'Low potential for profitability' -- Jumia to exit South Africa, Tunisia by year end

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'Low potential for profitability' -- Jumia to exit South Africa, Tunisia by year end
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Jumia, a pan-African e-commerce platform, has announced plans to close its South African online fashion retailer ‘Zando’ and its Tunisian operations by the end of the year

October 16, 2024 8:57 pmJumia, a pan-African e-commerce platform, has announced plans to close its South African online fashion retailer, ‘Zando’, by the end of the year.Tunisian operations will also be shut down to focus on its other markets.Uganda, Tunisia, Algeria, Ivory Coast, and South Africa.

“We believe it’s the right decision. It enables us to refocus our resources on the other nine markets, where we see more promising trends in terms of scale and profitability.” Dufay said he is not planning to sell either operation, which will hold clearance sales before shutting.closures would axe about 110 jobs, but some workers may be relocated to other parts of the group’s business.

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