Kalahari, Takealot merger approved
The Competition Commission of South Africa has approved the merger deal between online retailers Kalahari and Takealot.
The merger of the two companies’ operations was first announced in October 2014, with the retailers attributing the move to an inability to compete with brick and mortar companies and international players such as Amazon and Alibaba.
According to a statement from Kalahari, all staff will report to Takealot CEO Kim Reid as of 1 February 2015. Until then, the sites will continue to operate as normal.
As with most company mergers, job cuts are on the cards: although the Competition Commission has stipulated that job losses may not “exceed 200” as per the conditions of the merger.
How long the Kalahari site will continue to run for after the merger is yet to be finalised, with reports that it may be slowly shut down over the course of 3 months.
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