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Naspers smashes share price barrier

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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

Naspers spending to knock earnings

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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

Tencent boom for Naspers

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Naspers’s decision, 12 years ago, to buy a stake in Chinese instant-messaging, entertainment and online advertising company Tencent continues to pay big dividends for the South African-headquartered media and technology group. Financial results published on Tuesday

DStv, Internet lift Naspers

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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

Naspers rides Tencent to Internet fortune

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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

Roux takes reins at Naspers’s MIH

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Long-serving Naspers executive Antonie Roux has taken the reins at MIH Group, the JSE-listed media group’s biggest subsidiary. MIH holds all of Naspers’s electronic interests, including pay-TV operator MultiChoice

Naspers fends off pay-TV threat, for now

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Pay-TV competition? What pay-TV competition? Naspers-owned MultiChoice grew its SA subscriber base by 450 000 to 2,8m homes in the 2010 financial year. And it added 1,1m new subscribers in other African markets. SA consumers, it would appear, weren’t tempted to put off their purchasing decisions until after the May launch of On Digital Media’s TopTV, the first direct competitor to MultiChoice