Amazon’s plan to take up almost half of the space at River Club raises questions about whether it will launch its online retail business locally to take on the Takealot.
Naspers and Prosus CEO Bob van Dijk does not expect Amazon.com to enter South Africa’s e-commerce sector “any time soon” given the “really good job” being done by Naspers subsidiary Takealot.com.
Jumia Technologies is looking beyond an immediate target of generating a profit from its pioneering African e-commerce business, laying out longer-term plans to spin off divisions and enter new countries.
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.
Uber Eats’ South African unit on Thursday expanded delivery offerings, launching an app-based over-the-counter medicines service as it seeks to gain market share in the fast-growing online shopping sector.
Takealot.com CEO Kim Reid said on Friday that if the e-commerce company were to take government to court to challenge its continued ban on e-commerce, it would win – but he hopes it won’t be necessary.
Trade & industry minister Ebrahim Patel has effectively shot down requests by online traders to allow unfettered e-commerce in South Africa, saying doing so would be seen to be “unfair competition”.
The continued ban on unfettered e-commerce, and a possible extension of this ban beyond next Friday, is “incomprehensible”, according to Takealot.com CEO Kim Reid.