Share

MIH Internet Africa to restructure

Cape Town - MIH Internet Africa (MIHIA), a subsidiary of the Naspers group, has decided to restructure its operations in order to focus specifically on its general e-tail businesses such as Kalahari.

It plans to grow this business aggressively over the next year.

"Kalahari had a very strong Christmas and has just introduced an advanced platform successfully," the company said in a statement.

"The restructuring will allow the group to dedicate more resources to this exciting area of growth, building out stronger platforms and offering better services."

Some small businesses, which are no longer core, namely Style36, 5Rooms, Kinderelo, SA Camera and 5Ounces, will be closed down, after consultation with staff and reviewing all options.

"This decision is based purely on a shift in strategy and was not performance related," the company said.

"This process is limited to the MIHIA group and does not affect other Naspers subsidiaries with e-commerce investments in Africa, such as Media24, which continues to focus on fashion e-commerce."

Media24 will continue to leverage its magazine titles to drive e-commerce activity, especially through fast-growing fashion vertical Spree, and is planning to expand substantially in this area.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.94
-0.9%
Rand - Pound
24.10
-0.9%
Rand - Euro
20.59
-0.7%
Rand - Aus dollar
12.42
-0.9%
Rand - Yen
0.13
-0.8%
Platinum
915.75
-0.8%
Palladium
1,028.36
-3.5%
Gold
2,159.96
+0.2%
Silver
25.03
-0.6%
Brent Crude
85.34
-0.1%
Top 40
66,252
0.0%
All Share
72,431
0.0%
Resource 10
53,317
0.0%
Industrial 25
100,473
0.0%
Financial 15
16,622
0.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders