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MultiChoice targets African growth with listing
*This content is brought to you by MultiChoice The video entertainment group says it will focus on returning its loss-making operations outside of South Africa to profitability as it prepares for a...
View ArticleNaspers bonus! Tencent back in the game as China grants licences
EDINBURGH — Naspers investors were breathing a sigh of relief after news emerged that the big freeze on gaming licences in China has started to thaw. But their joy was premature after Tencent, the...
View ArticleNaspers ups stake in Russian-based Avito with $1.16bn investment
Naspers media statement Naspers’ Classifieds business, OLX Group, announced today an investment of $1.16bn, at an implied enterprise value of $3.85bn, to acquire a further 29.1% stake in Avito, the...
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Naspers’ Koos Bekker: Ultimate insider’s view of Davos, Facebook, MultiChoice...
DAVOS — After I switched off my recorder, Koos Bekker suggested there was enough in our half hour chat in Davos for me to edit it down to something usable. He was wrong. Despite strictly applying the...
View ArticleFlash Briefing: Naspers spends big in Russia; Brexit hits London houses hard;...
Turnover in the London housing market has fallen to its lowest level since the Global Financial Crisis ten years ago. This article is exclusive to Biznews Premium. Members please login here. Not yet...
View ArticleOnline classifieds proving to be a golden egg for Naspers
JOHANNESBURG — Online classifieds are, often, quite an unassuming corner of the internet. They’ve been around for years and fundamentally played their part in weakening advertising demand for printed...
View ArticleNaspers spins off MultiChoice at initial value of R42bn
Multichoice press statement: MultiChoice Group Limited (MCG) today listed on the Johannesburg Stock Exchange (JSE). The listed MCG includes MultiChoice South Africa (MCSA), MultiChoice Africa Holdings...
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Ed Herbst on new R3.5m boost for SA investigative journalism
JOHANNESBURG — If it wasn’t for investigative journalists, much of what we know today of state capture and other private and public sector corruption would not have made light in South Africa. Having...
View ArticleNaspers completes MultiChoice unbundling; unlocking value for shareholders
Naspers media statement Naspers is pleased to confirm the successful unbundling of its shares in MultiChoice Group (MCG) to Naspers shareholders following the listing of MCG on the Johannesburg Stock...
View ArticleReplicating Tencent blockbuster? Naspers earmarks $1bn for India fintech drive
By Loni Prinsloo (Bloomberg) – Naspers Ltd. wants to spend about $1bn in India this year as it scours the globe for investments that can replicate its blockbuster bet on China’s Tencent Holdings Ltd.,...
View ArticleNaspers joins Apple in Silicon Valley as it ups the ante – The Wall Street...
As Naspers continues to scale up, its bosses have decided it is time to build the brand among the world's tech giants and promising innovators. This article is exclusive to Biznews Premium. Members...
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Naspers shares jump on its Amsterdam listing news
LONDON — Naspers shares jumped to a seven month high this morning on news the group is to list its global internet interests on the Amsterdam Stock Exchange. The new company, which will include the...
View ArticleNaspers to list assets in Amsterdam – bonanza for SA shareholders, taxman
The Naspers deal required approval by the South African Reserve Bank and will generate a R1bn windfall for the country in share transfer tax. This article is exclusive to Biznews Premium. Members...
View ArticleFlash Briefing: JSE struggles; Lyft IPO this week; Naspers bets big; Smiles...
By Alec Hogg Here are today’s global headlines: Ride-hailing company Lyft Inc will IPO later this week with investors seemingly undeterred at the Uber rival’s heavy annual losses which reached $911m...
View ArticleNaspers windfall for SA – and our two minute Election survey
In between engagements with investors and coping with demands of global media, Naspers CEO Bob van Dijk connected with me yesterday to explain a headline grabbing decision to list the group’s offshore...
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Naspers may not deliver the big bucks Europe tech is hoping for
LONDON — When we think of tech companies, Silicon Valley and its unicorns; Apple, Facebook, Google and Uber come to mind and not far behind the land of the geeks, is China with Alibaba and Baidu. But...
View ArticleFlash Briefing: Naspers pulls up JSE; Kieswetter to run SARS; China’s shades...
By Alec Hogg Today’s global business news headlines: Chinese president Xi Jinping’s six-year anti-corruption campaign claimed one of its biggest scalps yesterday in former head of Interpol, Meng...
View ArticleFlash Briefing: Eskom sheds growth forecast; Sibanye strike over; 5G Apple;...
By Alec Hogg In today’s global business news headlines: The South African Reserve Bank says the damage done by state capture is worse than previously understood. The central bank says it has become...
View ArticleFlash Briefing: Bidding war for Moz gas giant; PSG at 20% discount; Rand...
By Alec Hogg In today’s global business news headlines: Energy group Anadarko Petroleum, which owns huge tracts of gas reserves in Mozambique, has become the subject of a bidding war. US major...
View ArticleNaspers swaps India for China; shares in MakeMyTrip for stake in Ctrip
Naspers media statement Naspers announced today an exchange of its stake in MakeMyTrip Limited (“MakeMyTrip”) (NASDAQ:MMYT) for a 5.6% stake in Ctrip.com International Limited (“Ctrip”) (NASDAQ:CTRP),...
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