Tag: eCommerce

It has been a standout year for the Group. Prosus simplified its Group structure, delivered improvements across all core performance metrics and achieved Ecommerce profitability six months ahead of target. Operating businesses have performed well, accelerating profitable growth, while the open-ended buyback programme continues to deliver value for our shareholders every day. The rapid deployment of AI-led technologies across the Prosus ecosystem is generating real results and will set the next frontier of value creation for the Group. Prosus has a strong balance sheet and is well positioned to generate improved returns through smart and disciplined capital allocation, driving value for all stakeholders.

It has been a standout year for the Group. Naspers simplified its Group structure, delivered improvements across all core performance metrics and achieved Ecommerce profitability six months ahead of target. Operating businesses have performed well, accelerating profitable growth, while the open-ended buyback programme continues to deliver value for our shareholders every day. The rapid deployment of AI-led technologies across the Naspers ecosystem is generating real results and will set the next frontier of value creation for the Group. Naspers has a strong balance sheet and is well positioned to generate improved returns through smart and disciplined capital allocation, driving value for all stakeholders. 

In recent years, retail and eCommerce businesses have adapted to the increasing influence of digitalisation. Customers now demand user-friendly digital interactions, with little tolerance for inconveniences. Surprisingly, 86% of customers are willing to abandon a brand after just two negative experiences.

In the second half of the year, the Group made significant progress delivering on its strategic priorities, positioning it well for long-term value creation. The ongoing open ended repurchase programme is creating significant value for shareholders and actions taken in H2 to streamline operations have improved profitability. The Group has increased confidence in achieving its H1 2025 profit ambition, while continuing to deliver high growth.

South African fin-tech start-up, Payflex, is on the warpath with South Africa’s debt crisis. We intend to save online consumers from themselves by encouraging them to spend responsibly while offering online shoppers an interest-free payment solution. Our arrival to market is well-timed.

Nerina van Niekerk is 24 and lives in Stellenbosch, some 52 kilometres from Cape Town, capital of one of Africa’s most wired provinces. In the Western Cape, 75% of people who are 16 and upwards have access to the internet. This compared to Gauteng, at 55%.

Free delivery has been the most powerful drawcard for retailers to attract customers to their online stores and undoubtedly, the most successful online marketing tool ever devised for ecommerce. However, this is changing, retailers are starting to offer faster deliveries to attract customers to their online store and this poses a different set of cost challenges.

It's no secret that online shopping is taking off in South Africa. In fact, studies show that the local eCommerce market is expected to reach almost twenty-five million online shoppers by 2021 – a considerable number given our Internet penetration is at around fifty percent, give or take ten percent depending on which study you read.