The executives behind Wantitall and Parcelninja have launched a “global sourcing” e-commerce website promising half a million branded goods to South Africans at cheaper prices than available through other retailers.
Although online retail counts for less than 1% of South Africa’s total retail revenue, local e-commerce players are betting on a rapidly maturing market that is moving online with increasing confidence. According to a recent survey released by advisory firm PwC, the
A Johannesburg start-up has been launched to take charge of the storage and distribution needs of e-commerce companies in South Africa. ParcelNinja was formed when online shopping website Wantitall decided to take charge of its logistics infrastructure to improve its own service and delivery
E-retailer Wantitall has invested in Citymob, another online retailer, which specialises in selling a curated range of products for the design minded. The investment offers Citymob improved systems, logistics, warehouse facilities, increased access to customers and better supplier relationships
Former Internet Solutions CEO Angus MacRobert is continuing to make investments in the technology sector, snapping up a stake in Aspivia and helping expand the business of an earlier investment, Three6Five Network Solutions. MacRobert has made a range of investments
Internet retailers appear to be weathering the recession better than their bricks-and-mortar counterparts, with those polled by TechCentral reporting strong growth over last year’s festive season.…