Commission to release final report into online markets on Monday
will on Monday release its hotly anticipated final report flowing from its online intermediation platforms inquiry.
Takealot runs both an online marketplace for third-party sellers and its own retail division that competes with it. TheTakealot Group CEO Mamongae Mahlareearlier this month that the commission should be careful to support rather than obstruct the development of e-commerce in South Africa. “The prevalence of paid search at the top of the search results page without adequate identifiers as advertising raises platform customer acquisition costs and favours large, often global platforms. Preferential placement of their own specialist search units also distorts competition in Google’s favour.
The Free Market Foundation said last year that the commission wanted to punish leading enterprises in the digital space for being successful and made a submission opposing the provisional recommendations of the commission’s online intermediation platforms market inquiry.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
African telecoms growth empowers cloud, CDN and SaaS providers - TechCentralPromoted | A recently updated report has revealed the tremendous opportunities in Africa’s ever-expanding connectivity landscape.
Read more »
Meta is staging a huge comeback - TechCentralMeta reported a strong rise in advertising revenue, topping Wall Street targets and sending its shares soaring.
Read more »
Managed IT services best for SME cybersecurity - TechCentralPromoted | Partner with AvertITD and find out how Avast can help to secure you and your customers against security threats.
Read more »
Samsung to extend chip production cuts - TechCentralSamsung Electronics warned demand recovery is largely constrained to high-end chips used in AI.
Read more »
Average SA data breach now costs nearly R50-million - TechCentralA new report from IBM shows that the average data breach cost for South African organisations has climbed to a record high.
Read more »
TCS | Joel Bronkowski on Paystack's big expansion plans - TechCentralJoel Bronkowski, country lead for Paystack, joins the TechCentral Show to talk about the company's growth plans.
Read more »