Naspers CFO plans 'significant investments' in coming months

2018-12-02 09:49

Naspers has its sights set on acquisitions as Africa’s largest company by market value targets “significant investments” for its $10bn cash pile in the next couple of months, Chief Financial Officer Basil Sgourdos said.

Naspers posts 29% increase in revenue in half-year results

2018-11-30 15:23

The multinational media group released its half-year interim results on Friday afternoon.

Across Boundaries: Vosloo's open-mindedness tends to pragmatism, not principle

2018-11-20 08:47

While Ton Vosloo makes vast overstatements, such as that "the newspapers of the Press always offered dissenting voices the opportunity to be heard", his overall case is convincing, writes Christi van der Westhuizen.

Naspers jumps most since 2014 on double boost from MSCI, Tencent

2018-10-31 14:37

Naspers soared the most in close on four years Wednesday as investors got two pieces of good news.

Media must be diligent about its independence - Ton Vosloo

2018-10-15 11:21

"The biggest lesson for journalists today is that you have to be diligent about your independence – also the media bosses, must have the conviction to stand up against injustice," says former Naspers chair Ton Vosloo.

JSE falls as global stock rout continues

2018-10-11 18:36

Following a tech led sell-off in the USA on Wednesday, Asian markets slumped in Thursday’s trading which saw the Shanghai Composite Index fall 4.8%, while the Hang Seng and Nikkei lost 3.54% and 3.89% respectively.

Unbundling of MultiChoice weakens Naspers business diversity - Moody's

2018-09-19 18:22

The decision by Naspers to unbundle its video entertainment operation is credit negative for lenders, says ratings agency Moody's, while S&P says the transaction's rationale appears sound.

Naspers announces R1.4bn OLX Group investment in Webuycars

2018-09-18 09:41

Webuycars was founded in 2001 by Faan and Dirk van der Walt and grew into a business that sells close to 3000 motor vehicles each month.

AI fundamentally important to Naspers strategy - CEO

2018-08-25 06:15

E-commerce is outpacing Naspers’s traditional media businesses and the group is focusing on innovation in the areas of artificial intelligence and machine learning, said CEO Bob van Dijk.

Koos Bekker talks land reform, policy uncertainty at Naspers AGM

2018-08-24 17:51

Naspers chairperson Koos Bekker says that government policy uncertainty will have an impact on foreign investment, which is needed to create jobs in SA.

 

Naspers eyes more opportunities in food delivery

2018-11-30 19:57

Naspers is focusing on expanding in the food delivery space, and the internet and media group is also still bullish about its growth prospects through its stake in Chinese tech giant Tencent, says CFO Basil Sgourdos.

Ferial Haffajee: Television’s great disruptor gets disrupted

2018-11-29 15:10

Has 2018 marked the beginning of the end of MultiChoice as we know it?

Flipkart disposal impacts Naspers interim earnings per share

2018-11-19 19:23

Naspers is finalising its condensed consolidated interim report for the six months ended 30 September 2018.

Naspers to invest R4.6bn in SA tech firms

2018-10-26 16:27

Naspers says it will spend about R4.6bn on new and existing technology companies in South Africa, a sign of support as the country seeks to woo fresh investment.

Relief for global stocks sees JSE close firmer

2018-10-12 18:41

Tencent Holdings which has broken stock market records on the course of its sell-off over the past couple of weeks, ricocheted to close 8.01% higher.

Naspers leads losses on the blue-chip index

2018-10-10 18:24

The bearish sentiment in Tencent has not spared Naspers on the JSE which is also under a sharp sell-off. In today’s session Naspers slumped 6.47% to close at R2656.98 per share.

Set free by Naspers, MultiChoice plots its path

2018-09-18 19:54

Discarded by its globe-trotting parent Naspers after more than three decades, African pay-TV heavyweight MultiChoice Group is facing an uncertain future.

Tencent steps up share buyback in first repurchases since 2014

2018-09-11 14:26

Tencent has bought back shares for a second day after its first repurchase in four years spurred speculation the battered internet behemoth may do more to support the stock.

Naspers: We have heard investor concerns over transparency, salaries

2018-08-24 19:31

Naspers has vowed to be transparent about its executives' earnings, the AGM heard on Friday.

Naspers working to reduce exposure to JSE

2018-08-24 15:48

Naspers is working to reduce its exposure to Johannesburg’s stock exchange as it seeks to narrow its valuation gap with flagship asset Tencent.

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