Takealot pans commission over competition findings
and several provisions relating to advertising, contracting and pricing for the group’s Mr D Food business.
“While we are supportive of the Competition Commission’s work around the market inquiry to protect small and medium businesses and consumers, we are disappointed with some of the findings in the final report that are incorrectly premised on the notion that Takealot and Mr D are ‘leading platforms’, when they compete in dynamic markets with much larger competitors in which consumers have considerable choice,” said a spokeswoman for the online retailer in response to a query from TechCentral.
“An important point of departure is considering market definitions in this space. I am a retailer, I am competing against established and emerging businesses in the same way … and we are so nascent,”The commission’s view, however, places Takealot.com in the same league as the multinational online retail giant Amazon.com, effectively saying in the inquiry report that the “same rules” apply to any “large e-commerce player”. The company has questioned the fairness of this classification.“Takealot.
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.
BUSINESS REFLECTION: After the Bell: Takealot here, Takealot there – Competition Commission does make some weird findingsTakealot is being required to give away a whole bunch of stuff – this is typical of the competition authorities which treat established businesses like an ATM.
Read more »
COMPANIES: Competition Commission missed the point; there are much larger competitors, says TakealotThe commission failed to consider competition from bigger brick-and-mortar players, as well as outfits like Shein, Wish and AliExpress, which operate outside local consumer protection laws.
Read more »
Warning that commission could stifle online growth in South Africa - TechCentralThe Competition Commission’s report on online markets in South Africa is “highly interventionist” and could stifle growth.
Read more »
Vuma Key is Vumatel's 'most exciting' venture - TechCentralVuma Key is “probably the most exciting thing” Vumatel is doing, a top executive at parent company Maziv has said.
Read more »
Bitcoin's next move may hinge on US economy - TechCentralBitcoin's rebound this year could have room to run if the US economy manages to achieve a soft landing.
Read more »
IDC names Xerox a leader in security solutions - TechCentralPromoted | Xerox has been named a leader in the IDC MarketScape Worldwide Security Solutions and Services Hardcopy 2022-2023 Vendor Assessment.
Read more »