S.Africa’s Amazon: Takealot is in trouble – My Comments
(005320.38-:E-003569.93:N-HO:R-SU:C-30:V)
Video & Audio: BLUTCAST EPISODE TEN: Jews create White Inefficiency
These guys are very smart NAZIs with their own flag and uniforms and they are very disciplined. We had a really good chat about many topics. Eventually we had a detailed chat about how Jews mess up Western civilisation with their garbage and malicious ideas.
[This company has been awesome as our main online purchasing company. It's actually Afrikaans owned. It's actually an amazing feat but it's losing money endlessly. I have wondered many times if NASPERS is owned by members of the former Broederbond. I'm not sure. There are good charts at the source link below. It seems to me Takealot is dying because the South African economy is struggling. Jan]
Over the year, the Takealot group incurred a loss of US$22 million (R407 million), significantly higher than the US$7 million (R129 million) a year earlier.
Takealot’s latest financial data was released as part of Naspers’ results for the year ended 31 March 2023.
Naspers said Takealot grew gross merchandise value (GMV) by 13% and revenue by 12% in its local currency, the rand.
Takealot has three main operating units – Takealot.com, Superbalist, and Mr D. Here is how each of these units performed.
Takealot.com, South Africa’s largest eCommerce platform, grew GMV by 14% year-on-year in local currency.
Superbalist, a leading South African online fashion destination, grew revenue by 11% in local currency.
Mr D, the Takealot group’s on-demand business, grew GMV by 8% and revenue by 17%.
However, despite the growth in GMV and revenue, Takealot’s loss widened to US$22 million (R407 million), representing a trading margin of -3%.
Naspers said it reflected slowing consumer demand in a rising inflationary and interest rate environment in South Africa.
It added that rising operational costs impacted profitability due to persistent national rolling power blackouts, escalating fuel costs, and global supply-chain constraints.
Delving deeper into Takealot’s finances reveals an e-commerce company struggling to contain costs and turn a profit.
Former Takealot CEO Kim Reid said the company was set to become profitable in 2021 and was on track to achieve this goal.
Between 2019 and 2021, Takealot significantly reduced its losses, giving the market confidence that it would reach profitability in the 2022 financial year.
However, Takealot is now going in the opposite direction and is widening its losses instead of shrinking them.
Particularly concerning is that Takealot’s growth has slowed significantly over the last two years — both in US Dollars and rands.
All three units — Takealot.com, Suparbalist, and Mr D — have experienced a big decline in GMV growth.
The slower growth raises concerns that Takealot has reached the end of its strong growth phase but continues to struggle to contain costs.
For Takealot to turn profitable, it must increase margins, reduce costs, and become more efficient. All of these are pointing in the wrong direction.
The charts below provide an overview of Takealot’s financial performance over the last three years.
Source: https://mybroadband.co.za/news/business/498347-takealot-is-in-trouble.html
Video: How the Church betrayed the Boers and is directly responsible for the White Genocide
This is an absolutely brilliant video that was made in 2017. The Boers were TOTAL believers in the Bible and in Christianity. It had kept them going through the hardships of life in Africa.
