Big changes at Takealot

The Takealot Group says Frederik Zietsman will take over as Chief Executive from 1 February 2024.

Zietsman will take on the wider group role from his current position as Chief Executive of takealot.com.

Current group CEO Mamongae Mahlare will now take over as the Executive Chairperson of the Takealot Group.

Current chairperson Kim Reid will remain on the board as a director and as a strategic advisor to the
Chairperson and Group CEO.

The leadership changes highlight the consolidation of the takealot.com and group CEO
roles, with the streamlining of the leadership between the group and takealot.com reinforcing its
resources around its flagship online marketplace platform.

“I’m excited about the opportunity to continue building this great business, as well as continuing to work alongside Mamongae. We have strong and committed teams across our Group, and I believe that simplifying our structures will go a long way to building on their great work. Our future is clear. We are focused on enabling SMMEs and improving the lives of South Africans every day,” said Zietsman.

The group said that its operations have created and supported 33,000 jobs across takealot.com, Superbalist and Mr D. There are currently 12,000 SMMEs using its platforms.

The overall GDP contribution of the group is over R19 billion, with over R2 billion paid in taxes.

“My role as Executive Chair is about supporting the leadership to grow the business and on driving opportunities that move our group forward. I will also be collaborating with our stakeholders to champion the enablement of e-commerce and how we can accelerate SMME development in the digital economy to create much-needed jobs,” said Mahlare

“Takealot has built a strong brand in South Africa and has done so much to champion the establishment of the ecommerce category from the ground up. I remain committed and excited to continue working with Mamongae, Fred and the team in delivering on the possibilities within the Group and the opportunity to accelerate SMME development on our platforms, a cornerstone to further job creation in South Africa.” said Reid.

Read: These 24 food items have seen double-digit price hikes in South Africa