2 minute read
"You don't need to be raising capital to build a store"
Takealot Group CEO, Mamongae Mahlare
Did you know e-commerce makes up 4% of the retail sector in South Africa? Did you know Takealot has over 7 700 SMMEs on their platform? Meet Takealot Group CEO, Mamongae Mahlare, who succeeded Founder and Chairperson, Kim Reed, in 2021.
The needs and demands of consumers have shifted and Mamongae is tasked with leading an organisation that is paving the way for the future of retail. In the latest Business Unusual Podcast, Ralf Fletcher, CEO of Topco Media is in conversation with Mamongae about the transformative impact of e-commerce, what it takes to solve complex problems and what we need to consider as e-commerce continues its growth.
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10 KEY TAKEAWAYS TO LISTEN OUT FOR IN THIS PODCAST:
1. For e-commerce to reach its potential, the regulatory framework needs to allow for innovation
2. The evolution of e-commerce in South Africa in the coming years will be different to the trajectory of the industry in developed economies
3. Competition is good. Amazon expanding into South Africa is an opportunity to transform the economy
4. E-commerce platforms open up access to markets
5. A business model like that of Takealot has the knock-on effect of helping other businesses grow
6. When venturing into a market its important to understand the context and the culture of the region
7. You cannot be the stumbling block to the growth of your organisation
8. Coming up with a solution to start with understanding what the problem is that needs to be solved
9. Take each possible solution and ask “‘what would need to be true for that to be the answer?”
10. We need to be intentional about creating opportunities for women
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