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Kalahari Ads joins forces with OLX in SA

Dec 14 2011 15:55
I-Net Bridge

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NASPERS LIMITED [JSE:NPN]

Last traded 1740
Change 48
% Change 3
Cumulative volume 1203579
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Last Updated: 12-02-2016 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Naspers-owned MIH Internet Africa on Wednesday announced that the local resources at its online classifieds startup Kalahari Ads would be consolidated with international resources available via OLX, another Naspers [JSE:NPN] owned entity in a bid to grow Naspers' online classifieds footprint and market penetration in South Africa.

Classifieds listed on Kalahariads.net will thus be moved to the new platform - www.olx.co.za, effective December 20.

Paul Casarin, general manager of Kalahari Ads, said it had been hugely successful since its launch earlier this year, becoming the third-largest general classifieds site in South Africa within eight months and seeing the successful rebranding of a number of Naspers newspaper classifieds titles.

"OLX is one of the world's leading classified services and the current leader in Latin America and Asia. With a presence in 90 countries in 40 languages, the free classifieds site has a strong user base internationally, with over 125 million unique visitors per month worldwide," he said.

"By consolidating the two businesses we enjoy the expertise of a global classifieds business (OLX) as well as the hands-on local knowledge of the Kalahari Ads team who will ensure prompt customer support and high moderation standards enabling the safest place for buyers and sellers," Casarin said.

Among a range of new online features, the innovative OLX platform also offers mobile apps for a wide range of smartphones including Android, Nokia, BlackBerry and iPhone, together with a mobile site for non-smartphone users.

Naspers made the strategic investment in OLX in August 2010.
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