Browsing: Herman Heunis

News
Mxit by the numbers

As Mxit shuts its doors, here are key statistics about the once giant South African social network. Mxit announced on Friday that it is shutting down commercial operations and being taken over The Reach Trust. The Mxit app will still be available as a download but

News
Trouble in Mxit-land

Stellenbosch-based mobile social network Mxit is retrenching as much as 27% of its workforce, company insiders say. This comes just months after the exit of CEO Alan Knott-Craig, who also formerly headed up the investment vehicle World of Avatar of which Mxit is part. TechCentral has learnt

News
Why Knott-Craig quit Mxit

Alan Knott-Craig has resigned as CEO of Stellenbosch-based social networking and instant-messaging service Mxit after disagreeing over strategy with major shareholders in the company, who include former FirstRand executives Paul Harris and GT Ferreira. Mxit is 90% owned by

Noticeboard
Innovation event comes to Cape Town

Research and analysis firm Frost & Sullivan is hosting its second annual Growth Innovation Leadership Event in Cape Town next month. The event attracts executives from some of SA’s and Africa’s biggest technology , mining, and engineering players. The event will take place on 22 August at the Table Bay

News
One year to get it right, says MXit boss

Stellenbosch-based social networking company MXit has a one-year window of opportunity to improve and expand its products and services if it’s going to fend off an onslaught of rival services like instant-messaging application WhatsApp, says its new CEO, Alan Knott-Craig. “The main risk

Alistair Fairweather
Is MXit worth the money?

Alan Knott-Craig Jr is looking for attention. He wants so much of it, in fact, that he’s just bought the attention of 40m people in 120 countries. Yes, I’m talking about the MXit acquisition. Last week, in a completely unexpected move, Knott-Craig swooped in and bought Africa’s biggest social

In-depth
Knott-Craig speaks out on the MXit deal

World of Avatar, the technology investment vehicle headed by Alan Knott-Craig, said on Thursday it is buying social media and instant messaging platform MXit from media group Naspers and the service’s founder, Herman Heunis. But does the deal make sense?

News
Alan Knott-Craig buys MXit, Naspers exits

Alan Knott-Craig’s investment vehicle, World of Avatar, has signed a binding agreement to acquire 90% of Stellenbosch-based MXit for an undisclosed amount, with 10% remaining in the hands of its staff via a trust, which was set

News
MXit opens wallet to customers

SA mobile instant messaging and social networking company MXit has signed an agreement with UCS Group subsidiary wiWallet to give its users a new payment platform. Herman Heunis, founder and CEO of MXit

News
SA youngsters choose MXit over Facebook

Mobile instant messaging provider MXit was voted number one by SA youth, beating a formidable list of global players like Facebook, YouTube and Yahoo, a survey showed on Wednesday. The survey, which was part of the Sunday Times Generation Next Survey, interviewed more than 5 800 youth from six provinces. MXit took first place for best cellphone application and best social networking applica