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Business Management analysis

Takealot could double in size.

Takealot could double in size — analyst - Takealot’s current growth rate could see the ecommerce store double in size if it can maintain its trajectory, the Sunday Times reported. Mergence head of equities Peter Takaendesa told the paper that this is despite increased competition in the digital shopping space. “We expect the Takealot Group’s companies to continue to gain market share as they leverage international expertise shared through Prosus and a strong balance sheet to drive scale,” he said. “If the business continues to grow at current rates it could double in size over the next 18-24 months.”

This is great news as the company has been existence for a long time and their strategy and mission had positioned with to be competitive with other companies and to increase their market share. As Covid-19 forced a lot of people to purchase items on line , so this has put Takealot at the right position in terms of visibility and strong clientele base.

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Covid-19 Peter Takaendesa Sunday Times Takealot Takealot Group


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