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Takealot takes aim at Temu and Shein

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Takealot Group CEO Fred Zietsman says businesses selling their products in South Africa without building any infrastructure or employing locals could be a net loss to the country.

Takealot is in talks with governmental and non-governmental institutions in South Africa regarding the regulation of offshore e-commerce in the country, with its sights set on companies like Temu and Shein .with 702, Takealot Group CEO Fred Zietsman explained that while third-party sellers on Takealot are forced to pay import duties and taxes for imported products, some “new players” don’t tend to adhere to these regulations.

“We’re actively speaking to governmental and non-governmental institutions to make clear that revenue leakage to this country’s fiscus is not in anybody’s benefit in the short term,” he added. The quoted comments do not apply to Amazon, as it plans to launch a marketplace in the country with local distribution centres.Frederik Zietsman, Takealot Group CEO

Lawrence explained that their local courier and service provider partners are reporting their duties and taxes correctly to Sars incorrectly. Critics argue that avoiding this tariff and the VAT applied allows Shein and Temu to offer their products at significantly lower prices than local competitors.

Clothing E-Commerce Ecommerce Fred Zietsman Headline Import Taxes Michael Lawrence National Clothing Retail Federation (NCRF) Online Clothing Stores Shein South African Revenue Service (SARS) Takealot Temu Business

 

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