Online retailer Takealot ramped up its sales during the Covid-19 pandemic as digital shopping increased because of lockdown, but the company is struggling to stay ahead of the game as new players enter the local market.
This week, parent company Naspers published its results for the year ending March 2024, which showed that the Takealot Group, which owns Takealot.com, Mr Delivery and Superbalist, recorded a trading loss of 13%.
Takealot group chief executive Frederik Zietsman said the company was operating in a tough and competitive retail…
