Mr D sells 60% share to Takealot.com

The purchase, for an undisclosed amount, is not subject to approval by the Competition Commission.

Over the past 12 months, Mr D has fired the chef, rebranded and established itself in online deliveries by providing a delivery solution through Takealot.com, one of South Africa's most innovative online retailers.

"We are very happy with the level of service provided to us by Mr D over the course of the last year, so happy in fact that we have decided to invest further and secure a meaningful stake in the business," says CEO of Takealot.com, Kim Reid.

Mr D has a national infrastructure of branches and drivers delivering 7 days a week until 9pm, allowing for scheduled deliveries to customers.

"We specialise in providing B2C deliveries, while allowing customers to select their preferred time of day to have their goods delivered," says Mr D MD, David Chait.

The investment will enable the company to realise its vision of becoming the best in B2C last mile delivery, while providing a high level of service. "The online retailer will help us scale our technology appropriately and assist in developing the tools and services required to take the business to a new level, we are very excited about this development," concludes Chait.