Browsing: Koos Bekker

News
Shifting fortunes in IM market

A month ago, Bloomberg proclaimed the chairman of Tencent, Ma Huateng, to be China’s richest man, with a wealth of US$13bn based on Tencent’s Hong Kong-listed shares, of which he owns 10%. His family name Ma means horse, so the Internet

News
Koos Bekker steps down as Naspers CEO

It’s the end of an era. Naspers has announced that its long-serving CEO, Koos Bekker, 61, is stepping down as CEO. Bekker, who will stand down from the Naspers board for a year, will be succeeded by the media and technology group’s head of e-commerce

News
Naspers spending to knock earnings

A focus on developing classifieds websites and building digital terrestrial television networks in Africa will lead to a big increase in development spending by Naspers in the second half of its current financial year, the media and Internet group said on Tuesday

News
Naspers shakes up its board

Naspers has announced a number of changes to its board of directors reflecting the rapid expansion of its subsidiary MIH Holdings, which now accounts for most of the group’s market value, and the relative decline in contribution by its traditional print assets. In a statement

Duncan McLeod
The astonishing rise of Naspers

Naspers is within a whisker of smashing through R1 000/share for the first time and reaching a market capitalisation of R400bn thanks to an 80%-plus surge in its share price in the past 12 months. The growth in its value in recent years has been nothing short of

In-depth
MultiChoice may face antitrust probe

Naspers-controlled pay-TV operator MultiChoice, which owns DStv and SuperSport, may soon face a probe by South Africa’s competition authorities after rival On Digital Media (ODM), which owns TopTV, accused it of anticompetitive abuses. TechCentral can reveal exclusively

Duncan McLeod
Could Naspers buy Telkom?

Six months after Sprint announced it was in talks to sell 70% of its equity to Japan’s SoftBank for US$20bn, Dish Network Corp, a US direct-to-home satellite pay-TV operator with 14m subscribers, has put in a bid of $25,5bn to buy the wireless communications firm. It’s a move

News
And now for the Gupta news

The influence of the powerful and politically well-connected Gupta family is set to grow this year with the addition to its media portfolio of a 24-hour news channel on the continent-wide DStv satellite platform, and a new prime-time slot on SABC. The owners of

In-depth
Naspers rides Tencent to Internet fortune

When Naspers stumbled on a little-known Chinese Internet company in 2001, it could not have dreamed that a US$32m investment would account for more than 80% of the media conglomerate’s R200bn market cap now. Tencent Holdings is the largest Internet solutions provider in China and Naspers, which

News
Naspers Internet pioneer Antonie Roux dies

The man who helped pioneer media giant Naspers’s online expansion, Antonie Roux, passed away in a hospital in Germany in Sunday after undergoing surgery. He was 54. Roux, who was a former CEO of Internet service provider MWeb, joined the Naspers group as a junior technician in 1979 and was a founding member of pay-TV