Parent Takealot Group is tracking in line with Naspers’s global e-commerce portfolio despite a tough macro climate.
The fast-food delivery company stood out in the Takealot Group, which also includes e-commerce retailer Takealot .com and the fashion-focused Superbalist.com. The group grew gross merchandise value by 3% and revenue by 8% year on year.grew gross merchandise value by 16% in local currency, despite tough trading conditions in its traditional middle-income market.
Takealot.com grew GMV by 3% and reduced trading losses by $4-million , excluding mergers and acquisitions from the previous financial year. The Takealot.com marketplace seller base exceeded 10 000 active sellers in March 2024. “There was also increased fragmentation as competitors continue to invest heavily in e-commerce capability. Temu and Shein have made inroads in the South African market, and the recent arrival of Amazon will intensify competition further,” it said.Takealot Group forms part of the Naspers e-commerce portfolio, which is made up of online retail, classifieds and fintech businesses spread across the world.
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