Africa’s largest company just chalked up another major investment coup. Naspers has netted a cool US$1.6bn profit from the sale of its 11% stake in Indian e-commerce startup Flipkart, a deal almost as lucrative
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Walmart is close to finalising a deal to buy a majority stake in India’s leading e-commerce company for at least $12bn and may complete the agreement in the next two weeks, according to people familiar with the matter
Just 16 months after demonetisation forever changed the way Indians pay for things, WhatsApp is set to disrupt the market yet again. With more than 200m Indians already using its messaging, WhatsApp is piloting a
Naspers plans to expand in education software as Africa’s biggest company by market value searches for a repeat of the profitable bet it made on China’s Tencent. The owner of Africa’s biggest pay-television
Naspers’s video entertainment and Internet businesses showed strong growth in revenue in the year to March 2015, but earnings were once again underpinned by Chinese Internet group Tencent. This as the group
Naspers said on Monday that its core headline earnings, a measure the board considers a reliable indicator of sustainable operating performance, grew by 30% to R11,2bn, up from R8,6bn in 2014
Pay television and e-commerce have paid off for Naspers in the six months ended 30 September 2012, with core headline earnings for the period rising to R4,1bn, from R3,5bn a year ago. Pay-TV subsidiary MultiChoice, which operates DStv, grew its subscriber base by 393 000 subscribers, giving it a base