naspers

  1. Jan

    Takealot still not profitable, reports R224 million loss

    Takealot makes R224 million loss Naspers has published interim results for the first half of its 2023 financial year (H1 FY2023), revealing a significant loss for its Takealot group of ecommerce businesses. The group consists of general online store Takealot.com, delivery service Mr D, and...
  3. Jan

    Naspers sends profit warning 45 minutes after market close

    Naspers issues major profit warning Naspers issued a trading update 45 minutes after the JSE closed on Monday, warning shareholders that it expects a major decline in half-year profits. It warned that headline earnings per share for its continuing operations would decline by between 100% and...
  4. Jan

    Prosus gives up $403 million stake in Russia's VK social network

    Naspers-owned Prosus gives up R7 billion investment for nothing Prosus NV gave up its stake in Russia’s largest social network for nothing, walking away from a company run by an executive under US sanctions. VK sold the shares acquired from the Dutch e-commerce company to its management team...
  5. Jan

    Kim Reid hired as BetKing CEO

    Takealot founder and former CEO hired to head MultiChoice-owned sports betting company Blue Lake Ventures Group (BLV Group) has appointed Takealot founder and former CEO Kim Reid as its CEO, Daily Investor reports. BLV owns Africa-focused online sports betting service BetKing, and pay-TV giant...
    • Jan
    • Thread
    • betking blue lake ventures (blv group) kim reid multichoice naspers takealot
    • Replies: 6
    • Forum: Broadband and IT News
  6. Jan

    Canal+ increases stake in MultiChoice to 26.26%

    French pay-TV giant buys bigger stake in DStv-owner MultiChoice MultiChoice has informed shareholders that Groupe Canal+ has increased its stake in South Africa’s biggest pay-TV player to 26.26%. This is up from 20.12% in July when MultiChoice disclosed that the French media giant had bought a...
    • Jan
    • Thread
    • calvo mawela canal+ dstv multichoice naspers richard cheesman
    • Replies: 2
    • Forum: Broadband and IT News
  7. Jan

    Naspers boss sold R1.6 billion stock into company share buyback programme

    Naspers CEO dumps R1.6 billion in shares during company's aggressive stock buyback Naspers CEO Bob van Dijk sold R1.6 billion in Naspers shares over the last two weeks while the company was on a buyback spree. Over the last few days, Naspers announced that Van Dijk sold his shares in a few...
  8. Jan

    Tencent shares worth $7.6 billion appear in Hong Kong clearing system - is it Prosus?

    Worries that Naspers-owned Prosus will offload R131-billion Tencent stake Tencent Holdings Ltd. shares worth $7.6 billion (R131 billion) appearing in Hong Kong’s clearing and settlement system has fueled speculation that a large stakeholder may be selling its holdings. About 192 million of...
  9. Jan

    Why Naspers shareholders are angry

    Naspers' big problems Naspers and Prosus released their full-year results on 27 June 2022, which revealed a decline in trading profit, core headline earnings per share, and free cash flow. Naspers CEO Bob van Dijk downplayed the earnings decline, saying, “the group delivered strong growth and...
  10. Jan

    Takealot revenue surged from $606 million to $827 million - why hasn't it broken even?

    Takealot under pressure Takealot is under siege with increased competition from large brick-and-mortar retailers, Amazon.com is planning to launch local operations, it has lost many top executives, and the Competition Commission is on its back. Takealot was launched in June 2011, following the...
    • Jan
    • Thread
    • amazon.com competition commission kim reid naspers takealot
    • Replies: 38
    • Forum: Broadband and IT News
  11. Jan

    Takealot and Makro tech prices compared

    Takealot versus Makro — online tech pricing showdown Massmart-owned Makro is focusing on ecommerce to compete with South African online retail giant Takealot. With better pricing on several tech products, it could be well on its way to doing so. A MyBroadband pricing comparison revealed that...
  12. Jan

