naspers

  1. J

    Good performance from Takealot and Mr D Food

    Good performance from Takealot and Mr D Food Naspers has released its interim results for the six months ended 30 September 2019, showing impressive revenue growth for Takealot and Mr D Food. "In South Africa, Takealot solidified its position as the country’s leading B2C platform, growing GMV...
  3. J

    Naspers' Amsterdam helps out South African investors

    Naspers' Amsterdam helps out South African investors The dominance of Naspers Ltd. over the South African stock market is about to be reduced -- partially at least. And that’s good news for a number of fund managers concerned about the tech giant’s weighting in the main local index. After...
  4. J

    Naspers will name its global Internet group Prosus

    Naspers will name its global Internet group Prosus Naspers has announced that its new global consumer Internet group, previously known as "NewCo", will be called Prosus. The newly-named group will list on Euronext Amsterdam in September, in addition to an inward listing on the JSE.
  5. J

    Naspers signs up for Facebook's new cryptocurrency

    Naspers signs up for Facebook's new cryptocurrency Facebook Inc. made a renewed push into payments on Tuesday, announcing plans for a cryptocurrency called Libra. It will be governed by the Libra Association, a group of companies that will have an equal say in how the cryptocurrency is...
  6. J

    Naspers sees profit boost ahead of spinoff

    Naspers sees profit boost ahead of spinoff Naspers Ltd.’s full-year earnings rose by as much as a third ahead of the technology group’s planned asset spinoff in Amsterdam, a move designed to reduce its dominance of Johannesburg’s stock exchange. Core headline earnings per share, which strip...
  7. J

    Naspers convinces local investors it is not abandoning South Africa

    Naspers convinces local investors it is not abandoning South Africa Naspers Ltd. may be moving most of its internet businesses to a new listing in Amsterdam, but the Cape Town-based technology investor is at pains to show it’s not abandoning South Africa. The creation of the still generically...
  8. J

    Naspers schedules shareholder meeting to discuss NewCo

    Naspers schedules shareholder meeting to discuss NewCo NewCo, Naspers' proposed new global consumer Internet group is set to be discussed with shareholders on 28 June in Cape Town. Naspers hopes to list the new group on the Euronext Amsterdam exchange on 17 July. The company also plans on...
  9. J

    Naspers reportedly in talks to sell VAST networks

    Naspers reportedly in talks to sell VAST networks Naspers Ltd. and a South African unit of Nippon Telegraph & Telephone Corp. are in talks to sell their joint venture in the country to fiber-optic infrastructure company Link Africa, according to three people familiar with the matter. Investec...
  10. J

    Naspers leads R7.7-billion investment in edtech startup

    Naspers leads R7.7-billion investment in edtech startup Naspers announced it has led a $540 million investment in BYJU'S, the creator of the most popular K-12 learning app in India. The company said the investment will drive BYJU'S development of tech learning products, with the startup...
  11. J

    The 8 companies on which Naspers spent R28 billion

    The 8 companies on which Naspers spent R28 billion Naspers has released its financial results for the year ended 31 March 2018, which shows that the company invested $2.2 billion (R29.65 billion) in new opportunities. During the year, Naspers strengthened its position in online food...
  12. J

    Why Naspers sold its stake in Tencent

    Why Naspers sold its stake in Tencent Naspers on Thursday said it would sell as much as 190 million Tencent shares, equal to 2 percent of Tencent’s total issued share capital. [Bloomberg]
  13. J

    Naspers to sell 2% of its stake in Tencent

    Naspers to sell 2% of its stake in Tencent South African media company Naspers is cashing in a sliver of one of the greatest venture-capital investments ever. [Bloomberg]
  14. J

    Naspers is looking to buy more tech companies

    Naspers is looking to buy more tech companies Naspers is keen to continue its search for e-commerce and tech investments.
  15. J

    Naspers buys $775-million stake in Delivery Hero

    Naspers buys $775-million stake in Delivery Hero Naspers agreed to pay 660 million euros ($775 million) to boost its stake in Germany’s Delivery Hero.
  16. Newsfeed

    Naspers wants approval to buy AutoTrader

    Naspers wants approval to buy AutoTrader Naspers is seeking Competition Commission approval to buy AutoTrader, according to a report by Fin24.
  17. J

    Naspers chairman defends $132-billion stake in Tencent

    Naspers chairman defends $132-billion stake in Tencent Chairman Koos Bekker countered criticism Naspers relies too heavily on its $132 billion stake in Chinese media company Tencent.
  18. Newsfeed

    Joox music streaming service from Naspers launched at R60 per month

    Joox music streaming service from Naspers launched at R60 per month Naspers and Tencent have launched their Joox streaming service in South Africa, offering a catalogue with over 3 million songs.
  19. J

    Weak currencies and expensive content hurts Naspers' video businesses

    Weak currencies and expensive content hurts Naspers' video businesses Naspers has released its annual financial report for the year ended 31 March 2017, which showed that its operating losses*increased to $360 million (R4.65 billion).
  20. Newsfeed

    Naspers reveals how Takealot is crushing Bidorbuy and eBay

    Naspers reveals how Takealot is crushing Bidorbuy and eBay Naspers recently released its financial results for the year ending 31 March 2017, which includes information about Takealot’s dominant position.
  21. Kevin Lancaster

    MWEB’s surprising price tag

    MWEB’s surprising price tag Naspers has revealed that it sold MWEB to Dimension Data division Internet Solutions for $10 million (around R130 million) earlier this year.
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