Naspers gets it right second time: sending mail to the right addresses
By Loni Prinsloo and Janice Kew (Bloomberg) – Naspers Ltd. has corrected a problem that forced Africa’s biggest company to delay a planned listing of internet assets in Amsterdam, sending mail to the...
View ArticleNaspers leads $125m fundraise for Meesho
Naspers media statement Meesho, an online marketplace that is revolutionising e-commerce for Indian entrepreneurs and consumers, announced today the closing of a $125m fundraise led by Naspers, with...
View ArticleNHI hammers Discovery, Aspen; Junk priced in; Rand falls; investment banks...
By Jackie Cameron Moody hasn’t said it, but investors already think it: South Africa’s credit is junk. That’s according to Bloomberg, which says the market is pricing in a downgrade. The risk premium...
View ArticleTencent quarterly revenue misses estimates; Naspers shares slip 2%
By Lulu Yilun Chen (Bloomberg) – Tencent Holdings Ltd.’s quarterly revenue missed estimates after its hit game Peacekeeper Elite failed to compensate for disappointing ad growth or deter hard-charging...
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Is Naspers overly dependant on Tencent? – ROAM expert seeks clarity
Investing perceptions lie in the hands of the investor, and as Ted Black has experienced, his views aren’t always favoured by the masses. More so when the analysis he puts together is on one of the...
View ArticleNaspers shareholders give Prosus listing green light
By Loni Prinsloo (Bloomberg) – Naspers Ltd. received enough votes from shareholders to proceed with an Amsterdam listing of assets including a $125bn stake in Chinese internet giant Tencent Holdings...
View ArticleEskom split in 3-5yrs; Trade contracts further; Pensioners fight prescribed...
By Alec Hogg Eskom says it will take three to five years to fully effect a proposed split into three units after which its sole monopoly will be managing the national transmission infrastructure. The...
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Naspers capitalisation could be taxing
*This content is brought to you by Naspers SA investors taking up stock in Prosus when it lists next month may be liable for capital gains tax. Naspers has cautioned investors on the tax implications...
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Naspers prepares for $100bn Prosus listing
*This content is brought to you by Naspers Naspers says the top 10 consumer internet giant will have an estimated market capitalisation of $100bn on day one. Naspers says Prosus will have a market...
View ArticleANC shock over Watson death; Bell Pottinger man dies; SA tax revolt risk;...
By Jackie Cameron The ANC has expressed its shock at the death of corruption-accused Bosasa CEO Gavin Watson. Watson died in a car accident near OR Tambo International Airport on Monday. A case of...
View ArticlePhuthuma Nathi shareholders get R1.5bn in dividends
MultiChoice media release: MultiChoice South Africa (MCSA) today declared a dividend to Phuthuma Nathi (PN) shareholders of R1.5bn, an increase of 13.6% from 2018. The additional 5% share allocation...
View ArticleNaspers Amsterdam foray eases pain for South African fund managers
By Adelaide Changole (Bloomberg) – The dominance of Naspers Ltd. over the South African stock market is about to be reduced – partially at least. And that’s good news for a number of fund managers...
View ArticleKoos Bekker’s next re-invention – FT
It is all systems go for the listing of Prosus; the international assets of Naspers on the Amsterdam stock exchange next week. This article is exclusive to Biznews Premium. Members please login here....
View ArticleXenophobia crackdown – 600 arrests; Moyo-Manuel battle continues; MTN R5m...
By Jackie Cameron South African authorities are cracking down on the perpetrators of a series of xenophobic attacks that left at least 12 people dead, Police Minister Bheki Cele said. The police have...
View ArticleProsus NV soars, as much as 32%, on Amsterdam debut
By Loni Prinsloo and John Bowker (Bloomberg) – Investors piled into Naspers Ltd.’s newly listed internet unit, which holds assets including a lucrative stake in Tencent Holdings Ltd., sending its...
View ArticleBasil Sgourdos: Prosus listing has unlocked $20bn for Naspers shareholders
Naspers Group CFO Basil Sgourdos told Alec Hogg how the decision to list the group's global internet assets in the now Dutch listed company Prosus, has unlocked more than $20bn for shareholders. This...
View ArticleDavid Shapiro: Praising Naspers, blasting Sasol, Old Mutual, Aspen
South Africa's favourite market commentator, Sasfin Securities deputy chairman David Shapiro, was at his best in this week's episode of Rational Radio. This article is exclusive to Biznews Premium....
View ArticleProsus soars on debut; Friend in Moody’s; Shake the Baobab tree; SA/UK trade...
By Linda van Tilburg Shares in Prosus, the Naspers spin-off which includes the groups 31% stake in Chinese tech giant Tencent, surged on its debut on the Euronext stock exchange in Amsterdam jumping...
View ArticleKokkie Kooyman weighs in on Discovery debate – spots 6.9% divi stock
Kokkie Kooyman shares his perspectives on the debate around Discovery's accounting policies which sent the highly rated group's share price down to a five year low. This article is exclusive to...
View ArticleBest of BizNews Radio: Prosus soars; Absa CEO; IMF bailout unnecessary; Chair...
The Naspers spin-off, Prosus arrived with a bang in Amsterdam with its share price soaring and we have CFO Basil Sgourdos explaining what will happen next. The interim CEO of Absa, Rene van Wyk looks...
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