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.
Bruce Whitfield interviewed EWN reporter Rahima Essop and Prof Somadoda Fikeni, Adviser to Unisa's Vice-Chancellor.
The Money Show’s Bruce Whitfield interviews the former CEO of Africa’s largest retailer by far.
The Money Show’s Bruce Whitfield interviews Investec Asset Management Economist Nazmeera Moola.
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.
AfriForum will prosecute Duduzane Zuma after NPA declined to do so in 2015 following a 2014 accident where a woman died.
Dr Bodhisattva Kar reveals how industrial capitalism influenced the world's current sleep patterns.
The Money Show’s Bruce Whitfield interviews Adams about his attitude to money (hopes and fears, successes and failures, etc.).
A Cape Town man was stabbed to death on Saturday while trying to assist two women who were being mugged on Kloof street.
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.