Naspers, Africa’s biggest company by market value, is planning to sell its Polish online auction website Allegro, according to people with knowledge of the matter. The global Internet and entertainment group has hired Morgan Stanley to advise

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

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

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, 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