Temu, which stands for “team up, price down”, has crashed the South African market with a bang, launching in January this year and giving local retailers such as Takealot and its subsidiary, Superbalist, a run for their money.
The Takealot Group, in partnership with the Gauteng Provincial Government, today launched the Takealot Township Economy Initiative in Gauteng. Gauteng Premier Panyaza Lesufi and Mamongae Mahlare, executive chairperson of the Takealot Group, signed a memorandum of understanding in Mamelodi West.
Leading e-commerce group Takealot, which incorporates the Takealot.com, Mr D and Superbalist platforms, has admitted that it is under immense pressure from the global players, which is why programmes such as its Township Economy Initiative, a R150-million partnership between Takealot and the Ga.
The Takealot Group, in partnership with the Gauteng Provincial Government, today launched the Takealot Township Economy Initiative in Gauteng. Gauteng Premier Panyaza Lesufi and Mamongae Mahlare, executive chairperson of the Takealot Group, signed a memorandum of understanding in Mamelodi West.