Mamongae Mahlare has been named the new CEO of the Takealot Group, succeeding Kim Reid, who stepped down in February to become the group's chairman. Mahlare will take over as CEO in October. She joins the Takealot Group after serving as the Managing Director of Illovo Sugar (South Africa) Pty Ltd. and Illovo Distributors (Pty) Ltd., respectively.
Earlier this week, Takealot and Fortress Logistics announced a new agreement in which the online retailer would take up 20,000 square meters of bulk warehousing space at Eastport Logistics Park in Kempton Park, Gauteng. The logistics park, a part of the REIT's development portfolio, reached an agreement with the online retailer, with operations starting in July 2021.
Takealot has seen huge improvement in the half year time period completed 30 September 2020, as demonstrated by Naspers' unified break spending outlines. Takealot Group delivered R6.26 billion in Gross Merchandise Value (GMV), which hailed 85% advancement year-on-year. The Takealot online business stage built up its GMV by 88%, while first-social occasion and outcast associations created by 69% and 119% independently. The Group also uncovered a 41% extension in pay to R3.66 billion for a comparable period,