Streaming issues? Report here
Azania Moaka 702 Gradient Azania Moaka 702 Gradient
The Azania Mosaka Show
13:00 - 15:00
volume_up
volume_mute

Up Next: Afternoon Drive with Joanne Joseph
See full line-up
The Azania Mosaka Show
13:00 - 15:00
Home
arrow_forward
Business

How Takealot plans to spend R960 million it got from Naspers

10 May 2017 7:04 PM
Tags:
Naspers
takealot

The Money Show’s Bruce Whitfield interviews Takealot CEO Kim Reid.

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

Click here (then“like” the page) to follow Bruce on Facebook.

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.

Article brought to us by Old Mutual.


10 May 2017 7:04 PM
Tags:
Naspers
takealot

Recommended

More from Business

onionjpg

Small Business Focus: Onion peeler lessons for SMEs

2 July 2020 9:42 PM

Pavlo Phitidis tells more about a strategy that he has been using for years and how to apply this in a business.

Share this:
Read More arrow_forward

edit - equity-market - image from JSE-dot-co-dot-za.jpg

Personal Finance Feature - Equity fund vs index investing

2 July 2020 8:43 PM

Personal financial adviser Warren Ingram says active fund managers in South Africa have had a terrible time.

Share this:
Read More arrow_forward

rotisserie-whole-chicken-poultry-hot-cooked-food-meal-supermarket-meat-123rf

Meat importers say FairPlay’s dumping concerns is just a COVID-19 blame game

2 July 2020 8:05 PM

Association of Meat Importers and Exporters CEO Paul Matthew says there are mechanisms to deal with a possibility of dumping

Share this:
Read More arrow_forward

191115 SAA strike Airways Park1

Four unions sign up for voluntary SAA severance packages

2 July 2020 7:14 PM

DPE acting director-general Kgathatso Tlhakudi says there is hope ahead of talks with Numsa, Sacca and pilots association.

Share this:
Read More arrow_forward

sanef-logo-2017-slider-770xjpg

Sanef launches relief fund for journalists who’ve lost income due to COVID-19

2 July 2020 11:18 AM

Only freelance, contract or permanently employed journalists who have been retrenched or had their contracts cancelled since the implementation of the national lockdown will be eligible to apply.

Share this:
Read More arrow_forward

160622Stickman-gif.gif

Shapeshifter - SA animation company Triggerfish now in Ireland

1 July 2020 10:23 PM

CEO says Stuart Forrest says Ireland is where the animation industry is booming and they have been doing a lot of work there.

Share this:
Read More arrow_forward

Cars-For Sale-Automotive-Industry-Dealership-Vehicles-service-wheels-123rf

Market Commentary

1 July 2020 9:18 PM

Chris Steward, portfolio manager at Ninety One, says the PMI number in particular is looking a little better.

Share this:
Read More arrow_forward

Kauai strawberry smoothie

Real Foods' Kauai is not chicken about expansion

1 July 2020 8:42 PM

Real Foods CEO Dean Kowarski says they have seen a lot of opportunities since the relaxation of regulations.

Share this:
Read More arrow_forward

sugar-cane-tongaatjpg

Tongaat Hulett fined R7.5-million for publishing false financial results

1 July 2020 7:55 PM

Financial Mail editor Rob Rose says it seems like the JSE felt like it had to do something and made this token sanction.

Share this:
Read More arrow_forward

medicine pills drugs

Drug profits - a necessary evil or something that needs to change

1 July 2020 7:15 PM

Using profit to solve health issues does not work in a pandemic, perhaps at all.

Share this:
Read More arrow_forward