While SweepSouth is only a platform connecting previously unemployed and underemployed domestic workers looking for work with opportunities, it wants to ensure that the domestic workers who make use of its services are prepared should COVID-19 spread further in South Africa.
Financial advisors Golman Sachs and JP Morgan will each be paid a little over R122 million, while Investec will see only R2.6 million in the fees it will take to get Prosus spun out of parent company Naspers.
Despite having relatively similar market caps, Naspers has a far bigger weighting in the Top40 index than British American Tobacco. Simon Brown explains why this is the case – and why investors should understand it.
Naspers plans to carve out its internet businesses, including a $133bn stake in China’s Tencent Holdings, that has long exceeded the technology investor’s own market value.
Media24 announced on Monday former Old Mutual Wealth and Investments chief financial officer Mobasheer Patel would be taking over as the company’s new chief financial officer.
A retailer, a tobacco company and a media group.
Naspers sold 189,978,300 shares in Tencent for the equivalent of R115 billion. Business Insider rounded up a list of things the company could do with the proceeds from the sale.
Holding too much of a single stock – even if it is a star performer – is never a good idea.
Internet and media giant Naspers makes up almost a quarter of the JSE’s Share-Weighted Index. What does this mean for those wanting to beat the market?
Simon Brown refuses to overpay for a stock. But sometimes a quibble over just a few cents can see you losing out on a fantastic opportunity.
Just because a company – or market – has had a good run, doesn’t mean this will remain the case, writes PSG Wealth’s Schalk Louw. To illustrate this, he looks at comparative data of the top ten performing shares and countries, respectively.
Naspers-backed cryptocurrency platform Luno is planning to increase its workforce by almost 60% to expand its South African headquarters as Bitcoin once again breaches $10 000.
Naspers on Monday announced that it is creating a new company that will hold all its overseas internet companies.
South Africa's most valuable company, Naspers is listing with A2X, the JSE's rival next week. That single counter will push the new bourse into high-flying territory.
Product comparison and discovery platform PriceCheck has opted to diversify its offering to e-commerce consumers, by giving customers a platform to discover more products.
Following this market axiom could end up costing you in the long term.
Many analysts believe the media and e-commerce giant still has tremendous growth potential. But critics point to numerous concerns that they say make investment in the stock a risky proposition.
Naspers CEO Bob van Dijk and members of the Multichoice board, held a press conference on Wednesday. Van Dijk dismissed allegations that Multichoice made questionable payments to the formerly Gupta-owned ANN7 news channel.Watch.
It is vital to ensure that you don’t have too much exposure to any one stock – if it loses value, it would spell ruin for your portfolio. But what happens if one of the stocks is a star performer? Simon Brown shares some tips on reducing your concentration risk.
While the current economic environment in South Africa is tough, the country nevertheless boasts a number of quality stocks that are (still) likely to perform well in future.
Cape TownE-Merge IT RecruitmentR600.00 - R650.00 Per Hour
Cape TownTumaini ConsultingR460 000.00 - R600 000.00 Per Year
Western CapeTechnology Specific cc t/a MVCR10 450.00 Per Month
R 5 750 000
Apartments / Flats
R 1 750 000
R 3 700 000
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