WORLDVIEW: Understanding Apple’s share price surge – it’s all about China,...
Apple’s share price hit a record $159.75 yesterday, taking its surge since the latest quarterly results to an impressive 6%. This is a BizNews Premium article. Please login or subscribe to read.
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Jackson Mthembu’s emotive claims about the media unpacked – Herbst
Veteran journalist Ed Herbst CAPE TOWN — One could argue that contesting outrageously false claims made for obvious political gain is a waste of journalistic time. That’s a narrow and naïve view...
View ArticleWEBINAR: SA Champions – Brait the laggard as Naspers, Discovery, Glencore shine
The Biznews SA Champions portfolio is up 5 percent year to date inclusive of costs, lagging the JSE Top 40 which is up 11% exclusive costs. This is a BizNews Premium article. Please login or subscribe...
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Naspers shares soar as Tencent results smash analysts’ expectations
By Lulu Yilun Chen (Bloomberg) — Tencent Holdings Ltd. posted a quarterly profit that surpassed all estimates as its marquee title Honour of Kings drove a 54 percent surge in mobile gaming revenue....
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Allan Gray is dead wrong – Naspers CEO earns his salary, and then some
LONDON — Once upon a time, Allan Gray was South Africa’s most admired money manager. I’m not so sure anymore. It has been almost a decade since the late Simon Marais and his right hand Stephen...
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Warts and all: Pro-Zupta Manyi described as ‘birthday present’ for ANN7
JOHANNESBURG — It didn’t take long for analysts yesterday to deconstruct pro-Zuma supporter Mzwanele Manyi’s ‘purchase’ of ANN7 and The New Age from the Guptas. Manyi’s shelf company Lodidox ‘bought’...
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Koos Bekker to Naspers’ shareholders: You’re richer because of Tencent
JOHANNESBURG — At a shareholders’ meeting on Friday, Naspers managed to beat off a bid to reject the company’s pay policy by securing 79% of a vote to approve the move. During the week, critics had hit...
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Media’s political affiliations vital in assessing Ramaphosa’s affair – Herbst
Veteran journalist Ed Herbst JOHANNESBURG — If you look at the Zuptoid-fawning editors and owner of Independent Newspapers, and the ANC’s own version of NP master propagandist and fake news generator,...
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Decade of underperformance: Liberty’s Stanlib eyes closing down some funds
JOHANNESBURG — News about Liberty-owned Stanlib looking to close down some of its equity funds will probably spark further debate about the relevance of money managers. Already, the likes of more...
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Knife’s Keet van Zyl: What a successful VC investor looks for in an entrepreneur
LONDON — In a relatively short time, Knife Capital has established a reputation as one of South Africa’s most astute early stage venture capital investors, having shepherded a number of tech startups...
View ArticleWEBINAR: Biznews SA Champions – 3 firecrackers but Brait an awful disappointment
LONDON — The Biznews SA Champions portfolio, which was launched in January this year, has a very specific mandate. We believe in South Africa’s people. And its entrepreneurs. But we are also deeply...
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Old Firm: Running the rule through KPMG, Bitcoin collapse and FW
LONDON — In this edition of the Old Firm, David Shapiro and I talk about KPMG’s growing problems – and what happens next; disagree on the bonus paid to the Naspers CEO; revisit David’s dark experiences...
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Licensed to trade: SA’s first black controlled stock exchange gets green light
LONDON — After a 17 month wait, South Africa’s first black controlled stock exchange has been licensed by the Financial Services Board. Built using the once market dominant OTC platform, Equity...
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Bitcoin bounty hunters: Stellenbosch tech firm cracks down on content pirates
JOHANNESBURG — Long before the Bitcoin hype began to bite in recent months, a Stellenbosch outfit called Custos was already looking at how to tap the so-called ‘Blockchain’ to catch out content...
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Walmart outbids Amazon as Naspers pockets $2.2bn from Flipkart sale
JOHANNESBURG — Walmart seems to have got one over it’s rival Amazon after it agreed to buy a controlling stake in Flipkart, India’s biggest online retailer. Both were embroiled in a bidding war as the...
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Great work (again) Naspers: Flipkart deal delivers 265% profit for shareholders
By Alec Hogg As Naspers accounts for over 20% of South African equity portfolios, some analysts have raised concerns that the national savings pot is too heavily exposed to a single company. Which is...
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Naspers CEO Bob van Dijk: Earmarking the $12bn cash pile; and cutting share...
Naspers poses a conundrum for South African investors. A wildly successful investor, Naspers' underlying asset value far exceeds its market cap. Yet even trading at a 40% discount to the value of just...
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SA crypto exchange Luno nears 2 million global customers, wins top UK tech award
JOHANNESBURG — Backed by the likes of Naspers and Rand Merchant Investment Holdings, South African linked cryptocurrency exchange Luno – which started in the Cape – has expanded rapidly over the past...
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From the Editor’s Desk: Elon Musk, Naspers, and a hack attempt at Biznews
There was plenty of news out about Tesla CEO Elon Musk this week and we covered it all, but not everyone appreciated our perspective. We also take a look at the Naspers Flipkart sale, the Iran nuclear...
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Was Naspers right to sell out of Flipkart? Ask founder of $100bn Vision Fund
By Alec Hogg Investment pundits are digesting Walmart’s record breaking deal last week when it acquired control of India’s ecommerce leader Flipkart. In South Africa, too, where fund managers are...
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