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'‘Government must allow e-commerce during lockdown like China did in Wuhan'

9 April 2020 7:03 PM
Tags:
Bruce Whitfield
Ecommerce
takealot
e-commerce
Coronation Fund Managers
Takealot.com
Kim Reid
the money show
Coronavirus
Lockdown
COVID-19
coronavirus in south afrca
covid-19 in south africa
essential goods
Adrian Zelter

Should e-commerce expand during the lockdown? Bruce Whitfield interviews Takealot’s Kim Reid and Adrian Zelter (Coronation).

Lockdown regulations compel all shops to close, except where “essential goods” are sold.

“Essential goods” are defined as any food product (including beverages that don’t contain alcohol), pet food, any input used to produce food, various cleaning and hygiene products, medical supplies, fuel, basic goods such as airtime and electricity, etc.

Takealot is lobbying the government for more goods to be allowed.

Is there a case for broadening what counts as “essential goods” for e-commerce?

The Money Show’s Bruce Whitfield interviewed Adrian Zelter (Portfolio Manager at Coronation Fund Managers) and Kim Reid, CEO at Takealot.com.

The definition of essential goods changes [after a few weeks of lockdown] …

Adrian Zelter, Portfolio Manager - Coronation Fund Managers

I understand the need for limiting the movement of people. That’s where e-commerce can play a role… Pretty much every country under lockdown has allowed e-commerce…

Adrian Zelter, Portfolio Manager - Coronation Fund Managers

We’re limping along because we’re only delivering essential goods… None of the grocery guys are geared for volume…

Kim Reid, CEO - Takealot.com

In China amidst the crisis… the government encouraged them [e-commerce companies] to ramp up their services…

Kim Reid, CEO - Takealot.com

We’ve had calls from people with mentally challenged kids who need toys. We can’t help them… It’s been deemed as non-essential…

Kim Reid, CEO - Takealot.com

E-commerce is perfectly geared for this environment!

Kim Reid, CEO - Takealot.com

Listen to the interviews in the audio below.


9 April 2020 7:03 PM
Tags:
Bruce Whitfield
Ecommerce
takealot
e-commerce
Coronation Fund Managers
Takealot.com
Kim Reid
the money show
Coronavirus
Lockdown
COVID-19
coronavirus in south afrca
covid-19 in south africa
essential goods
Adrian Zelter

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