Online sales nearly doubled in the retailer’s most reporting period compared to the same period last year as shoppers warm to buying their groceries on the Internet.
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The online classifieds website has been acquired by Impresa Capital, the majority shareholder in the Durban-based Ignition Group.
Makro has launched its first “native” app, allowing consumers to shop using an app rather than the company’s website.
Hundreds of workers at Takealot’s Montague Gardens warehouse embarked on an unprotected strike on Friday.
The South African market has evolved, and continues to evolve, differently from many other places in the world.
Takealot Group has built a powerful platform that will stand it in good stead in an increasingly competitive market, said Naspers CEO Bob van Dijk.
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.
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.