Mr Price Cellular, the mobile virtual network operator launched in 2017, has shown stunning growth in the past year, topping R1-billion in revenue.
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It is not yet clear just how extensive the destruction of particularly retail and warehouse property and the looting of stock in the unrest in KwaZulu-Natal and Gauteng was.
Mr Price Group is a step closer to scooping up online retail kitchenware pioneer Yuppiechef after the Competition Commission on Thursday announced its backing of the acquisition.
Mr Price Group reported a 64.1% increase in full-year online sales, with the same figure from its core apparel and sports brands more than doubling in the same period.
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.
Despite overall trade taking a hit due to the Covid-19 fallout and lockdown, Durban-based national apparel and home retail giant Mr Price Group has seen a surge in online sales and has increased its market share post the “hard” lockdown.
JSE-listed technology company 4Sight Holdings has formed a partnership with Unplugg Group, an IT company led by former Mr Price chief information officer Antony Hlungwane.
MTN South Africa is set to help launch consumer brands as mobile virtual network operators (MVNOs), according to the company’s CEO. The brands include “household names”, MTN South Africa
ThumbzUp, the local developer of mobile point-of-sale systems available in South Africa through Absa and in Australia through ANZ, is on the verge of signing significant new deals that will take it into
Cell C’s mobile virtual network operator platform, which allows other brands to launch mobile services using its network infrastructure, has attracted more than a million end-user customers, the telecommunications operator said on Monday. Brands such as