Takealot shrinks trading loss to R31 million

The Takealot Group grew revenues by 36% while decreasing trading losses to “near breakeven” of $2 million (R31 million), Naspers reported in its interim results for the six months to 30 September 2021. “This is an improvement of 67% (67%), driven by higher gross margins at Takealot.com’s general ecommerce platform and Superbalist, which improved trading profit margins by one percentage …

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What the Mirror Trading International liquidators tried to hide — all member claims rejected

At the first meeting of creditors held with the Master of the High Court on 5 November, the provisional liquidators of Mirror Trading International resolved to reject all claims that the scheme’s former members had submitted. In a statement to MyBroadband, the liquidators explained that the creditors—former members of the scheme—do not yet have to resubmit their claims. The liquidators …

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