E-commerce will soon reach an important milestone in South Africa: by January, according to World Wide Worx research, online shopping will top 10% of total retail sales for the first time. The move to 15% and then to 20% will come much quicker.
That’s the view of Frederik Zietsman, CEO of Naspers-owned Takealot Group – South Africa’s largest online retailer – who was speaking to TechCentral editor Duncan McLeod on the TechCentral Show.
In the interview, Zietsman unpacks what’s driving the rapid adoption of online shopping in South Africa – Covid-19 was a key trigger – and what the future holds as international e-commerce giants step up their investments in the country.
He also discusses:
• How the competitive dynamics of the market have changed in recent years;
• The impact of the entry of international giants such as Amazon and Walmart and how this will reshape the market in the coming years;
• The decision to expand subsidiary Mr D’s focus from fast food to include new product categories;
• The township opportunity and how Takealot is working to crack that market;
• Takealot’s plans to move to electric vehicles in its logistics fleet, including a look at what’s needed to introduce electric motorbikes at scale;
• The challenge of crime in the logistics chain and what’s being done to fight it;
• Why Takealot is getting into the home loans business; and
• What’s going to drive the company’s growth in the next few years.
Don’t miss a fascinating conversation!