Naspers on Tuesday warned South Africans about a scam, in which criminals are trying to dupe people out of their money using the company’s name.
Naspers and Dimension Data are in talks to sell their joint venture in the country to fibre-optic infrastructure company Link Africa, according to three people familiar with the matter.
Naspers will focus on consolidating technologies and harnessing artificial intelligence across its e-commerce business after taking full control of Russia’s largest classified advertising platform in a $1.1-billion deal.
Naspers said on Friday that it is investing almost $1.2-billion (about R16-billion) to buy an additional 29.1% stake in Russian classifieds business Avito.
It’s hard to believe now that between February 2000 and October 2001, the Naspers share price fell from R96 to less than R15.
Shareholders at an unprecedented number of JSE Top 40 companies have, in the past year, voted against remuneration policies and/or their implementation.
South African stocks climbed 0.6% in the final session of 2018, paring losses for a year that’s still the market’s worst since 2008.