Raru being liquidated - report

[Jan]

Raru faces liquidation

Online retailer Raru will soon be liquidated, News24 reports.

Raru cofounder Waine Smith reportedly said the company’s many creditors had forced the liquidation.

 

[Raphael123]

8 years was a good run now wonder whats happening at Loot.

 

[Lupus]

8 years was a good run now wonder whats happening at Loot.

Why? I got what I ordered from them

 

[JimboBob]

"Raru director Waine Smith assured on Monday morning that it was a hosting problem."

 

[felixbf2]

Feel sorry for the grunt workers, top guys will be okay for the holday season.

 

[naeem]

8 years was a good run now wonder whats happening at Loot.

Loot going more marketplace allowing others to sell through their platform (just like takealot) but havent quite gotten critical mass yet.

 

[marine1]

And his is why I only buy from a physical store or a big player like Takealot

 

[jetlee]

They used to be good, but trying to run a return through these guys, moved me to rather pay the extra few percent and go through Takealot ..I used to buy a LOT from Raru, I havent bought something from them for over 2 years..

 

[Drifter]

I have never ever had an issue with Raru, except once Covid kicked off there was a bit of a delay with International imports.

 

[Stickfigure]

Pity. Ordered many times from them over the years and never had an issue. Mind you last time I did order from them was around 2018.

 

[noxibox]

8 years was a good run now wonder whats happening at Loot.

They seem fine. I don't buy a huge amount from them, but they sometimes have things other places don't or they're the cheapest option. They've always delivered on time.

I have never ever had an issue with Raru, except once Covid kicked off there was a bit of a delay with International imports.

Me neither, although the last time I ordered was December 2021. They actually got the product faster than promised.

 

[cozinsky]

8 years was a good run now wonder whats happening at Loot.

Nothing is happening at Loot. They are delivering their orders. So what is your point.

 

[RunningFromFat]

@jollyjammer42

 

[DapperDanMan]

"Raru director Waine Smith assured on Monday morning that it was a hosting problem."

Well that escalated quickly!

 

[jollyjammer42]

@jollyjammer42

Thank you for tagging me.

Finally, some more about Raru on MyBB, but it's just a regurgitation from the News24 piece. They both spelled Waine Smith's name wrong (I see it's been corrected on this piece) and no one seems to question if Rassie Erasmus is a pseudonym.

I'm glad some people have managed to get their money out, but shudder to think how many orders will just never be refunded because of terrible management.

 

[bixt]

Everyone wants to shame Raru, but let me tell you this entire mess was caused by anticompetitive practices by Takealot.

They have been dumping products onto the market at cost or below for a long time now. They run at a financial loss and have investors big pockets to sustain that, until their competitors were driven out. And we havent helped at all, with the rampant voucher abuse we are all guilty of.

Its no wonder the competition commission is investigating them.

 

[chickenbeef]

Everyone wants to shame Raru, but let me tell you this entire mess was caused by anticompetitive practices by Takealot.

Shame, I guess that makes it fine for them to not fulfil orders or refund customers timorously?

 

[Nerfherder]

And his is why I only buy from a physical store or a big player like Takealot

Takalot are in more debt than Raru made over the last 8 years....

Buying from Takealot doesn't do anyone any favors.

 

[Nerfherder]

Shame, I guess that makes it fine for them to not fulfil orders or refund customers timorously?

I think you will find that most companies will do this kind of thing - thats how you break into the market.
I don't think I have ever seen a company ethically collapse, so impossible to make any comparison.

 

[bixt]

Shame, I guess that makes it fine for them to not fulfil orders or refund customers timorously?

Lets take the example of my friend. Hes employer didnt pay his salary on time, therefore he defaulted on his bond debit order.

Everything has a ripple effect. It was never his intention to default, and he has a good heart. It was by force. Doesnt make him a bad person.

But you would rather have him hanged.