Here is how much money Takealot makes

[Newsfeed]

Here is how much money Takealot makes

Takealot CEO Kim Reid recently revealed that Takealot makes around four times more than Jumia, which equates to nearly R9 billion per year.

Jumia is a Nigeria-based e-commerce platform which sells a large range of products like fashion and electronics across 14 African countries.

 

[Marius Flash]

Nicely done! People are definitely TAKING ALOT....

 

[The_Right_Honourable_Brit]

I prefer Loot. Perhaps because it is far closer to me than the Takealot pick up point. Also faster delivery.

 

[SauRoNZA]

Is that revenue or profit? Two very different things.

****

Revenue. That is not at all what they “make”. That is simply what they take in, nothing to do with what they put out.

 

[SlinkyMike]

Is that revenue or profit? Two very different things.

****

Revenue. That is not at all what they “make”. That is simply what they take in, nothing to do with what they put out.

They are pre-profit. Forecasted to turn the corner on 2020.

 

[Willie Trombone]

All revenue and no profit makes jack a dull boy... Unless the reason for no profit is because Jack pays himself a rather handsome salary. Then it's win-win... Nothing for the taxman from the company other than tax on salaries. If you're making profit, you're not doing it right. *Cough*

 

[Joseph matane]

But why courier companies don't use navigator, i mean according to me this could be more effective

 

[epah]

But why courier companies don't use navigator, i mean according to me this could be more effective

Wait so what do they currently use,Maps? I always thought they used navigation

 

[genetic]

It means fokol. Net profit is what actually matters. Another shitty clickbaity myBB article. Eish.

Eh? Article is accurate. They never mentioned it was net profit.

 

[SauRoNZA]

They are pre-profit. Forecasted to turn the corner on 2020.

I know. So it’s not indication of what they “make” at all.

 

[genetic]

I know. So it’s not indication of what they “make” at all.

Some education;

revenue
/ˈrɛvənjuː/
noun

1. income, especially when of an organization and of a substantial nature.

They discuss their profit here;

Takealot will be profitable in 2 years – CEO

Takealot CEO Kim Reid says Takealot is hitting its targets and is on track to become profitable in 2 years’ time.

mybroadband.co.za

 

[Dan C]

Takealot delivery sucks big time.

 

[Swa]

There's revenue, profit and net profit. Even if TA were to show a net profit there's still all those billions that were pumped into it.

 

[Hamster]

What are the net-profit figures for the entire Takealot group? Takealot+Superbalist+Mr Delivery etc?

 

[biometrics]

I prefer Loot. Perhaps because it is far closer to me than the Takealot pick up point. Also faster delivery.

You don’t mind supporting Iqbal Surve?

 

[Swa]

You don’t mind supporting Iqbal Surve?

I don't mind supporting whoever can give me the best service.

 

[bwana]

Amazon's revenue in 2018 was US $232.887 billion... perhaps they should just buy Takealot as a fixer upper.

 

[Hamster]

I don't mind supporting whoever can give me the best service.

Right? I work for a competitor but if Takealot is cheaper I buy there. Any e-commerce company banking on "loyalty" is in for a surprise.

 

[Hamster]

Amazon's revenue in 2018 was US $232.887 billion... perhaps they should just buy Takealot as a fixer upper.

Why? Come here, open shop, Takealot takes a hit, buy it on special if it's still worth it.

 

[The_Right_Honourable_Brit]

You don’t mind supporting Iqbal Surve?

I only recently found out he owned Loot, but I'm not giving him that much and as I said, for some or other reason, they are much faster than Takealot despite Takelot also having its main warehouse in Cape Town and having far more experience than Loot in the ecommerce space.