The arm of South African Internet giant Naspers sold almost $4-billion worth of stock in JD.com that it got as dividends from investee Tencent.
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Takealot Group, which includes South Africa’s biggest e-retailer, Takealot.com, increased revenue by 27% in the past year, and remained near breakeven during the period.
Amazom.com plans to launch online shopping services in South Africa and four other countries by early 2023, a report said.
The meteoric rise of the digital economy has been exempt from the kind of tariffs that apply to trade in physical goods. That era may come to a screeching halt this week.
Spar is gearing up to take on Shoprite Group’s Checkers Sixty60 and Pick n Pay asap! in online grocery shopping in South Africa.
Computicket, the ticketing agency owned by Shoprite Group, has agreed to pay an R11.3-million “administrative penalty” to South Africa’s competition regulator.
Pick n Pay and Takealot Group have signed an agreement that will allow customers to buy Pick n Pay food, groceries and liquor on Takealot’s Mr D app.
Pick n Pay revealed on Tuesday that its on-demand online delivery app, Pick n Pay asap!, grew its sales by 300% in the year to February 2022.
Massmart’s troubled general merchandise retail chain Game has relaunched its website, with a focus on e-commerce, as part of a turnaround strategy.
After a month of testing, Taiwanese computer and electronics brand Asus has launched an online store in South Africa.