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South Africa’s Kalahari-takealot Merger Approved

The merger between Naspers’ Kalahari.com and takealot.com has been approved by South Africa’s country’s Competition Commission after the two announced October last year that they will merge their operations to maximize their efforts to grow ecommerce in the country and expand across the continent.

“It’s an approval subject to conditions to address employment concerns,” said Hardin Ratshisusu, the acting deputy commissioner for the competition commission.

According to him the concerns involve potential job losses, which should not exceed 200 with regard to the Kalahari-takealot merger.

E-tailer takealot.com was officially launched in June 2011 after the acquisition of an existing e-commerce business called ‘Take2’ by the US-based investment firm Tiger Global Management and Kim Reid in October 2010.

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Last year, takealot.com also raised over $100m (over R1bn) in funding from Investment firm Tiger Global Management

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Caroline Vutagwa
Caroline Vutagwahttps://my.techmoran.com
Minding my own business is not enough for me that's why you will always find me minding Africa's Businesses as well as Technology and of course letting you know about it. Talk to me on [email protected]

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