South Africa’s Takealot Group has reported its first full-year adjusted operating profit in 15 years, as revenue rose to $1 billion and the country’s largest homegrown e-commerce company defended its market lead against growing competition from Amazon and local rivals

E-commerce leader fends off competition with strong financial results

South Africa’s Takealot Group has reported its first full-year adjusted operating profit in 15 years, as revenue rose to $1 billion and the country’s largest homegrown e-commerce…