Coronavirus lockdown: JSE plunge ‘worst on record’, global economy in crisis;...
By Jackie Cameron South Africa’s benchmark stock index plummeted the most on record after President Cyril Ramaphosa’s declaration of a national state of disaster over the coronavirus outbreak, reports...
View ArticleCovid-19 cases up to 1,326, 3 dead; Naspers gives R1.5bn to Covid fund; SA...
By Jackie Cameron Covid-19 cases are up to about 1330, and three deaths have been reported. Naspers has joined donors digging deep to help the SA government prop up businesses as coronavirus...
View ArticleInside Covid-19: China shows SA “normality” 10 weeks away; World loses $500bn...
Welcome to episode eight of Inside Covid-19 where we get an on-the-ground report from Shanghai to assess the timeline for South Africa to get back to some normality, and hear from the United Nations...
View ArticleNaspers defies stock slump as Covid-19 lockdown spurs demand for online...
By Adelaide Changole (Bloomberg) – A bad start to the year for stocks? That hasn’t applied to Naspers, as the coronavirus confined hundreds of millions of consumers indoors, driving demand for online...
View ArticleCovid cases up to 1,353; SA trade surplus; Naspers jumps; SA leads Africa in...
By Jackie Cameron Covid-19 update: 1,353 confirmed cases in South Africa, the Minister of Health Dr Zweli Mkhize said late on Tuesday. For the latest information on the coronavirus pandemic, listen to...
View ArticleNaspers delivers 275,600 KN95 masks and 100,000 face shields
Naspers media statement: Naspers announced that its first shipment of personal protective equipment (PPE) has arrived in South Africa, following the company’s commitment of R 1,5bn in emergency aid to...
View ArticleFrom Naspers, Tencent and Prosus to Investec, ABSA and Capitec – David...
In what is clearly a difficult and murky period for markets, SA's favourite market analyst David Shapiro believes that patience will be required in the next few months as the upside will take some...
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MultiChoice meets maiden dividend pledge
*This content is brought to you by MultiChoice The lockdown pushed more subscribers its way and it is now ready to add streaming services from Netflix and Amazon Prime to its DStv platform. MultiChoice...
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Naspers subsidiary Prosus was strong until Covid-19: trading statement
Prosus, controlled by Naspers, has warned that Covid-19 could have negative impacts on some operations. Prosus was spun out of Naspers in September to shift the South African company’s dependence on...
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Naspers stock watch: Tencent share price surges towards record high
Chinese stock market darling Tencent has been a significant force behind the Naspers share price. The Tencent holding was moved to Prosus, which became Europe’s biggest listed consumer internet firm...
View ArticleNaspers: Tencent, e-commerce fuel double-digit revenue gains
Naspers media statement: Naspers Limited (JSE: NPN; LSE: NPSN) today announced its results for the twelve months ended 31 March 2020 Group highlights for the period The complete results and commentary...
View ArticleState capture specialists back at Zondo; SAA; Naspers results; Zimbabwe stock...
By Jackie Cameron The Zondo Commission into State Capture has resumed after proceedings were halted because of the Covid-19 lockdown three months ago. The inquiry is hearing evidence in connection...
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Naspers pushes SA stocks back into recovery
By Adelaide Changole (Bloomberg) — South Africa’s benchmark equities index is set to erase its 2020 drop, staging a spectacular snap-back from its March trough following a surge in shares of market...
View ArticleGovt’s SAA plan: ask pension funds for help; world closer to Covid-19...
By Nadim Nyker A coronavirus vaccine could be approved this year. The hopeful news comes after a flurry of trials have shown promising results. According to Bloomberg, Marco Cavaleri, head of...
View ArticleTrump’s WeChat ban shaves 10% off Naspers pillar Tencent – Wall Street Journal
Tencent loses $45bn in market value as Trump bars US entities from transacting with its popular social media app, WeChat. This article is exclusive to Biznews Premium. Members please login here. Not...
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Naspers to invest R1.4bn in next-generation SA tech start-ups – AGM
Naspers Limited, the multinational Internet group which is known for its principal operations in Internet communication, entertainment, gaming and e-commerce, held its 106th annual general meeting...
View ArticleCell C sheds stores, jobs; Tiger Brands; Naspers; wine industry in crisis
By Jackie Cameron Cell C has blamed the changing retail environment for a decision to shed stores and jobs. It said on Friday it expects to close around 128 stores across the country, with 546 jobs on...
View ArticleAlec Hogg: Naspers investment on notice as risk rises
Alec Hogg shares his rational perspective on Naspers, a stock that has appreciated over 25% since its introduction to the BizNews portfolio. This article is exclusive to Biznews Premium. Members...
View ArticleSneak peek at BizNews share portfolio; other investment ideas
The BizNews share portfolio has performed exceptionally well since inception, fuelled largely by the selection of stocks that have benefited from the booming digital economy. The portfolio details are...
View ArticleAlec Hogg: South Africans should thank God for Koos Bekker (and Tencent)
Alec Hogg shares his rational perspective on Koos Bekker, the former Naspers CEO who took a 'brave and brilliant punt' on TenCent This article is exclusive to Biznews Premium. Members please login...
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