A day after announcing a plan to unbundle pay-television unit MultiChoice, Naspers’s online classifieds business OLX has made a R1.4-billion investment in specialised car-buying service Webuycars.
Of the 10 companies worth more than $100-billion that analysts predominantly rate as buy, Tencent – 31.2% owned by South African-listed Naspers – has by some distance had the worst 2018.
Naspers CEO Bob van Dijk, together with Naspers video entertainment CEO Imtiaz Patel and MultiChoice South Africa CEO Calvo Mawela, held a media call on Tuesday morning to discuss the plan to unbundle MultiChoice. Listen to it here.
Business confidence has declined to the lowest level this year as industries raised concern about policy uncertainty, including the ruling party’s plan to change the constitution.
Netflix won the most Emmy awards of any TV network on Monday night, capping a sudden and dramatic rise to the top of the entertainment industry for a company that got its start as a DVD-by-mail operation.