Despite some short-term potential headwinds, there may be a long-term investment case to be made for the pay-television operator. By Renier de Bruyn.
Browsing: Investment
The perennial worry about European technology is that there isn’t a consumer-facing giant to rival the size of Apple, Google, Facebook and Amazon.com. In one fell swoop, it’s about to get one. Sort of.
Naspers CEO Bob van Dijk has been working for years to solve a problem rivals might envy – getting investors to value the South African firm nearer to its $133-billion stake in Tencent. A plan for a Dutch listing is his boldest step yet.
TechCentral editor Duncan McLeod spoke to Naspers chief financial officer Basil Sgourdos about the group’s plans to list its international consumer Internet businesses in Amsterdam and what happens next.
It’s not even the end of the first quarter and already there’s a plethora of once-significant South African companies that have either collapsed or had their share prices hit the wall.
Tencent Holdings’ quiet recovery has turned dramatic, leaving traders to wonder whether there’s a hidden reason behind the stock’s latest leg up.
Aerobotics, a Cape Town-based company that pairs drone and satellite imagery with artificial intelligence to help farmers improve their yields, has announced it has expanded a its Series-A funding round.
Shares in Mustek climbed in early trade on Tuesday after the ICT company said it expects headline earnings per share to rise by as much as 25% in the six months ended 31 December 2018.
Google parent Alphabet reported thinner profit margins as the Internet giant spent heavily to expand its cloud and YouTube businesses. The company’s shares slipped in late trading.
Apple has reported a decline in both revenue and profits in its latest quarterly financial results, as the company feels the pinch from slowing demand for its star product, the iPhone.