The mastermind behind Takealot.com

[Daniel Puchert]

The man behind South Africa's biggest online shopping success

Seasoned financeman and business executive Kim Reid is the mastermind behind Takealot.com, South Africa's biggest online store.

Takealot.com was born out of the acquisition of online retailer Take2, which was launched by seven investors in Cape Town in 2002.

 

[Sapphiron]

"biggest success" is a company that only made profit 1 year out of the last 20 years?

 

[Neuk_]

"biggest success" is a company that only made profit 1 year out of the last 20 years?

Par for the course these days, similar to Uber, airbnb, etc.

 

[Swa]

"biggest success" is a company that only made profit 1 year out of the last 20 years?

And is still to show an ROI. I believe it's also only the marketplace generating profit.

 

[PaulGherkin]

 

[Sapphiron]

And is still to show an ROI. I believe it's also only the marketplace generating profit.

It's the standard enshitification strategy of burning money to kill competitors so you can be even more expensive than they ever were.

 

[PaulGherkin]

It's the standard enshitification strategy of burning money to kill competitors so you can be even more expensive than they ever were.

Standard NASPERS/MultiChoice/Media24 fare...

 

[grok]

"biggest success" is a company that only made profit 1 year out of the last 20 years?

Hell make his profit when he sells his brand..

 

[Bliksis]

"biggest success" is a company that only made profit 1 year out of the last 20 years?

They must be on the brink of shutting down?

 

[d0b33]

We used to be able to boss take2 around before they became takealot.

 

[grca]

"biggest success" is a company that only made profit 1 year out of the last 20 years?

Actually I like the fact that it hasn't made much profit. Employing 5000 people while servicing the shopping needs of countless more is a bigger success than creating profits for a small number of shareholders who are probably already very well off.

 

[saor]

https://mybroadband.co.za/forum/threads/takealot-account-hacked-purchase-made.1298648/

 

[MaxQz]

Aaah yes, Take2 used to be the bomb. How times have changed since then....what a pity.

 

[Swa]

Hell make his profit when he sells his brand..

That's probably the biggest accomplishment of these people. Know when their shite is going to hit the fan and get out just before that.

Actually I like the fact that it hasn't made much profit. Employing 5000 people while servicing the shopping needs of countless more is a bigger success than creating profits for a small number of shareholders who are probably already very well off.

I've bought at better prices with better service from retailers that made a profit.

 

[grca]

I've bought at better prices with better service from retailers that made a profit.

Me too. Consuming is easy.

 

[Mirai]

We used to be able to boss take2 around before they became takealot.

View attachment 1749302

Aaah yes, Take2 used to be the bomb. How times have changed since then....what a pity.

TSM -> Take2 -> joined forces with Kalahari -> TAL

 

[Mirai]

Taxing Temu/Shein will help him retain his rizz and mojo.

 

[Swa]

I remember when you could do Amazon imports through Take2 and for a while Takealot before Amazon allowed direct imports.

 

[Mirai]

I remember when you could do Amazon imports through Take2 and for a while Takealot before Amazon allowed direct imports.

You could import a larger variety than with Amazon Global. Previously Amazon only did DVDs, CDs and books for import to SA.

 

[Randomwasavailable]

I remember when you could do Amazon imports through Take2 and for a while Takealot before Amazon allowed direct imports.

2012 was awesome.