From comedy to social commentary, from health matters to true crime series, podcasts have exploded onto the world stage in the last few years. And South Africa hasn’t been slow to become a part of the phenomenon. In fact, we lead the world in the percentage of listeners who spend more than an hour a week consuming podcasts.
With the number of South African podcast listeners projected to grow to 4.8 million by 2027,[1]it’s a good time for local businesses to take the medium seriously as a way to sell more of their products and services.
A few pioneering South African podcasting ‘brands’ are already proving just how effective a marketing tool the podcast can be. Podcast and Chill with Mac G, Mpoomy Ledwaba’s Wisdom and Wellness, and Ideas That Matter with Vusi Thembekwayo are examples of local podcasts where individuals have created their own ‘personal’ brand. They generate income from advertising revenue but also from marketing ‘product’ associated with their brands.
Some companies leverage the medium through hugely successful business-orientated podcasts such as Michael Avery’s Business Talk or Money Matters with Jeremy Maggs. Many Financial Institutions have developed their own podcasting channels that, to varying degrees, transcend mere sponsorship and sell their brand through association with trusted industry experts, insights and analyses.
Media outlets have also sought to mitigate audience or readership loss by expanding their brands into podcasting.
For smaller or medium-sized businesses podcasting represents a golden opportunity to stand out and be heard.
