Kalahari closing down soon
Kalahari looks set to close its doors and fully merge with Takelot at the end of April 2015, according to a Kalahari staff member and another source close to the company.
An official statement on the merger between the two online retailers is expected to be sent out on 17 April.
Kalahari’s video game section no longer lists pre-order titles coming out after 17 April – when asked about this, the Kalahari employee said it was due to the fact the group was closing at the end of the month.
The Competition Commission of South Africa approved the merger between Kalahari and Takealot in January, after the deal was announced in October 2014.
The retailers attributed the move to an inability to compete with brick and mortar companies and international players such as Amazon and Alibaba.
A statement from Kalahari at the time of the CompCom approval noted that all staff would report to Takealot CEO Kim Reid as of 1 February 2015.
The employee MyBroadband spoke to said permanent and temporary staff at Kalahari had been offered positions at Takealot, with permanent staff given priority.
As with most company mergers, job cuts are on the cards, however.
Notably, the Competition Commission has stipulated that job losses may not “exceed 200″ as per the conditions of the merger.
Takealot was asked for comment, but did not respond by the time of publication.
More on Kalahari, Takealot
Takealot downtime frustrates users
You are our number one priority: Takealot
Loading ...