Spar is gearing up to take on Shoprite Group’s Checkers Sixty60 and Pick n Pay asap! in online grocery shopping in South Africa.
Browsing: Takealot
Pick n Pay and Takealot Group have signed an agreement that will allow customers to buy Pick n Pay food, groceries and liquor on Takealot’s Mr D app.
RCS, the consumer finance arm of French banking group BNP Paribas, has acquired South African online credit provider Mobicred.
South Africa’s largest e-retailer, the Takealot Group, grew revenues by 36% year on year in the six months to 30 September 2021.
Takealot Group, South Africa’s largest online retailer, has announced plans to build a giant new distribution centre in Cape Town.
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.
Outgoing Takealot Group CEO Kim Reid said the South African Post Office should get the basics right – delivering the mail – before trying to enforce a monopoly over the delivery of parcels weighing less than 1kg.
Kim Reid has spent the past 10 years building Takealot Group – today controlled by Naspers – into South Africa’s largest e-commerce company. He sat down with TechCentral to reflect on his time at the helm.
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.