When there is a deep valuation discount and pressure from its investors, Naspers can’t really time market tops and must appease with cash handouts instead.

Eskom said most of its workforce is in place following unlawful industrial action, though generation capacity has yet to improve.

The arm of South African Internet giant Naspers sold almost $4-billion worth of stock in JD.com that it got as dividends from investee Tencent.

Unlawful industrial action at Eskom’s power stations means South Africans will have to continue to endure stage-4 load shedding until at least Wednesday night.

Takealot Group, which includes South Africa’s biggest e-retailer, Takealot.com, increased revenue by 27% in the past year, and remained near breakeven during the period.

Ether and bitcoin reached their highest levels in 10 days on Sunday as the market showed some signs of stabilisation.

Shares of China’s Tencent fell as much as 2.5% after Prosus and Naspers said they would gradually sell shares in the firm.

Prosus and Naspers plan to sell down the massive 28.9% stake Prosus holds in Chinese Internet giant Tencent.

Promoted | Reliable and affordable telecommunications services have never been more vital to our national economic and social resilience.

Communications minister Khumbudzo Ntshavheni has blamed the recent floods in KwaZulu-Natal and parts of the Eastern Cape for a delay in the roll-out of digital set-top boxes.