Outgoing Takealot Group CEO Kim Reid said the South African Post Office should get the basics right – delivering the mail – before trying to enforce a monopoly over the delivery of parcels weighing less than 1kg.
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Kim Reid has spent the past 10 years building Takealot Group – today controlled by Naspers – into South Africa’s largest e-commerce company. He sat down with TechCentral to reflect on his time at the helm.
A few nights ago, cryptocurrency entrepreneur Justin Sun announced on Twitter that he had paid half-a-million dollars for a picture of a rock with laser eyes. It wasn’t even a good picture of a rock.
Telkom has finally launched support for embedded Sims, or eSims, on smartphones connected to its network.
OPay, an Africa-focused digital payment start-up founded by a Chinese entrepreneur, has secured $400-million in its latest funding round led by SoftBank Vision Fund 2, valuing it at $2-billion.
Google’s new submarine cable system, Equiano, which will connect Africa and Europe, will make its first landfall later this week – on the island of St Helena in the South Atlantic.
Samsung Group will invest ₩240-trillion (R3.1-trillion) in the next three years to expand its footprint in biopharmaceuticals, artificial intelligence, semiconductors and robotics.
DiDi Global has suspended plans to expand in Europe partly because of concerns over how the Chinese ride-hailing company handles passenger data, according to a person familiar with the matter.
Facebook is letting some users make voice and video calls within its main app on a trial basis, aiming to make it easier to place calls without opening its standalone Messenger app.
In a virtual strategy update event on Friday, Standard Bank Group revealed that it plans to cut head office and branch space by as much as a quarter by 2025.