TFG's Bash rivalling Temu and Shein in South Africa
The Foschini Group's (TFG's) online lifestyle and apparel store, Bash, established by two of the founders of the once-formidable Superbalist, has continued to record impressive growth in sales and profits.
In TFG's latest interim results, the...
Takealot sells Superbalist
Superbalist has been acquired by a South African consortium of retail and private equity investors led by Blank Canvas Capital.
MyBroadband learned of the sale from an anonymous source, and Takealot confirmed that it no longer owns Superbalist as of 1 September 2024.
Takealot-owned Superbalist to cut staff
Superbalist has started the process to retrench workers after parent company Takealot posted a $ 22 million (R420-million) loss for its last financial year.
“Superbalist has embarked on a Section 189 process that will lead to the restructure of its...
Superbalist beats Bash on delivery thanks to Takealot ties
MyBroadband tested ordering from Bash and Superbalist to compare the experience and delivery times, and Superbalist beat Bash hands down.
Superbalist is an online store owned by Takealot that specialises in clothing and carries many...
Takealot makes R224 million loss
Naspers has published interim results for the first half of its 2023 financial year (H1 FY2023), revealing a significant loss for its Takealot group of ecommerce businesses.
The group consists of general online store Takealot.com, delivery service Mr D, and...
Takealot makes R111 million loss despite massive revenue increase
Takealot grew its gross merchandise value by 34% and revenue by 27%, Naspers reported in its annual results for the period 1 April 2021 – 31 March 2022.
Naspers noted that these percentages represent growth in local currency...
Takealot shrinks trading loss to R31 million
The Takealot Group grew revenues by 36% while decreasing trading losses to “near breakeven” of $2 million (R31 million), Naspers reported in its interim results for the six months to 30 September 2021.
Takealot made R14.66 billion in sales over the last year
The Takealot Group, which includes Takealot.com, Superbalist, and Mr D Food, increased revenues by 65% to US$606 million (R8.7 billion) over the last year.
This was revealed in Naspers’ results for the year ended 31 March 2021, which was...
Superbalist launches Click and Collect service
Superbalist has launched its new Click and Collect service for online shoppers, allowing customers to pick up their deliveries from designated points.
Customers can use the service by choosing the “Collection” option when they check out using the...