Browsing: Media24

Q&A with Naspers CEO Bob van Dijk

Naspers published interim results on Friday for the six months ended 30 September 2018. TechCentral editor Duncan McLeod spoke to group CEO Bob van Dijk on various aspects of the JSE-listed media and technology giant’s latest financial report.

Naspers bags all of Takealot

Naspers has acquired Tiger Global Management’s stake in South Africa’s largest e-commerce retailer Takealot, and now owns an effective 96% (91% fully diluted) of the business. This was revealed in its provisional

E-retailers Superbalist, Spree to merge

Media24 and Takealot will merge their online fashion stores Spree and Superbalist to create a new platform for the sale of fashion goods on the Internet. The new venture will be held 51% by Media24, Spree’s current

Media24 fined millions for price fixing

Media24 has agreed to pay R14m as a settlement agreement with the Competition Commission after admitting to price fixing and fixing of trade conditions in the media industry. The tribunal began its investigation in late

Huffington Post to be launched in SA

The Huffington Post, the left-leaning American news aggregator and blog site, is to be launched in South Africa in partnership with Naspers subsidiary Media24. The site will go live in November. The partnership was announced on Friday

Media24 offloads INET BFA for R150m

Media24 is selling financial and market data feeds provider INET BFA to financial markets technology specialist IRESS for R149,6m in cash. The acquisition of INET BFA will add to IRESS’s trading, market data, portfolio

Lessons from Moneyweb vs Fin24

Despite the fact that South Africa’s Copyright Act was promulgated nearly 40 years ago, there are relatively few instances in which South African courts have been called upon to interpret the provisions of the act. Judgment in the recent Moneyweb

Why e-commerce is lagging in SA

Every online shopper in South Africa knows the inconvenience of waiting impatiently for a courier to arrive. The package could arrive now, just now or now-now – that is about as precise as your information about the delivery time will be. Given that

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