South Africa’s largest e-retailer, the Takealot Group, grew revenues by 36% year on year in the six months to 30 September 2021.
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Over R30-billion is being left on the table because of consumer experience problems and other issues, which is coincidentally the current market value of e-commerce in South Africa.
Takealot Group will replace long-serving CEO Kim Reid on 1 October. The role will be filled by Mamongae Mahlare, who joins South Africa’s largest online retailer from Illovo Sugar.
Naspers-controlled Takealot group reported revenue growth of 55% in the last financial year despite a ban on unfettered e-commerce during the height of the hard lockdown in 2020.
South Africa’s largest fashion and lifestyle retailer, TFG, wants to build up its newly launched technology hub to more than 100 new staff, its CEO said on Thursday.
Takealot.com, South Africa’s largest online retailer, grew revenue by 41% to $238-million, despite being limited to selling only “essential items” during the hard lockdown earlier this year.
Kim Reid, CEO of South Africa’s largest online retailer, Takealot.com, has made an impassioned plea to government to allow unfettered e-commerce and food delivery as soon as possible.
Promoted | South Africans are increasingly adopting mobile technology and our trust in various apps and online processes is strengthening.
Two of South Africa’s most popular e-commerce sites have announced the success of a merger that will create the largest online fashion offering in South Africa.
Naspers has acquired Tiger Global Management’s stake in South Africa’s largest e-commerce retailer Takealot, and now owns an effective 96% (91% fully diluted) of the business. This was revealed in its provisional