The battle to remove Gordhan and ultimately President Cyril Ramaphosa from office is in full swing, writes Adriaan Basson.
Tstorms early. Morning clouds. Mild.
Prosus said in the statement that it received valid acceptances of the final increased offer of 158 037 Just Eat Shares, representing approximately 0.02 per cent of the issued share capital of Just Eat.
Naspers Foundry is set to unveil new investments before the end of the year, in what is a drive to support entrepreneurs in the local tech sector,
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.
The global media giant says its shares have been approved to trade on A2X stock exchange with effect from December 27, 2018.
The multinational media group released its half-year interim results on Friday afternoon.
Naspers has vowed to be transparent about its executives' earnings, the AGM heard on Friday.
Naspers CEO Bob Van Dijk tells Fin24 the company will continue investing in electronic commerce providers.
Naspers shares rose following reports of expected ore earnings growth boosted by the sale of its 2% stake in Tencent, Bloomberg reports.
Naspers group CEO Bob van Dijk says the company's investment in the media sector would be in line with changes in how news is produced and consumed.
Prosus has appealed to food delivery group Just Eat to accept its offer and reject that of rival Takeaway.com, which it branded risky.
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 has announced that Phuthi Mahanyele-Dabengwa, the former executive chairperson of Sigma Capital, will lead its SA operations.
Naspers Chief Executive Officer Bob van Dijk has been working for years to solve a problem rivals might envy – getting investors to value his South African firm nearer to its $133bn stake in Tencent.
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.
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.
Naspers is considering the listing of certain parts of its sprawling global media and technology business outside South Africa as the continent’s largest company by market value seeks to reduce its size.
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.
The ratings agency has said the sale of 2% of the Chinese internet giant's shares by Naspers will help it strengthen its balance sheet to fund the scaling of its e-commerce operations, without incurring more debt.
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