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Media24 plans to close multiple newspapers and magazines in a move that is set to cost over 500 jobs. Men’s Health and Runner’s World are among the titles earmarked for closure.
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 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 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
The late Monday afternoon announcement that online fashion retailers Spree and Superbalist would merge ought not to have caught anyone unawares. Both e-commerce players are already majority owned by Naspers: it owns
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 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
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