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In a surprise development, Takealot.com has announced that its CEO, Kim Reid, is stepping down from the role. He is not leaving Takelot, though – he will become chairman of South Africa’s largest online retailer later this year.

World News

The Independent Communications Authority of SA (Icasa) has proposed four separate models for unbundling the fixed-line local loop, which would give Telkom’s rivals access to the company’s “last mile” of copper cable infrastructure

Telkom’s mobile operator, 8ta, will double the number of base stations active in its network in the next nine months, increasing population coverage from 25% now to between 35% and 40% by the end of the first quarter of 2012