In a Bandwidth Blog exclusive, it has been confirmed that independent online retailer SAcamera, that sells photographic equipment and accessories has been acquired by MIH Internet Africa, a subsidiary of Naspers Ltd.
MIH will be integrating SAcamera into its very own e-commerce site Kalahari.com. As a seller of books, movies, games and electronics, SAcamera will retain its own identity as part of South Africa’s biggest online store as the specialist photographic equipment and accessories partner.
Jesse Hemson-Struthers, who established SAcamera in 2004, said the deal would see the business benefit from the infrastructure and resources of MIH in continuing its growth. “The appetite for online retailing in South Africa, and for quality products backed up by efficient service at the right price, has grown, and continues to grow significantly,” says Hemson-Struthers.
Hemson-Struthers added that the management team of SAcamera.co.za would remain in place. He added that “Aligning with MIH and Kalahari.com is already contributing to the growth of SAcamera. We are actually expanding our team to cope with the surge in demand over the past year and we expect the relationship to continue yielding positive results for both SAcamera and Kalahari.com”
The acquisition price was not disclosed.
Jesse is also the Co-Founder of BetTech Gaming, a cloud sports betting platform provider that powers many book makers online sports betting ambitions like local player – Bet.co.za. Jesse noted that he welcomed the SAcamera acquisition which would allow him to focus more of his time on his sports betting company.