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.
Browsing: Retail and e-commerce
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.
Uber has pledged to increase safety campaigns for food delivery drivers and review the insurance they provide following a recent exposé about the mounting risks faced by drivers.
Amazon’s plan to take up almost half of the space at River Club raises questions about whether it will launch its online retail business locally to take on the Takealot.
Pieter Boone plans to accelerate his predecessor’s eight-year turnaround of the South African grocer by boosting online sales and focusing on stores that cater for lower-to-middle income consumers.
Mr Price said on Monday that it has reached an agreement to buy 100% of Yuppiechef, an “omnichannel” retail business focused on kitchenware, for about R470-million in cash.
E-commerce was one bright spot in an otherwise mostly grim set of results from Walmart-owned retail group Massmart for the 2020 financial year ended 27 December.
Jumia Technologies is expanding in online food delivery as the pioneering Africa e-commerce business looks to grow beyond its main market of trading phones and electronics.