Today is Global Recycling Day – here’s what it means
Join the second-hand selling boom in support of Global Recycling Day.
Trading in second-hand goods is as old as business itself – and now it’s enjoying a rising new wave of popularity, to the benefit of both buyers and sellers, said Richard Mukheibir, CEO of Cash Converters Southern Africa.
“For me, it’s a no-brainer, because being a ‘smous’ is in my blood,” he said. “But thanks to the hugely increasing wave of interest in the millennial mantra of ‘recycle, reuse, repurpose’, we are seeing a whole new generation being attracted into buying and trading in second-hand goods.
“In the USA, a GarageWorks survey found that 75 per cent of US homeowners have garages that are too full to hold the family car and the situation in the UK is very similar. Instead, garages are full of hobby and sporting gear and over-spill from the main house, from holiday decorations to an extra fridge/ freezer. South Africans can check out their own garages ahead of winter – they will amaze themselves by how much they boost their own bank accounts when they blitz this kind of clutter. The feel-good factor from contributing to the reselling market is also great.”
In fact, the first-ever Global Recycling Day (https://www.globalrecyclingday.com) is today, 18 March, Mukheibir noted. This is an initiative of the Bureau of International Recycling and particularly focuses on what it terms the
Seventh Resource – goods that we recycle, re-purpose or reuse every day; to conserve and better use our six natural resources – water, air, coal, oil, natural gas and minerals. It challenges leaders and the general public to understand the necessity of recycling, supporting sustainable trade in recyclable materials and working with industries to encourage the reuse of goods and materials.
“We were delighted to realise that in doing this we are helping contribute to the Millennium Development Goals such as combating climate change and conserving primary resources,” said Mukheibir.
There is still a lot of economic spin-off to be found in the second-hand trade, he said. In Sweden, for example, the municipality of Eskilstuna recently opened what is believed to be the world’s first shopping mall for recycled, reused and repaired goods, the ReTuna Recycling Galleria. Growing southern African interest in the worldwide second-hand trading trend has seen Cash Converters’ franchise outlets in our region increase by 16 per cent in 2017 alone, said Mukheibir.
“As well as this, South Africa has also seen an increase in artisanal up-cycling that is more than simply for personal pleasure and social-media chatter,” he said.
“Enhancing or up-cycling goods for resale can and is creating small business opportunities.”
This makes the rise of second-hand trading a virtuous circle for all concerned, boosting local employment and income at every stage of the trading cycle, from homeowners to entrepreneurial crafters and dealers. Gumtree recently estimated that more than R1 billion is stashed in South African homes just in the form of “unused, good condition, re-sellable mobile phones.
“Canny consumers have relearned the lesson of their grandparents – that second-hand does not mean second rate,” said Mukheibir. “Our company tests all second-hand goods before they are bought in and makes their condition clear to the many prospective buyers who thrive on these bargains.”
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