The Takealot Group’s path to overall profitability is dependent on finding a workable model for Superbalist, which is its only non-profitable business.
Takealot Group CEO Frederik Zietsman revealed that Takealot .com is profitable as of the 2024 financial year.He stated that while the Takealot Group – comprising Takealot .com, Mr D , and Superbalist – incurred a trading loss, both the Takealot .com and Mr D businesses are now making trading profits individually.The principle behind the J-curve is that as a company recovers from its fixed-cost expenditures, it can start to grow rapidly.
He also said that according to data reported by Stats SA, Takealot is increasing its market share in most, if not all, of its key categories. Naspers also reported 16% GMV growth for Mr D, despite South Africans buying fewer takeaways in a more challenging financial climate. Zietsman explained that the Takealot Group is considering repositioning the offering, which will directly impact how long it takes for the Takealot Group to become profitable.
“The rise of e-commerce platforms such as Shein and Temu in South Africa underscores a growing concern that threatens the nation’s reindustrialisation and localisation efforts,” Naspers stated. The South African Revenue Service has said such small parcels would be taxed at the appropriate rate from 1 July. For clothing, this means a 45% duty and 15% VAT.
Frederik Zietsman Headline Mr D Naspers Superbalist Takealot Takealot Group Takealot.Com Business
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Unimpressed Woman Slams Superbalist Fashion, Says Plus-Size Shoppers Deserve BetterA woman posted a TikTok video complaining about the fashion available for plus-size women on Superbalist. She felt the clothes were unflattering.
Read more »
Takealot taps hi-tech to fight delivery truck robberiesSA’s biggest e-tailer establishes a high-tech security control centre in Johannesburg to monitor its fleet of delivery trucks.
Read more »
South African Woman Impresses With Stunning Takealot Headboard Purchase in a VideoA South African woman showed off her stunning headboard from Takealot in a video. The footage went viral online, leaving many people in awe of her purchase.
Read more »
Takealot to add to TakealotMore subscription planTakealot Group plans to add more services to its TakealotMore subscription plan, which it launched last month.
Read more »
New trade minister must have strong tech focus: TakealotTakealot Group CEO Fred Zietsman said he hopes the next trade minister will bring a strong tech focus to the portfolio.
Read more »
Takealot’s big solar plansOnce the projects are complete, Takealot’s facilities will have a combined 1,800kWp of rooftop solar capacity.
Read more »