Vodacom chairman linked to new e-commerce start-up
Vodacom Group chairman, Peter Moyo is one of the executives behind a new online venture in South Africa, Going.co.za, which sells assorted products at heavily discounted prices.
South African born Paul Greenberg, Chief Executive of the Australian National Online Retailers Association and founder of DealersDirect Group – Australia’s largest online retailer – has partnered with black empowerment group Amabubesi Holdings to launch the innovative Going.co.za.
Moyo is a founding member and director of Amabubesi Holdings, and has been appointed as executive director of Going.co.za. He is also chairman of the Audit Committee of the Auditor General’s office.
The new website provides a means of selling excess inventory, returned items, refurbished goods and other hard to sell products, featuring products such as electronics, stationery, clothing, toys, sports equipment and a variety of other categories.
“Australia is now a mature market and Africa is being hungrily eyed by many players. We have been following the local online retail model for some time and there seems to be a three way investor war between Tiger Global Management, Rocket Internet and MIH, which belongs to Naspers,” Greenberg said.