Kaya 959 Reporter
The Takealot group remained near breakeven in the last financial year.
Takealot increased its gross merchandise value by 34% and its revenue by 27%, according to Naspers’ annual statistics for the fiscal year that ended on March 31, 2022.
These numbers, according to Naspers, show growth in local currency without accounting for mergers and acquisitions.
Kaya Biz with Gugulethu Mfuphi spoke Jan Vermeulen – Editor of MyBrodaband, who broke down the numbers and gave a perspective on the sector.
LISTEN TO THE FULL CONVERSATION HERE:
“When you start looking at numbers like these, you realise it is such an immense amount. The company’s revenue grew from R9,6 billion last year to R13 billion this year. When you start looking at these kinds of numbers you realise that it is difficult to contextualise.”
“A few important things here, despite the fact that it grew its revenue by such a substantial amount, which is around 27%, it is still making a loss,” says Vermeulen.
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Takealot’s earnings increased from $606 million (R9.6 billion) to $827 million this year (R13 billion).
According to Naspers, Takealot has over 6,000 employees and 13,428 drivers working for the company.
Despite the recovery in offline retail sales, the Takealot Group, which consists of Takealot.com, Mr. D. Food, and Superbalist, performed well.
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