Prosus said its e-commerce business grew revenues and shrank trading losses for the year that ended 31 March, even as its overall profit continued to be dominated by its investment in Chinese technology giant Tencent.
Browsing: Retail and e-commerce
Naspers spin-off Prosus is planning to expand its grocery services using “dark stores” as competition booms in the global market for food delivery.
South Africa’s largest fashion and lifestyle retailer, TFG, wants to build up its newly launched technology hub to more than 100 new staff, its CEO said on Thursday.
The South African Post Office has signed an agreement with Mail Americas that it says will give online traders better access into all of Southern Africa, including rural areas.
From Hollywood to health care, Amazon.com seems to be growing tentacles at an accelerating rate.
Mr Price Group reported a 64.1% increase in full-year online sales, with the same figure from its core apparel and sports brands more than doubling in the same period.
The Competition Commission has launched an investigation into online markets in South Africa, designed as a “proactive” measure to prevent monopolies from forming in the e-commerce space.
A pandemic-fuelled online shopping boom lifted South Africa’s e-commerce sales by 66% last year to more than R30-billion, according to a new research report published on Wednesday.
JSE-listed Transaction Capital said on Wednesday that it is in talks to increase its stake in WeBuyCars to 74.9%, a move that will give it control over the South African online car marketplace.
The Post Office is mounting a campaign to enforce its monopoly over the delivery of small items. If it gets its way, it will inflict long-lasting damage on South Africa’s fledgling e-commerce industry. By Duncan McLeod.