Just seven months after being acquired by international hedge fund company Tiger Global Management, Cape Town-based e-retailer Take2 has changed its name to Takealot and is talking up a plan to generate R1bn in annual sales within five years. CEO Kim Reid
Author: Editor
Someone once said that a “successful company is one that lays a firm foundation with the bricks others have thrown at them”. With that in mind, I do not believe it’s too late for Telkom. Recently, Vodacom Group CEO Pieter Uys
India’s Tata Communications has acquired Two Telecoms Consortium’s 12,5% stake in Neotel taking its stake in the local operator to 61.5%. Tata Communications is part of the US$67bn Tata group. Neotel wants to expand its customer base by
MIP Holdings, an independent software development house based in Johannesburg, has acquired Stellenbosch-based Itemate Solutions for an undisclosed sum. It hopes the deal will give it access to Africa’s vast unbanked market by allowing it to merge
Just a week after online news website The Daily Maverick announced its intention to launch an iPad newspaper, SA daily Business Day has unveiled plans to launch an iPad edition of the paper. The application, available from next month, will be free to
First the good: the BlackBerry PlayBook is infinitely more fun than expected. It’s sleek, it’s sexy, and it shamelessly aims to answer the complaints consumers have levelled at its — and every other tablet manufacturers’ — biggest rival, the iPad. Its maker
Telkom has pulled the plug on a plan to sell the wireless division of its Nigerian subsidiary, Multi-Links, to Visafone for US$52m and will stop funding the operation with immediate effect. Liquidation may follow. The decision to
JSE-listed Blue Label Telecoms said on Monday it has decided to terminate its business activities in Nigeria. This follows the cancellation of a contract in that country with Telkom subsidiary Multi-Links. Blue Label co-CEO Mark Levy says the decision will allow it
Telkom announced on Monday that it will offer a variety of converged voice and data packages to consumers under the name Telkom Mix in coming months. The first offering under Telkom Mix brand includes a BlackBerry Curve 8520 with
The videogame industry’s longest-running joke has finally arrived at its painfully unfunny punchline. Duke Nukem Forever is here after 14 years in development and it feels about as irrelevant and embarrassing as a Sex Pistols reunion tour