Last month Naspers announced a R960 million investment in online retail behemoth Takealot.
The Money Show’s Bruce Whitfield interviewed Takealot CEO Kim Reid.
Reid discussed how he’s planning to spend nearly R1 billion in funding.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
I wish it was my cash!— Kim Reid, Takealot
We’re not about to launch a fleet of drones or change our delivery vehicles to Ferraris just yet.— Kim Reid, Takealot
The business is all about scale.— Kim Reid, Takealot
We’re not profitable, but we have a plan to get there.— Kim Reid, Takealot
We definitely learn lessons from Amazon.— Kim Reid, Takealot
All around the world online retail is growing at a rapid rate.— Kim Reid, Takealot
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator’s Pavlo Phitidis.
The Money Show’s Bruce Whitfield interviews Dracore Data Services CEO Chantelle Fraser.
The Money Show’s Bruce Whitfield interviews Galileo Capital Personal Financial Advisor Warren Ingram.
Netflorist – South Africa’s oldest online store – was created as an experiment by a man who was utterly ignorant about flowers.
Meet the founder of WantItAll, South Africa’s second largest web store, and the brains behind the revolutionary Parcelninja.
The two biggest online retailers in South Africa are about to merge. It'll lead to lower prices, says Quirk CEO Justin Spratt.
Sassa says text messages making the rounds asking beneficiaries to come and renew their Sassa cards is a hoax.
ANC branch in the Eastern Cape, Z.R Mahabana, has launched a campaign backing Lindiwe Sisuslu as an ANC presidential candidate.
"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.
City of Johannesburg has urged residents to respect by-laws and the times set for fireworks to be used.
After 3 years there are 3 Nic Harry stores (incl online) that sell 100 000 pairs of socks in over 20 countries around the world.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...
Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?