South African shares are about to round off their strongest quarter in almost two decades, and the influence of the coronavirus pandemic is clear to see in the shares most responsible for driving the market higher.
Browsing: Naspers
Naspers affiliate Tencent is buying certain assets of iFlix, a struggling streaming platform with about 25 million users focused in South and Southeast Asia.
In this podcast, TechCentral is joined by Alen Ribic, co-founder of SweepSouth, the on-demand home cleaning company that last year raised R30-million in a funding round from Naspers.
Chinese technology giant Tencent Holdings will invest about R1.2-trillion over the next five years in technology infrastructure including cloud computing, artificial intelligence and cybersecurity.
Naspers and an investor group backed by German publisher Axel Springer are among suitors that submitted bids for eBay’s classified advertising business, according to people familiar with the matter.
Naspers has agreed to invest R100-million in South African agriculture-technology start-up Aerobotics, which uses artificial intelligence and drone and satellite imagery to help farmers manage crop health and predict crop yields.
Naspers-backed cryptocurrency platform Luno is in talks about expanding in Kenya and Ghana to extend its African footprint, as bitcoin rallies 99% over the past two months amid the coronavirus pandemic.
In a bid to keep its subscriber base engaged, MultiChoice South Africa has announced various offers to its clients, including free access to 600 Udemy online courses until 31 July.
Indian food delivery start-up Swiggy said on Monday it would lay off 1 100 employees, or nearly 14% of its workforce, to cut costs, as a weeks-long nationwide lockdown hits demand.
Takealot.com CEO Kim Reid said on Friday that if the e-commerce company were to take government to court to challenge its continued ban on e-commerce, it would win – but he hopes it won’t be necessary.