UPDATE: PriceCheck Nigeria stays open for business - 'key operation for the company'

This week PriceCheck founder Kevin Tucker and Silvertree Internet Holdings under its ClicknCompare Group partnered to buy back the price comparison platform - which operates in South Africa and Nigeria - from Naspers. Pulse reported earlier.

Pulse also reported exclusively in this article that a source close to the company who spoke to Pulse Tech claimed the Nigerian arm may shutdown after the take-over.

However, a publicist for the company outlined that this will definitely NOT happen as '(Nigeria) is a key operation for the company'. - The company will be doing some restructuring in Nigeria though - cutting down staff strength. This, the source may have misunderstood, and Pulse has the exclusive statement from PriceCheck:

“PriceCheck Nigeria is certainly not closing operations in the country as the territory is a key operation for the company, although some restructuring is required in the interim, which will result in job losses”, Jessica Hope from Wimbart Communications, a rep for PriceCheck told Pulse in e-mail correspondence.

Pulse Tech will stay close to the developments at PriceCheck and its representatives to bring our readers all the news on its development.

Naming Nigeria as a key territory, as more and more international and South African companies are doing, definitely promises a focus by the PriceCheck leadership on the country - even if it comes with short-term big changes for its staff.