Multinational media company Naspers released its interim results for the six months to 30 September on Tuesday. They show subsidiary Multichoice has enjoyed far slower growth than in 2010 but the group’s Internet interests are expanding rapidly and accounting
In notes accompanying its interim financial results, released on Monday, Telkom has confirmed that by 2015 the slowest broadband package on its fixed-line network will offer download speeds of up to 2Mbit/s, from 384kbit/s now, and up to 40Mbit/s at the top end. The company has also
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
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?
Andrew Mason is the young, fresh-faced founder of Groupon, the fastest growing start-up in history. Fresh-faced youngsters running tech start-ups are hardly a rare breed in Silicon Valley, but Mason is a native of Pittsburgh and Groupon is based in Chicago, both a far cry
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