This is going to be one very exciting online shopping spree destination.
Kalahari.com and Takealot.com have just announced that they are merging.
Why?
“Online retails in South Africa simply can’t successfully compete against the local brick and mortar retailers and foreign companies such as Amazon and Alibaba.”
Both companies have been seeing increasing losses over the years, and have taken into account that in order to survive, they need to work together. Because of slow and expensive internet in SA, shoppers still have not latched on to online shopping like the rest of the world.
The merger will mean a larger selection of goods on offer, plus a broader delivery service.
“Takealot CEO Kim Reid will manage the merged entity under the Takealot brand, together with his co-CEO and CTO Willem van Biljon.”
The merger still has to be approved by the Competition Commission, and only then will it be effective.
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