Having long lagged behind much of the world in terms of e-commerce, South African retailers have been doing a roaring trade online as consumers shy away from shops during the Covid-19 pandemic.
Browsing: Retail and e-commerce
Google has agreed to buy a $4.5-billion stake in Jio Platforms, the digital arm of Reliance Industries, adding to a series of large investments from the US into the online venture.
Uber said on Monday it would buy Postmates in a $2.65-billion deal, looking to expand its reach into the food-delivery market as the coronavirus crisis upends its core ride-hailing business.
Prosus is in talks to increase its stake in iFood, Latin America’s biggest food delivery start-up, amid a wave of consolidation in the industry, people with knowledge of the matter said.
Uber Technologies is in talks to purchase food delivery service Postmates for about US$2.6-billion, Dow Jones reported, citing people familiar with the matter.
President Cyril Ramaphosa said a new continental online platform will help African countries to access critical medical supplies needed to fight the Covid-19 pandemic.
Amazon.com will hire 3 000 people in customer service in South Africa this year, the e-retailing and cloud computing giant said on Thursday.
Just Eat Takeaway.com said on Wednesday it had agreed to buy US peer Grubhub in an all-stock deal that, if completed, would create the world’s largest food delivery company outside China.
In many African countries, measures put in place to slow the spread of Covid-19 have made it harder for people to access affordable, nutritious foods. Tech entrepreneurs are stepping into the breach.
Naspers and an investor group backed by German publisher Axel Springer are among suitors that submitted bids for eBay’s classified advertising business, according to people familiar with the matter.