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SA e-commerce on cusp of boom?

Takealot made headlines last month when it secured about R1bn in funding from shareholder Tiger Global Management, an international investment firm. CEO Kim Reid told TechCentral when the deal was announced that Takealot is on an aggressive growth path in an effort to tap into what he called

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In R1bn deal, Takealot seeks e-dominance

US$100m, or over R1bn. That’s the amount South African e-commerce site Takealot has raised from Tiger Global Management, an international investment company, according to a report on US website TechCrunch. Takealot CEO Kim Reid CEO says Tiger Global has been a shareholder in Takealot since its inception

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Tempered Christmas cheer for e-retailers

SA’s top online stores have all enjoyed marked growth over the same period last year, with some reporting up to 40% year-on-year sales increases. However, an analyst says the performance could