Browsing: Kim Reid

News
E-retailers Superbalist, Spree to merge

Media24 and Takealot will merge their online fashion stores Spree and Superbalist to create a new platform for the sale of fashion goods on the Internet. The new venture will be held 51% by Media24, Spree’s current

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How Takealot will spend the Naspers millions

Online retail store Takealot.com has been growing at a compound rate of 107% for the last four years as younger South Africans slowly but surely become more comfortable with online shopping. Despite this rapid growth

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Naspers to pump R1bn into Takealot

JSE-listed media and e-commerce giant Naspers has announced it will invest R960m in South African e-retailer Takealot Online – which owns Takealot.com and other assets – in the process taking a majority stake in the company. In a statement

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End of the line for Kalahari brand

E-commerce website Kalahari was taken offline on Thursday night as Takealot said the merger between the two companies’ websites is now officially complete. The site’s expected closure

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Kalahari, Takealot set out merger details

E-commerce in South Africa is set for a major change as the discontinuation of the Kalahari.com brand and website is set to happen within a month. The Kalahari brand and website will be folded

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Authorities okay Takealot, Kalahari merger

The competition authorities have approved the merger of two of South Africa’s biggest e-retailers. Takealot.com and Kalahari.com said on Tuesday that their merger deal had been given the go-ahead by regulators. The decision was handed down on Monday, the

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