As the alleged wrongdoing at Bishops Diocesan College shows, equating wealth with virtue is a bad idea, writes Helena Wasserman.
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The group says effectively, 100% of revenues and profits are now coming from online businesses.
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 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 says the funds will be used to reinforce its balance sheet and invest in its development businesses.
While the ANC's Yunus Carrim reiterated that Naspers chair Koos Bekker lobbied him to drop set top box encryption when he was communications minister, Bekker has dismissed accusations that he applied "improper leverage".
Naspers CEO Bob van Dijk says the multi-national giant is taking on rivals like Google, Amazon and Facebook by focusing on developing local anchors that are hard to replicate.
An analyst who specialises in cash return on assets managed takes a stab at Naspers, and asks if Koos Bekker and his team are still producing the goods.
Naspers has the financial firepower and appetite for more mergers and acquisitions, says CEO Bob van Dijk.
Naspers says its core headline earnings, a measure it considers a reliable indicator of sustainable operating performance, has grown 30% to R11.2bn, up from R8.6bn.
A real effort is needed to coordinate South Africa’s foreign investor message, Naspers chairperson Koos Bekker said on Thursday
Naspers has vowed to be transparent about its executives' earnings, the AGM heard on Friday.
The report following an investigation into alleged payments by Multichoice to ANN7 will not be published, Naspers shareholders heard.
Naspers is considering listing some businesses on the stock market to highlight their value, says CEO Bob van Dijk.
Africa has 18 people on the Forbes billionaire list for 2018, out of a record 2 208 billionaires worldwide.
Naspers shareholders have voted in favour of its remuneration policy. This comes after investor Allan Gray said it would vote against the policy, pointing to an over-reliance on its 34% stake in Tencent.
A dearth of suitably qualified and experienced staff has left SA businesses struggling to fill thousands of posts even though a large segment of the workforce is unemployed.
Naspers chairperson Koos Bekker has reduced his stake by selling stock options valued at about R20.4bn at current prices after stepping down as CEO, according to the company's annual report.
Naspers is firmly on the road to providing digital terrestrial television, according to a summary of its year-end consolidated results.
Naspers chairperson Koos Bekker says his decision to work without a salary helped him focus on the value of the company, but he wouldn’t recommend it to everyone.
Outgoing Naspers chair Ton Vosloo takes us through his 60-year journey at the multimedia giant.
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