Browsing: Kim Reid

The competition authorities have approved the merger of two of South Africa’s biggest e-retailers. Takealot.com and Kalahari.com said on Tuesday that their merger deal had been given the go-ahead by regulators. The decision was handed down on Monday, the

Here they are, TechCentral’s South African Newsmakers of 2014. These are the individuals, in ascending order from five to one, who we believe were the most newsworthy in the technology and telecommunications space this year, for good reasons and bad. Also, check out our International Newsmakers

Two of South Africa’s biggest online retailers, Takealot.com and Kalahari.com, surprised just about everyone this week when they announced plans to merge their operations. The proposed deal is surprising because, until now

Online retailer Takealot.com has acquired 100% of the equity of Superbalist.com, a design and apparel online retailer founded four years ago. The deal comes just three months after Takealot announced that it had raised more than R1bn from Tiger Global Management, an international investment

Big companies are splashing unprecedented amounts of cash into e-retail in South Africa, with the likes of online merchandiser Takealot.com recently raising R1bn of investment for expansion in the country and sub-Saharan Africa, and Naspers ploughing R5,6bn into e-commerce around the globe

Well-known technology industry entrepreneur Willem van Biljon has joined Takealot.com, the e-commerce website that recently announced it had secured about R1bn in new funding, as co-CEO and chief technology officer. Van Biljon co-founded Mosaic Software, the company

US$100m, or over R1bn. That’s the amount South African e-commerce site Takealot has raised from Tiger Global Management, an international investment company, according to a report on US website TechCrunch. Takealot CEO Kim Reid CEO says Tiger Global has been a shareholder in Takealot since its inception

Cape Town-based online retailer Takealot.com has acquired 60% of Mr Delivery – recently rebranded as Mr D – for an undisclosed sum. Over the past year, Mr D has established itself as a delivery vehicle for online orders through a partnership with Takealot. Mr D

UK music retailer HMV said this week that unless it can find a buyer, it will soon be forced to close its doors. HMV’s news comes just a week after the Virgin Megastore in France chain said it was headed towards bankruptcy. Although South Africa is a very different market