Amazon.com is in South Africa for the long run, its regional marketplace head has said.
Browsing: Takealot
Takealot Group has sold its online fashion business Superbalist to a private equity consortium.
Naspers has urged South African regulators not to smother digital platforms with red tape.
The move by Google is the result of remedial actions imposed by the Competition Commission.
Bob Group MD Andy Higgins said criticism of Amazon’s May launch in South Africa is largely based on inflated expectations.
Takealot Group CEO Frederik Zietsman said he hopes the next trade minister will bring a strong tech focus to the portfolio.
Takealot Group plans to add more services to its TakealotMore subscription plan, which it launched last month.
Shein and Temu have exploited loopholes to undercut local e-commerce companies unfairly, Takealot said.
Parent Takealot Group is tracking in line with Naspers’s global e-commerce portfolio despite a tough macro climate.
Local retail and logistics industry stakeholders have welcomed an intervention to protect South African retailers.