Online retail store 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

JSE-listed media and e-commerce giant Naspers has announced it will invest R960m in South African e-retailer Takealot Online – which owns and other assets – in the process taking a majority stake in the company. In a statement has agreed to buy Dubai-based online retailer, whose shareholders include Naspers and Tiger Global Management, betting that e-commerce in the Middle East is poised to take off. The US e-commerce and India’s Flipkart Online Services have walked away from talks to acquire Dubai-based after disagreeing over price, according to two people with knowledge of the matter. The e-commerce business is now seeking

Naspers plans to expand in education software as Africa’s biggest company by market value searches for a repeat of the profitable bet it made on China’s Tencent. The owner of Africa’s biggest pay-television is in talks to acquire Dubai-based online retailer for about $1bn (R14,2bn) in a deal that will give the e-commerce giant a footprint in the high-growth Middle East market, according is weighing a bid for a stake in Dubai-based online retailer as the e-commerce giant seeks to expand in the Middle East, according to people with knowledge of the matter. The stake