Home / Knowledge / News / Apparel/Garments / Top South African e-commerce retailers join hands
Top South African e-commerce retailers join hands
Oct '14
Kalahari.com, an online retail company owned by media and e-commerce group Naspers, is set to merge with Takealot.com, one of the top e-commerce retailers in South Africa, Business Day reported.

According to the deal, Naspers will take a 41 percent equity position in Takealot.com, from its current majority shareholder, Tiger Global Management, a US-based international technology investment company.

The proposed merger is subject to Competition Commission approval and will only become effective once the commission has ruled, the companies said in a joint statement.

The merger is expected to bring customers the benefit of a wider selection of products and categories, as well as broader delivery services. The merger is about building an early and clear lead in a market that is set to boom in the coming years, the companies said.

Takealot.com’s CEO, Kim Reid, said the merger was driven by the fact that, without scale, South African retailers cannot compete successfully against the local brick and mortar retailers and foreign companies such as Amazon and Alibaba.

According to Reid, online retail accounts for only 1.3 percent of the total market for consumer goods in South Africa and the channel has great upside potential, as US and the UK online retail accounts for as much as 14 percent of total retail of consumer goods.

Oliver Rippel, senior executive of Kalahari.com, said that after many years of losses on Kalahari.com, the decision to work together was taken. (GK)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 28th Mar 2017

India may impose duty on elastomeric filament yarn

The Government of India is likely to impose anti-dumping duty on...

Courtesy: Lee Cooper

Apparel/Garments | On 28th Mar 2017

CCI clears FLFL proposal to divest Lee Cooper

The Competition Commission (CCI) of India has approved the proposal...

Textiles | On 28th Mar 2017

Bardoli CEFC to benefit south Gujarat MSMEs

India’s first common engineering facility centre (CEFC) at Bardoli,...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search