Naspers said Takealot Group is feeling pressure from new competitors in the local market, including Amazon and Temu.

The largest purchase by an Absa client on Black Friday was R638 000, which occurred during peak sales volumes at around 11am.

Takealot is facing increased competition from global players, but it continues to gain market share in general merchandise.

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It seems that some consumers were not shy to spend, with one spending a cool R424 000 in one single transaction.

South Africa’s retail sector has been grappling with weak economic conditions, characterised by stagnant inflation-adjusted ...

A wide range of online retailers offer Cyber Monday sales in South Africa, including Takealot, Teljoy, Digicape, Samsung, ...