New ShowMax tool promises 75% data savings

2016-08-24 12:24

Local internet television streaming service ShowMax has launched a bandwidth capping tool that promises to cut data consumption by as much as 75%.

ShowMax turns one

2016-08-19 08:42

As ShowMax marks its first anniversary it has clocked up 10 million views, equivalent to 700 years' worth of TV shows and movies.

China's WeChat takes on WhatsApp in Africa

2016-07-24 13:07

Late to the party, WeChat, China's biggest Internet-based mobile messaging platform, is scrambling to get a piece of the action in the booming African market.

Naspers names former HBO exec as Showmax CFO

2016-07-05 13:54

Naspers has named Akash Bhatia chief financial officer of its Showmax video streaming business as Africa’s biggest company by market value expands the service.

Naspers profit climbs on Tencent, e-commerce boost

2016-06-24 18:44

Chinese internet giant Tencent and e-commerce businesses have helped lift Naspers’ revenues by 6% to $12.2bn for the financial year ended March 31 2016.

Naspers expects rise in core headline earnings

2016-06-15 16:02

Internet and media giant Naspers says it expects higher core headline earnings but that its full-year earnings could be up to 25% lower than the prior period.

Naspers to sell Polish auction website - source

2016-06-10 08:30

Naspers, Africa’s biggest company by market value, is planning to sell its Polish online auction website Allegro, according to people with knowledge of the matter.

Naspers invests $60m in US learning startup Udemy

2016-06-02 16:47

Naspers, Africa’s biggest company by market value, invested $60mn in online-learning provider Udemy.

New ‘Netnuus’ app serves up Afrikaans news

2016-06-02 07:24

Media24’s digital publishing arm has launched a new Afrikaans news app dubbed ‘Netnuus’ for Android and Apple smartphone users.

Tencent in talks to buy Hay Day, Clash of Clans company

2016-05-24 07:12

Tencent - which Naspers has a 34% stake in - is in talks to buy a majority stake in gamemaker Supercell Oy from SoftBank, the Wall Street Journal has reported.


Rand retreats on US rate hike prospects

2016-08-22 19:03

The rand has continued its retreat against a strengthening dollar as rekindled expectations of a near-term rate rise kept investors cautious.

Andreij Horn named as new head

2016-07-28 15:37

Media24 has announced that Andreij Horn is the new head of South Africa’s largest digital media company Digital Media.

Naspers increases CEO's pay to R24m

2016-07-24 11:20

Naspers increased the compensation of its chief executive officer Bob van Dijk by 5% as the company prepares to further boost its international internet business in the face of falling pay TV customers in Sub-Saharan Africa.

Naspers CEO looks at internet business as PayTV declines

2016-06-26 10:50

Naspers is seeking to further boost its international internet business as it grapples with falling PayTV subscription numbers in sub Saharan Africa.

Naspers - game on

2016-06-16 11:00

Gaming should remain a key driver of Naspers' continued growth over the medium term, says a portfolio manager.

ShowMax lands on DStv Explora decoders

2016-06-14 14:30

DStv subscribers now have the option to watch ShowMax internet TV on decoders.

JSE a mixed bag on economic data

2016-06-08 14:16

The JSE was at midday a mixed bag, with industrial and financial shares sharply down but resources and gold reacting solidly on good economic news for China and higher commodity prices.

Bitcoin price surges on SA-linked exchange

2016-06-02 15:11

Demand for cryptocurrency Bitcoin has soared in the last week with prices surging just over 20% on South African linked exchange BitX.

Naspers market cap hits R1 trillion

2016-05-31 11:16

The share price of Cape Town headquartered internet and media giant Naspers hit the R2 300 mark, resulting in a market capitalisation of R1 trillion.

Naspers gains to month high on Russia unit, rand

2016-05-16 14:36

Naspers has climbed to the highest in a month after its Russian classified-ads unit reported a rise in revenue and on the back of a weakened rand.

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