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
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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
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
Local-loop unbundling poses a “major risk” to Telkom, says its group CEO, Nombulelo Moholi. Unbundling will allow rival operators access to Telkom’s last mile of copper-cable infrastructure in businesses and homes. Moholi says
Telkom’s new CEO, Nombulelo Moholi, has called on industry regulator, the Independent Communications Authority of SA (Icasa), to review the need for the company to be subject to retail price controls. She argues the market is now
The Internet Service Providers’ Association (Ispa) wants the department of justice & constitutional development to relook at the Regulation of Interception of Communications Act (Rica) because of the “near-impossible burden of
Telkom has grown the number of fixed-line broadband subscribers on its network by 16,1%. At the end of March, it had 751 625 asymmetric digital subscriber line (ADSL) subscribers, up from 647 462 a year earlier. However, the company’s share of