Browsing: Takealot

Shoppers rate Kalahari SA’s top online store

Online shoppers are happiest with, a new survey has found. Research and consulting firm Columinate says Kalahari emerged as the clear winner in the survey, five points ahead of second-placed Yuppiechef

Big money in hunt for SA e-retail riches

Big companies are splashing unprecedented amounts of cash into e-retail in South Africa, with the likes of online merchandiser 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

SA e-commerce on cusp of boom?

Takealot made headlines last month when it secured about R1bn in funding from shareholder Tiger Global Management, an international investment firm. CEO Kim Reid told TechCentral when the deal was announced that Takealot is on an aggressive growth path in an effort to tap into what he called

In R1bn deal, Takealot seeks e-dominance

US$100m, or over R1bn. That’s the amount South African e-commerce site Takealot has raised from Tiger Global Management, an international investment company, according to a report on US website TechCrunch. Takealot CEO Kim Reid CEO says Tiger Global has been a shareholder in Takealot since its inception

Security crucial to SA’s online shoppers

MasterCard’s annual Online Behaviour Study, presented by World Wide Worx, has revealed that the availability of secure payment facilities is most critical to South Africans when they shop online. The study revealed that 90% of respondents cite the availability

Takealot takes control of Mr Delivery

Cape Town-based online retailer has acquired 60% of Mr Delivery – recently rebranded as Mr D – for an undisclosed sum. Over the past year, Mr D has established itself as a delivery vehicle for online orders through a partnership with Takealot. Mr D

Internet puts squeeze on retailers

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

TalkCentral: Episode 42 – ‘Eclipsed’

In this week’s post-Youth Day show, Duncan McLeod and Craig Wilson discuss Telkom’s results presentation on Monday, looking at the ongoing troubles at Multi-Links in Nigeria and 8ta’s latest subscriber numbers. They also chat about IBM’s centenary, the

Take2 rebrands, shoots for R1bn in sales

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