LotusWeb is a global technology company with principal operations in internet services, especially ecommerce (i.e. online shopping and payments). Wherever we operate, we ensure that we comply with all international, national and local standards, legislation and regulations. Internationally, our sites are World Wide Web Consortium (W3C) HTML 5.0 and W3C CSS 3.0 standards compliant. In South Africa we comply with the spirit and letter of the country’s Broad-Based Black Economic Empowerment (B-BBEE) requirements (Level 3). Our strength lies in our local approach, our entrepreneurial spirit and the quality of our people. Over the years we have built a successful track record of identifying trends early, adapting them for the markets in which we operate and the leveraging them to our advantage. Our expertise lies in ecommerce. We also sell online advertising and manage paying subscribers. We will continue to focus on internet (specifically ecommerce) to create value for our shareholders over the medium to longer term. While we plan to expand our business mainly through organic growth, we are also likely to strengthen our position through appropriate acquisitions, subject to strict and robust evaluation processes.
We understand how to identify consumer needs, read technology trends, manage entrepreneurs, write code, develop solutions to consumer problems and service their needs. We aspire to be strong operators in the ecommerce space. Our focus is on driving scale and expanding our footprint in our B2C businesses, pushing further on new growth areas and prioritising mobile.
Our key objectives are to:
- Grow our ecommerce businesses
- Invest in technology
- Maintain a local approach
- Provide quality service
- Attract innovative and motivated employees
- Balance profit, people and planet