    Tencent leads China tech losses as Naspers-owned Prosus plans to cut its stake

    Chinese tech stocks fall after Naspers-owned Prosus announces share buyback plan Chinese technology stocks fell as a plan by Tencent Holdings Ltd.’s major backer to further cut its stake in the company fueled concerns more investors may look to take profits following a strong rally. The Hang...
  13. Jan

    Naspers - from media giant, to ecommerce, to video games

    All the companies Naspers owns Naspers' empire extends from its ecommerce and media holdings in South Africa to indirect ownership of some of the world's biggest game studios. The company announced its annual financial results on Monday, reporting a 24% revenue increase to $36.7 (R581.3...
    • Jan
    • Thread
    • digital extremes discord epic games media24 naspers naspers foundry olx prosus riot games takealot tencent
    • Replies: 6
    • Forum: Broadband and IT News
  14. Jan

    Prosus selling its Tencent shares to buy back its stock

    Naspers-owned Prosus selling Tencent stock to buy back own shares Naspers and Prosus have announced a share repurchase programme, where it will sell a portion of the group's Tencent Holding shares to buy back its own stock. The repurchase programme will be funded by the on-market sale of...
  15. Jan

    Takealot Group grows revenue to R13 billion, still makes R111 million loss

    Takealot makes R111 million loss despite massive revenue increase Takealot grew its gross merchandise value by 34% and revenue by 27%, Naspers reported in its annual results for the period 1 April 2021 – 31 March 2022. Naspers noted that these percentages represent growth in local currency...
  16. Jan

    ByteDance disbands Shanghai games studio in expansion setback

    ByteDance Disbands Shanghai Games Studio in Expansion Setback ByteDance Ltd. has shut down a game development studio it acquired just three years ago, slashing more than a hundred jobs in a major setback for its quest to challenge Tencent Holdings Ltd. in mobile gaming. [Bloomberg]
  17. Jan

    Naspers Foundry invested R500 million in South African start-ups

    Naspers invested over R500 million in South African start-ups — here is the list In October 2018, Naspers announced its Naspers Foundry initiative to boost the South African technology sector. Naspers Foundry’s mandate is to help South African technology entrepreneurs to develop and grow their...
    • Jan
    • Thread
    • bob van dijk naspers naspers foundry phuthi mahanyele-dabengwa
    • Replies: 3
    • Forum: Broadband and IT News
  18. Rual dV

    Naspers Foundry leads a R53 million investment round in LifeCheq

    Naspers invests R40 million in LifeCheq Naspers Foundry has invested R40 million in financial advisory company LifeCheq. The technology giant led a R53 million Series A investment round in LifeCheq via its early-stage technology investment platform, Naspers Foundry.
  19. Jan

    South African payment companies raising billions

    Billions flowing into payment companies in South Africa Competition in South Africa's payment gateway space is heating up as cash gradually becomes less popular, and more businesses head online to sell their goods and services. South Africa has several payment gateway companies, some of which...
    • Jan
    • Thread
    • andy higgins callpay dpo group jonathan smit naspers payfast paygate payu tallorder yoco
    • Replies: 2
    • Forum: Broadband and IT News
  20. Jan

    South Africa's biggest public IT companies

    The biggest IT companies in South Africa South Africa has several home-brewed information technology companies worth well over R1 billion. After making enormous gains during the height of the Covid-19 pandemic, most major global tech shares have taken a beating in 2022.
    • Jan
    • Thread
    • altron alviva datatec eoh johannesburg stock exchange (jse) karooooo mustek naspers prosus
    • Replies: 2
    • Forum: Broadband and IT News
  21. Jan

    ANC received R1 million donation from Naspers in 2021

    Naspers gave R1 million to the ANC in 2021 South African multinational holding company Naspers donated R1 million to the ANC in November 2021. This was revealed in the latest Political Party Funding Declaration Report published by the Electoral Commission of South Africa (IEC) on Tuesday.
    • Jan
    • Thread
    • african national congress (anc) democratic alliance (da) independent electoral commission (iec) naspers
    • Replies: 71
    • Forum: Broadband and IT News
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