These data sets show how far South Africa is when compared with other sub-Saharan African countries in online commerce; Jumia operates in 11 countries while Takealot is mainly in South Africa.
In H1 202, Takealot Group generated €346 million in Gross Merchandise Value (GMV), which signaled 85% growth year-on-year.
Takealot Group generated R6.26 billion in Gross Merchandise Value (GMV), which signaled 85% growth year-on-year. The Takealot ecommerce platform grew its GMV by 88%, while first-party and third-party businesses grew by 69% and 119% respectively.
The Group also reported a 41% increase in revenue to R3.66 billion for the same period, and these good results culminated in a trading loss improvement of 36%.
In Q1 2020, Jumia GMV was €190 million, after adjustment. In Q2 2020, it was €228 million. That means for HI 2020, Jumia recorded a GMV of €418 million.
Simply, Nigeria and other African countries have huge opportunities therein, even only to catch up with South Africa.---
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