TAKEALOT TAKES A NEW CEO

On today’s news on Tech, Takealot has announced a change in leadership, with Frederik Zietsman succeeding Mamongae Mahlare as Group CEO on February 1, 2024. Mahlare will assume the role of executive chair.

Zietsman has been with Takealot since 2015, starting as a profitability analyst and later as the head of a marketplace. In March 2021, he became the CEO of Takealot.com.

Takealot recognizes the changing market and emphasizes the streamlining of responsibilities between Takealot.com and the Group CEO to better allocate resources and focus on their primary online marketplace and retail platform.

It was reported that the company hopes that more efficient leadership will better align with and achieve its main growth objectives.

The leadership change occurs at a time when Amazon’s imminent entry will heighten competition.

As of October 2023, Amazon revealed plans to open a marketplace in South Africa. The company’s planned launch in South Africa is expected to challenge Naspers-owned Takealot’s long-held dominance in the local eCommerce market and On January 10, 2024, Naspers planned to boost its investment in its online retail platform, Takealot.

Source: Techpoint.