Takealot CEO says Amazon’s arrival shows market’s potential CEO says company is focused on local advantage, profitability
South Africa’s leading online retailer Takealot says Amazon.com Inc.’s plans to launch its e-commerce business in the country show the market is poised for growth, even as it faces power cuts, antitrust issues, and inflationary pressures.
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“When you get a big player like that into the economy, it demonstrates the potential that sits within this market,” said Chief Executive Officer Mamongae Mahlare in an interview with Bloomberg TV in Johannesburg.
Source:
Bloomberg
