Naspers’s biggest shareholder is considering whether to reduce its R245-billion stake in Africa’s biggest company because of concern it’s overexposed to a single stock, sources said.
Naspers will list on its consumer Internet business on Amsterdam’s Euronext exchange on 17 July, subject to market conditions, in a bid to unlock shareholder value.
It’s no surprise that Internet and media group Naspers on Friday announced a US$1,2bn (R16bn) deal to become the largest shareholder in Avito, the leading online classifieds platform in Russia, Mof Terreblanche, a director of Stonehage Investment Partners, said on Friday
Riding high on the growing fortunes of Tencent, in which it holds a 34% stake, Naspers smashed through the R2 000/share barrier in morning trading on the JSE on Monday. It’s the first time the technology and media giant has reached the R2 000/share milestone
Tencent continues to underpin the Naspers growth story, with the Chinese company contributing a stronger-than-expected R6,2bn to the JSE-listed group’s core headline earnings in the six months to end-September 2014. Indeed, the Internet segment remains the fastest growing part of the Naspers stable and
Naspers has reported a 65% improvement in revenue from its Internet business on the back of robust performances from Tencent, Mail.ru and its e-commerce businesses. The more mature pay-television business, housed in MultiChoice, also delivered impressive numbers, with revenue rising by 20%. Trading profit, however
Internet and media giant Naspers has smashed the R1 000/share barrier in early morning trade on Friday, propelled higher by weakness in the rand – the currency has tumbled to four-year lows this week – and insatiable investor interest in China’s Tencent, in which it owns a one-third stake