Browsing: Takealot.com

Big companies are splashing unprecedented amounts of cash into e-retail in South Africa, with the likes of online merchandiser Takealot.com recently raising R1bn of investment for expansion in the country and sub-Saharan Africa, and Naspers ploughing R5,6bn into e-commerce around the globe

UK music retailer HMV said this week that unless it can find a buyer, it will soon be forced to close its doors. HMV’s news comes just a week after the Virgin Megastore in France chain said it was headed towards bankruptcy. Although South Africa is a very different market

Walmart has hit the ground running following its purchase of a controlling stake in SA retail giant Massmart. Sunday newspapers carried glossy Walmart-Massmart advertisements promising discounted prices to consumers and sending a

Just seven months after being acquired by international hedge fund company Tiger Global Management, Cape Town-based e-retailer Take2 has changed its name to Takealot and is talking up a plan to generate R1bn in annual sales within five years. CEO Kim Reid