Prosus expects to write off the equivalent of R11.8-billion and has asked its directors on the board of social media platform VK to resign.
Browsing: Naspers
Naspers Foundry said on Tuesday that it will invest R15-million in Cape Town-based Floatplays, an “on-demand earned wage access platform”.
Tencent denied talk that it’s facing a major regulatory crackdown in China, issuing an unusually aggressive public response. Shares in Naspers still tanked.
Naspers has closed its OLX in South Africa, saying the move was done so it can focus its customer proposition fully on its property and motor vehicle platforms.
Prosus CEO Bob van Dijk has purchased about $10-million of the company’s shares on the open market.
MTN Group had a barnstorming 2021. The telecommunications group, despite its size, was the best performer among technology shares in South Africa last year.
Naspers Foundry has invested R54-million in car subscription company Planet42 as part of a R91-million total equity funding round.
SweepSouth, the on-demand home cleaning company backed by Naspers, has acquired 100% of FilKhedma, an Egyptian start-up.
South Africa recorded R557.9-billion of foreign direct investment inflows in the third quarter of 2021.
Meta Platforms has responded to the news last week that several South African publishers are dragging it and Google to the Competition Commission.