Two of South Africa’s largest online retailers – and longstanding adversaries – have agreed to merge. Kalahari.com, owned by JSE-listed media and e-commerce group Naspers, will be folded into Takealot.com, the e-retailer that recently secured US$100m from investment firm
Browsing: Takealot
Your hosts Duncan McLeod and Regardt van der Berg get stuck into the week’s biggest technology news. In the show this week, they discuss the looming job cuts at MTN South Africa and look at Telkom’s cut to wholesale broadband
Online shoppers are happiest with Kalahari.com, a new survey has found. Research and consulting firm Columinate says Kalahari emerged as the clear winner in the survey, five points ahead of second-placed Yuppiechef
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
Takealot made headlines last month when it secured about R1bn in funding from shareholder Tiger Global Management, an international investment firm. CEO Kim Reid told TechCentral when the deal was announced that Takealot is on an aggressive growth path in an effort to tap into what he called
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
MasterCard’s annual Online Behaviour Study, presented by World Wide Worx, has revealed that the availability of secure payment facilities is most critical to South Africans when they shop online. The study revealed that 90% of respondents cite the availability
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
In this week’s post-Youth Day show, Duncan McLeod and Craig Wilson discuss Telkom’s results presentation on Monday, looking at the ongoing troubles at Multi-Links in Nigeria and 8ta’s latest subscriber numbers. They also chat about IBM’s centenary, the