Naspers said Takealot Group is feeling pressure from new competitors in the local market, including Amazon and Temu.
Browsing: Mr D
Takealot has taken aim at Amazon by launching an Amazon Prime-style subscription model for its customers.
Mr D is turning into a full-service on-demand marketplace where users can shop for pet care, liquor, groceries and gifts.
The competition authorities should support rather than obstruct e-commerce in South Africa, Takealot Group CEO Mamongae Mahlare has said.
Pick n Pay said it delivered a “resilient” performance in its full-year results, despite the damaging impact of load shedding on its bottom line.
Profitability decreased due to higher fuel surcharges, investments in new warehouses and discounted clearance of inventory, parent Naspers said.
The Competition Commission wants to punish leading enterprises in the digital space for being successful, the Free Market Foundation said.
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.
Pick n Pay and Takealot Group have signed an agreement that will allow customers to buy Pick n Pay food, groceries and liquor on Takealot’s Mr D app.
South Africa’s largest e-retailer, the Takealot Group, grew revenues by 36% year on year in the six months to 30 September 2021.