Browsing: Allan Gray

Chairman Koos Bekker countered criticism that Naspers relies too heavily on its $132bn stake in Chinese media company Tencent by reminding investors that they would have been a lot poorer if he’d given in to similar pressure

Naspers shareholder Allan Gray plans to vote against the remuneration policy of Africa’s biggest company because it isn’t aligned to the performance of the business outside a stake in Chinese media giant Tencent. Naspers

Net1 UEPS Technologies, the group whose subsidiary, Cash Paymaster Services, controversially manages South Africa’s welfare payments system, has terminated the services of its former CEO, Serge Belamant, it said on

Net1 UEPS Technologies’ two largest shareholders, the International Finance Corp and Allan Gray, have expressed shock at the whopping R265m golden handshake that outgoing CEO Serge Belamant will be paid.

Allan Gray, one of South Africa’s biggest money managers, said it’s “increasingly concerned” over the running of Net1 UEPS Technologies, a company whose lending practices to people on welfare have been criticised as unethical by

Net1 UEPS Technologies’ second biggest shareholder said that if the company concludes a new welfare distribution contract with the South African Social Security Agency it would welcome further controls on how payment