Takealot Group CEO Mamongae Mahlare joins the TechCentral Show to unpack the future of e-commerce in South Africa, and more.
Browsing: Takealot
The competition authorities should support rather than obstruct e-commerce in South Africa, Takealot Group CEO Mamongae Mahlare has said.
The e-commerce group has blamed inflation and rising interest rates for a widened full-year loss. Is there more at play?
Inflation and rising interest rates in South Africa are two factors that Naspers has pointed to for a loss at Takealot.
Rand Merchant Bank expects e-commerce adoption in South Africa to achieve “developed market penetration levels” by then.
Pick n Pay said it delivered a “resilient” performance in its full-year results, despite the damaging impact of load shedding on its bottom line.
Takealot says Amazon.com’s plans to launch its e-commerce business in the country show the market is poised for growth.
The Competition Commission’s investigation into online markets in South Africa has been given another extension.
Pick n Pay and Takealot Group have tightened their business partnership by exploring the roll-out of Takealot pick-up points in the grocery retailer’s stores.
Profitability decreased due to higher fuel surcharges, investments in new warehouses and discounted clearance of inventory, parent Naspers said.