1. The merging of Kalahari.com and Takealot.com
I would never have thought that I would see the day when these two mega on-line shops merge. Especially not so early in my life either! Kalahari.com has been South Africa’s only online retailer for almost 10 years before Takealot.com surfaced, and due to immense radio and TV advertising, Takealot.com has grown in sales tremendously while sales for Kalahari.com had grown stagnant. This merge comes in the wake of an American company investing US$100m into takealot.com. Under the deal, Naspers (Kalahari.com) will acquire shares from Tiger Global( company investing in takealot.com) such that the two companies have an equal shareholding in the merged business. They will each hold about 41% of the equity.