Kim Reid, currently the CEO of leading e-tailer TAKEALOT.com, is a respected South African businessman who has served at an executive level and held directorships at some of the country’s top companies.
Born in Pretoria in January 1970, Kim is married and has 1 son. He attended both the Universities of Pretoria and UNISA graduating with a BComm Honours and Certificate in the Theory of Accounting.
He then went on to serve his articles with KPMG, and passed his Board exams qualifying as a CA. After a brief stint in Hong Kong, Reid went on to serve as Financial Manager of The Gary Player Group and Financial Director at Sony Music.
It was his next step which would see him start a decade long relationship with the Naspers owned MIH Group, when in 2000 he was appointed the Chief Financial Officer at MultiChoice.
During this time Reid was part of the group’s evolution from a traditional print media business in one country, to a broad-based e-media company in multiple markets. Such was his rise within the organisation that by 2003 he was leading MWEB as its Chief Executive Officer. Having been involved from the very early stages of internet evolution and e-commerce in South Africa Reid led MWEB for 3 years before moving on to trying to expand MIH’s Mobile Television aspirations on an international scale.
Late in 2008 Reid’s responsibilities returned to Africa to head up MIH Internet Africa which included Kalahari.net. Reid was responsible for the maintenance and expansion of existing and new internet businesses in Africa.
Kim was taking some time off from the hectic corporate machine when he was approached with a co-investment opportunity by Tiger Global Management, a New York-based hedge fund with more than US$ 9.5billion under its control, that has been steadily investing in emerging market Internet-related businesses all over the world including countries like China, Brazil, Russia, India.
Together they bought TAKE2, an online retail company started by seven investors in Cape Town in 2002. With his vast experience and knowledge of the South African e-commerce industry Reid is positioning the company, now called TAKEALOT.com, to be the leading e-tailer in the country.
He has created an exciting working environment that encourages creativity, accountability and growth and has been attracting leading experts in retail and the e-commerce field to help him achieve his goal of making TAKEALOT.com Africa’s most prominent e-tailer.
When not navigating TAKEALOT.com, Kim enjoys spending time with Michelle his wife and Daniel his son, playing golf and taking any opportunity to go skiing when the snow is good.