naspers

  1. Jan

    OLX closure does not mean the death of classifieds - Gumtree

    Death of OLX good news for Gumtree Naspers' abrupt decision to pull the plug on second-hand marketplace OLX has raised concerns that the pre-owned retail market in South Africa could be dying. Naspers shut the site down and delisted its apps without warning on Tuesday, 1 February. It directed...
    • Jan
    • Thread
    • autotrader bruce whitfield claire cobbledick facebook marketplace gumtree naspers olx property24
    • Replies: 26
    • Forum: Broadband and IT News
  3. Jan

    Fund founder tears into Naspers management's multi-billion blunders

    Naspers management slated for making multi-billion blunders Ranmore Fund Management founder, Sean Peche, has slated Naspers and Prosus management for their failure to unlock value for South African savers and investors. In a series of comments on Twitter, Peche explained why he believes the...
    • Jan
    • Thread
    • albert saporta naspers prosus ranmore fund management sean peche tencent
    • Replies: 5
    • Forum: Broadband and IT News
  4. N

    OLX South Africa is no longer available

    https://aimgroup.com/2022/02/01/naspers-closes-olx-south-africa/
  5. Jan

    OLX South Africa shuts down

    Naspers kills OLX South Africa South Africans visiting the OLX website on Tuesday morning were greeted with the message that the classifieds service is no longer available. “Not to worry, we can still help you find your new car or property,” the website stated, offering links to OLX...
  6. Jan

    Investors bullish on MultiChoice

    Why investors think MultiChoice can pop in 2022 MultiChoice has been a poor performer on the Johannesburg Stock Exchange (JSE) over the last three years, but analysts are upbeat about the company’s share price this year. MultiChoice was listed on the JSE on 27 February 2019 at R95 per share...
    • Jan
    • Thread
    • anchor capital dstv johannesburg stock exchange (jse) multichoice naspers protea capital management richard cheesman
    • Replies: 14
    • Forum: Broadband and IT News
  7. Jan

    Tencent's WeChat app keeps growing despite Beijing crackdown

    WeChat grows despite China's crackdown Tencent Holdings Ltd.’s WeChat super app managed remarkable growth in services from e-commerce to payments and search over the past year, defying a government crackdown that sought to tear down barriers within China’s internet arena. Daily active users of...
  8. Jan

    Elon Musk's wealth is more than all South Africa's tech and telecoms companies combined

    Elon Musk's wealth versus South Africa's top tech companies Elon Musk’s fortune jumped by R530 billion on Monday to R4.8 trillion, which is significantly more than any South African tech company. Tesla’s share price rose 13.5% to $1,199.78 (R18,984) on Monday after fourth-quarter results...
  9. Jan

    News24's paywalls are working

    News24 and Netwerk24 grow subscriptions — raking in R11 million per month News24 and Netwerk24’s paywall subscription models have been very successful and have helped Media24 to make a strong recovery. Naspers’ interim financial statements for the six months ended 30 September 2021 revealed...
  10. Jan

    Takealot Group "nearing breakeven" with $2m trading loss

    Takealot shrinks trading loss to R31 million The Takealot Group grew revenues by 36% while decreasing trading losses to “near breakeven” of $2 million (R31 million), Naspers reported in its interim results for the six months to 30 September 2021.
  11. Jan

    Elon Musk has enough wealth to buy several of South Africa's biggest companies and get change

    Elon Musk is worth more than MTN, Vodacom, Checkers, and Absa — put together Elon Musk has so much money that he can buy MTN, Vodacom, Standard Bank, Capitec, Sasol, Absa, Checkers, Nedbank, and Woolworths — and have over R2 trillion left.
    • Jan
    • Thread
    • absa bloomberg billionaires index capitec checkers elon musk hertz mtn naspers nedbank sasol standard bank tesla vodacom woolworths
    • Replies: 52
    • Forum: Broadband and IT News
  12. Jan

    Competition Commission ecommerce inquiry public hearing slots announced

    Takealot's dominance in South Africa investigated — all the companies joining The Online Intermediation Platforms Market Inquiry (OIPMI) at the Competition Commission has released the schedule of participants for the public hearings to be on 2–19 November 2021. The Competition Commission...
    • Jan
    • Thread
    • bolt bolt food competition commission google google play naspers online intermediation platforms market inquiry takealot uber uber eats
    • Replies: 19
    • Forum: Broadband and IT News
  13. Jan

    Facebook outage shows SA government must support development of next Mxit - Minister

    South Africa needs a new Mxit — Minister South Africa’s new communications minister said this week’s outage of Facebook Inc. apps and services is a reminder the government can do more to support the development of local social-media platforms. The creation of Naspers-backed messenger service...
  14. Jan

    Naked Insurance raises R160 million in investment round

    Naked receives R160 million injection Naked has raised R160 million in a funding round led by Naspers through its tech investment vehicle Naspers Foundry. Naspers Foundry invested R120 million in Naked. The insurance technology firm’s existing investors, Yellowwoods and Hollard, also...
  15. Jan

    Chinese state media declares games spiritual opium - Tencent, Naspers, Prosus share price plummets

    Naspers hammered as China declares games "spiritual opium" Tencent Holdings Ltd. led a stocks rout after Chinese state media decried the “spiritual opium” of games, prompting the company to broach a ban for kids and triggering fears Beijing will set its sights next on the world’s largest gaming...
  16. Hanno Labuschagne

    The companies owned by Naspers

    The companies owned by Naspers Naspers has grown into a global internet giant and, in combination with Prosus, owns 58 companies worldwide. First established in 1915 as "Die Nasional Pers", Naspers was originally founded as a news media company. It had the support of prominent South African...
  17. Jan

    Naspers share price pounded as China cracks down on education, tech

    Naspers hammered on China crackdown The share prices of Naspers and Prosus have suffered major declines following news of a regulatory crackdown in China. Naspers’ share price declined from R295.30 per share on Friday to R248.75 on Tuesday — a decline of 15.8%. It reclaimed some of the losses...
  18. Jan

    Naspers CEO Bob van Dijk gets R247 million payday

    Naspers CEO Bob van Dijk paid R247 million Naspers CEO Bob van Dijk earned $16.7 million (R247.2 million) in the last financial year. This was revealed in the company’s integrated annual report for the year ended 31 March 2021. The report showed that Van Dijk earned a basic salary of $1.4...
  19. Jan

    Takealot could sell groceries in South Africa

    Takealot may start to sell groceries Takealot has an opportunity to start selling groceries in South Africa thanks to its extensive delivery and warehouse infrastructure and technology. This is the view of Naspers and Prosus chief financial officer, Basil Sgourdos. Naspers owns 100% of...
  20. Jan

    Over R14 billion in products sold on Takealot

    Takealot made R14.66 billion in sales over the last year The Takealot Group, which includes Takealot.com, Superbalist, and Mr D Food, increased revenues by 65% to US$606 million (R8.7 billion) over the last year. This was revealed in Naspers’ results for the year ended 31 March 2021, which was...
  21. J

    Naspers in bid to buy eBay classifieds business

    Naspers in bid to buy eBay classifieds business South Africa’s Naspers Ltd. and an investor group backed by German publisher Axel Springer SE are among suitors that submitted bids for EBay Inc.’s classified-advertising business, according to people familiar with the matter. Axel Springer...
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