deliver sustainable change. For example, when organisations provide retirement benefits as cash-in-lieu, it is most likely immediately spent and so does not form part of an emergency fund or long-term savings for the employees' retirement years. Supplementary retirement plans solve this issue and are more flexible and cost effective - and can also offer contributions above the monthly CPF wage cap to increase employee savings."


Employees in Singapore lack a well-defined default investment strategy. Less than 30% of the surveyed companies in Singapore currently offer their employees an investment choice in their retirement plans, and only 15% of retirement plans have a default investment fund. This leads to employees selecting their own optimal investment funds. They may lack experience in understanding investments, which can lead to misallocating their money and result in inadequate retirement savings or excessive risk taking.


Brittain added, "The key to protecting employees and adding value to savings in any defined contribution retirement plan is a well-defined default investment strategy. This includes frequent performance monitoring, actively managing investment risks and dynamically reducing investment risk as employees move towards retirement."


Notes to Editors

The Aon 2021 Trends in Retirement & Financial Wellbeing for Singapore survey was designed to help organisations understand the unique retirement and financial needs of their Singapore workforce. This tri-annual survey was completed by organisations with employee populations ranging from five to over 4,000 and are based in Singapore. Responding Rewards and Benefits Leaders, HR and Finance Professionals provided feedback and insight on their organisations' financial wellbeing and retirement programmes, interests and concerns. Click here for the full report.

About Aon

Aon plc (NYSE: AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.

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Shoppers to enjoy rock-bottom prices as Konga rolls out flash sales to mark 8th anniversary - Brand Spur
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