Takealot says Amazon.com’s plans to launch its e-commerce business in the country show the market is poised for growth.
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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.
Spar Group on-demand shopping platform, Spar2U, is nearing “critical mass” after expanding to 87 stores, it said.
Checkers has opened its first “dark store” to serve on-demand delivery as online grocery shopping continues to enjoy “notably strong growth”.
Raru, the online shopping site started by the founders of what later became Takealot, appears to have failed, eight years after its founding.
Takealot Group is pushing further into townships and growing its new grocery partnership to defend its market share, its CEO said.
Andy Higgins, a pioneer in e-commerce in South Africa, hopes the newly created Bob Group will make it easier for small and medium businesses to sell online.
The Competition Commission wants to punish leading enterprises in the digital space for being successful, the Free Market Foundation said.