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
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