Another massive loss for Takealot

[BusinessTech]

Another massive loss for Takealot

Takealot has recorded another year of trading losses—though has managed to at least narrow the gap, and deliver Mr D to profitability.

 

[My_King]

Investors kissing the big D?

 

[UB40]

Fire all 3rd party resellers please @TAKEALOT

 

[NarrowBandFtw]

they've been spending a lot the past few years it seems, big warehouses and new collection points popped up in quite a few places

assuming those additional ongoing expenses might be part of the reason for the loss

 

[UB40]

All went pair shape since Kim stepped down and left the company

 

[NarrowBandFtw]

All went pair shape since Kim stepped down and left the company

the supreme commander of capitalism!

 

[dualmeister]

If not for Naspers they would be toast?

 

[Quicks]

I really can't see how they can make such losses every year and keep trading. They must be doing this on purpose to avoid paying taxes and saying they made "losses" but actually just spending the money somewhere else.

 

[xcaliber]

The collection points are such a waste of money