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.
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.