Naspers’s video entertainment assets, which include DStv operator MultiChoice, have come under severe margin pressure as investment in ShowMax and weak currencies in many of its markets put downward pressure on its trading
Browsing: Koos Bekker
Fifteen years ago, a South African media company invested US$34m in an obscure Chinese Internet developer. Today that stake is worth $88bn. All Naspers, now Africa’s most valuable company, has to do is figure out how
As CEO of First National Bank, Michael Jordaan moved the lender into the tech era by persuading customers to manage their accounts online. One of his biggest challenges was finding enough software developers. “At the time we had severe shortages
A few feathers were ruffled at the ordinarily calm Naspers annual general meeting of shareholders on Friday, causing a former director to walk out and suggest other shareholders follow and chairman Koos Bekker to threaten to evict an activist
Naspers is facing challenges from weaker African currencies and competition from US technology operators as the continent’s biggest company by market values tries to grow its Internet and pay-TV businesses. Foreign-exchange movements
Naspers increased the compensation of CEO Bob van Dijk by 5% as the company prepares to further boost its international Internet business in the face of falling pay-television customers in sub-Saharan Africa. Van Dijk was paid US$1,67m
Technology stocks, which outperformed the market in 2015, have had a wobble in 2016, forcing many investors to question whether the high-flying tech sector is facing an implosion of the sort
Naspers chairman Koos Bekker cashed in nearly 11,7m Naspers options as the options were issued specifically as remuneration during his tenure as CEO of the company. He could not afford to
Naspers chairman Koos Bekker sold nearly 11,7m Naspers N shares recently, reducing his interest in the international media giant by more than 70%. Bekker retired as the CEO of Naspers in March last year, and took the reins as chairman from Ton Vosloo in April this year
In a resounding black economic empowerment success story, the value of the 20% investment in MultiChoice South Africa by BEE shareholders has increased by 20 times. The shares are currently trading around R170 each and, including total dividends paid to date of just