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# Takealot bets local scale can hold Amazon at bay

**[TechCentral](https://daily.dev/sources/techcentral)** · 5 min read · 0 upvotes · 0 comments

## Summary

Takealot Group CEO Frederik Zietsman positioned the company's first full-year profit in 15 years as proof that its local ecosystem can withstand competition from Amazon, Shein, and Temu in South Africa. Group revenue rose 18% to R17.7-billion, crossing the US$1-billion mark, while adjusted operating profit swung from a R213.8-million loss to R171-million. Key growth drivers include the TakealotMore multi-retailer subscription programme (membership up 74%, member GMV up 193.5%), the Mr D delivery app, and Takealot Fulfilment Solutions (revenue up 93.5%). Despite the turnaround, parent company Naspers declined to reverse a R5.9-billion impairment, citing forecast uncertainty. Zietsman argued that local market knowledge, data advantages, and a broad ecosystem spanning 6.2 million active customers give Takealot a durable edge over global rivals.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://techcentral.co.za/takealot-bets-local-scale-can-hold-amazon-at-bay/283202>

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