Flash Briefing: Massmart CEO leaving; Naspers drags JSE lower; Trump hits shares
By Alec Hogg Here’s today’s Flash Briefing: Shares worldwide took a hit yesterday after an unexpected intensification in trade tensions between the US and China. After months of apparent progress, US...
View ArticleAmazon powers up Deliveroo to eat into global fastfood deliveries – The Wall...
It turns out that Amazon, which is constantly coming up with ways to scale up its revenues, thinks that Deliveroo's energetic riders can help fuel its bottom line. This article is exclusive to Biznews...
View ArticleOne of world’s best money managers just loves Naspers’ Tencent
Some good news for South African investors from Sweden and, in particular, that country’s top money manager, 41 year old Lisa Synning. Bloomberg published a piece on the outperforming Ms Synning over...
View ArticleFlash Briefing: Ramaphosa cabinet cull begins; Pioneer plummets; GOT set-back...
By Jackie Cameron In today’s Biznews Flash Briefing: President Cyril Ramaphosa has moved quickly to show he is serious about cleaning up his cabinet following May 8 elections. On Monday he axed...
View ArticleFlash Briefing: Telkom’s shift in focus bears fruit; Ramaphosa goes slow;...
By Jackie Cameron Here is today’s Biznews Flash Briefing: Telkom was a big mover on the Johannesburg Stock Exchange. Its share price jumped nearly 14% to an all-time high of just over R98 per share...
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Naspers sets date for Euronext listing
*This content is brought to you by Naspers The Amsterdam-listed company will have a free float of up to 27%, which Naspers believes will attract more investors to its global internet assets Naspers...
View ArticleNaspers CEO: Amsterdam listing date set, impact on SA shareholders
Naspers has taken another big step towards the listing of its international internet assets onto the Euronext stock exchange in Amsterdam. This article is exclusive to Biznews Premium. Members please...
View ArticleFlash Briefing: Cyril’s pruned Executive excites Rand; Shell seeks SA oil;...
By Linda van Tilburg Here is today’s business Flash Briefing: President Cyril Ramaphosa announced his new Cabinet last night which has been shrunk from 36 portfolios to 28 with the all important post...
View ArticleDavid Shapiro goes shopping – shares unexposed stocks he likes
On Rational Radio Live, after lambasting some of the fallen favourites, market veteran David Shapiro shared some of his own investment ideas. This article is exclusive to Biznews Premium. Members...
View ArticleInside the Naspers “value unlock” listing – The Wall Street Journal
Africa’s most valuable company, Naspers said it will list its huge internet assets in Amsterdam, in a bid to reduce the discount its shares trade at. This article is exclusive to Biznews Premium....
View ArticleFlash Briefing: Gold still gaining; Big Tech backlash; Eskom needs more cash;...
By Alec Hogg Today’s Biznews Flash Briefing: The gold price is on its longest winning streak in almost a year and a half, rising for the eighth consecutive trading session on Friday. This is the...
View ArticleNaspers goes Turkey: PayU unit to buy Iyzico in biggest fintech deal yet
By Alastair Marsh (Bloomberg) – Naspers Ltd.’s PayU agreed to buy Turkish digital payments company Iyzico for $165m in its biggest fintech acquisition yet. The deal will expand the Dutch unit’s...
View ArticleFlash Briefing: SA manufacturing growth spurt; Cape Town property plunge;...
By Jackie Cameron In today’s Biznews Flash Briefing: South Africa’s manufacturing sector has perked up, with more cars, electronics, metal products and furniture produced than expected. This is a ray...
View ArticleNaspers sees Tencent-inspired profit boost ahead of Amsterdam
By Thomas Pfeiffer (Bloomberg) – Naspers Ltd.’s full-year earnings rose by as much as a third ahead of the technology group’s planned asset spinoff in Amsterdam, a move designed to reduce its dominance...
View ArticleFlash Briefing: Bumper day for mining stocks, Naspers; Platinum producers...
By Linda van Tilburg Here is today’s Biznews Flash Briefing: South African mining stocks were driven to an almost 11 year high yesterday as iron-ore prices rallied and gold was shining due to its haven...
View ArticleBiggest Naspers investor mulls cutting R245bn stake
By Antony Sguazzin, Loni Prinsloo and Janice Kew (Bloomberg) – Naspers Ltd.’s biggest shareholder is considering whether to reduce its R245bn ($16.5bn) stake in Africa’s biggest company because of...
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MultiChoice scores with World Cup viewers
*This content is brought to you by MultiChoice The video entertainment business reduced losses from its Rest of Africa operations as it grew subscriber numbers by 17% to 7.7 million. MultiChoice used...
View ArticleFlash Briefing: Trillian’s R600m state capture hit; Ramaphosa to rescue...
By Jackie Cameron In today’s Biznews Flash Briefing: The Old Mutual share price jumped on news that its board has decided to fire its CEO Peter Moyo. The insurer suspended Moyo last month to...
View ArticleNaspers invests R30m in on-demand housekeeping service SweepSouth
By Loni Prinsloo (Bloomberg) – Naspers Ltd.’s venture capital arm backed on-demand housekeeping service SweepSouth, part of a commitment to invest almost $100m in tech startups in its home market of...
View ArticleAllan Gray’s Duncan Artus: Why I love MultiChoice – plus gold shares, Naspers...
Duncan Artus, one of the key portfolio managers and director at Allan Gray, is celebrating a decision to make hay while the foreign dumping of MultiChoice was happening. This article is exclusive to...
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