The relief sought by the NMF was misconceived and the court's approach therefore correct, writes Serjeant at the Bar.
High level clouds. Mild.
It appears there will be more buying of Naspers shares over the next few days, says a market analyst.
Prosus made a strong start to its first trading day in Amsterdam and Johannesburg.
Brand-new company Prosus, which now owns all of Naspers’ international internet assets, will make its debut on the Euronext bourse in Amsterdam.
The dominance of Naspers over the South African stock market is about to be reduced - partially at least.
Naspers CEO in South Africa Phuthi Mahanyele-Dabengwa told shareholders at the internet solutions giant’s annual general meeting in Cape Town on Friday that the company had great interest in finding and investing in local internet-based ventures.
Meesho describes itself as a "social commerce online marketplace" that lets independent build small businesses by "connecting them with suppliers to curate a catalog of goods and services to sell" over social media.
The media and internet giant is aiming to list its international internet assets on the Euronext Amsterdam exchange, with a secondary inward listing on the JSE.
Mahanyele-Dabengwa will be based in Johannesburg and report directly to the group CEO of Naspers, Bob van Dijk.
Naspers had scheduled the Prosus listing for July 17. It now plans to list in September, following a shareholders meeting in mid-August.
SweepSouth, founded in 2014, connects clients with domestic cleaners.
The JSE rallied on Wednesday on the back of broad-based gains across all the major indices which were inspired by gains across most global stocks.
Naspers is all set to list internet assets including Tencent Holdings in Amsterdam after valuing the newly created group at about R1.5 trillion.
An analysis by Moody's of 18 rated companies in South Africa shows that liquidity levels are adequate, but are weakening.
Naspers CFO Basil Sgourdos told Fin24 that the internet giant appreciated the 'resounding vote of confidence' from shareholders as an exciting development in the company's history.
Naspers shareholders have voted to support a resolution for the proposed spinoff and Amsterdam listing of the company's international technology interests.
The couple convicted and sentenced for the murder of former financial director of Naspers Eric Wiese have a string of convictions to their name, with the man believed to be the mastermind out on parole at the time of the killing.
Naspers has announced that Phuthi Mahanyele-Dabengwa, the former executive chairperson of Sigma Capital, will lead its SA operations.
South African investors have been caught up in a dramatic contrast in the first half of 2019: a stumbling economy, but a stock market that raced to its best start in 12 years.
The group says effectively, 100% of revenues and profits are now coming from online businesses.
Naspers’s biggest shareholder is considering whether to reduce its R245bn stake in Africa’s biggest company because of concern it’s overexposed to a single stock, according to people with knowledge of the matter.
Cape TownHyperion DevelopmentR10 000.00 - R30 000.00 Per Month
Cape Town CBDElite SourcingR15 000.00 Per Month Per Month
Cape TownTumaini ConsultingR600 000.00 - R700 000.00 Per Year
Apartments / Flats
R 1 550 000
R 4 150 000
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