If we are serious about growing the economy and creating jobs, we need to support these young people – even though they don't seem to expect any help or handouts, writes Melanie Verwoerd.
Showers late. Afternoon clouds. Mild.
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.
Naspers is considering listing some businesses on the stock market to highlight their value, says CEO Bob van Dijk.
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.
Naspers may have sold 190 million shares in Tencent for $9.8bn, but it remains bullish about the Chinese firm as well as growing its other businesses to scale, CEO Bob van Dijk tells Fin24.
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