The Budget presents a dilemma to the unions. Mboweni himself grappled with the conflicting demands, writes Mpumelelo Mkhabela.
Naspers has concluded the disposal of its 11.18% stake in Indian commerce company Flipkart.
While electronic commerce only makes up 2% of the overall retail sector in South Africa, it is growing faster than the traditional retail sector.
Naspers has sold its entire 11.18% stake in India’s largest e-commerce marketplace, Flipkart, to Walmart, scoring a healthy R27.7bn.
Naspers announced on Friday that its core headline earnings grew by 72% to R33.6bn as the company released its financial results for the year to 31 March 2018.
Naspers group CEO Bob van Dijk has told Fin24 that the company intends to continue investing in e-commerce companies, which give Naspers good returns for shareholders' money.
Cape WinelandsO'Dwyer Personnel
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