Shoprite Holdings’ IT spending soared nearly 18% in the 2021 financial year as its focus on technology-led disruption and e-commerce shifted to become top strategic priorities.
Browsing: E-commerce
Technology investor Prosus said on Tuesday it had agreed to buy Indian payments platform BillDesk for $4.7-billion to complement its own PayU business.
Over R30-billion is being left on the table because of consumer experience problems and other issues, which is coincidentally the current market value of e-commerce in South Africa.
JSE-listed Massmart, which owns Makro, Builders and other well-known retail brands, said on Wednesday that it has entered discussions to buy a controlling stake in e-commerce specialist OneCart.
Outgoing Takealot Group CEO Kim Reid said the South African Post Office should get the basics right – delivering the mail – before trying to enforce a monopoly over the delivery of parcels weighing less than 1kg.
Kim Reid has spent the past 10 years building Takealot Group – today controlled by Naspers – into South Africa’s largest e-commerce company. He sat down with TechCentral to reflect on his time at the helm.
The investing world is enthralled by a determined Beijing as it cuts China’s private sector down to size by relentless regulatory action. India’s more subtle manoeuvres in the same direction are going largely unnoticed.
Takealot Group will replace long-serving CEO Kim Reid on 1 October. The role will be filled by Mamongae Mahlare, who joins South Africa’s largest online retailer from Illovo Sugar.
A pandemic-led boom in online shopping in South Africa has seen Woolworths report a 118% increase in online food sales in the 52-week period to 27 June 2021.
Panic buying across neighbourhoods in Gauteng has seen popular grocery delivery services such as Checkers Sixty60 and Bottles by Pick n Pay buckle under the load.