When faced with such a strong influx from investors, even sell-side analysts have thrown in the towel, upgrading their price targets to chase after the stock surge.
Browsing: Naspers
Naspers is looking at ways to reduce its dominance of the JSE, an issue that is hampering efforts to narrow a widening valuation gap between the company and its stake in Chinese Internet giant Tencent.
South Africa’s main share index jumped 2.1% as of 10.07am in Johannesburg, setting a fresh intraday record, as Naspers was lifted by a surge in partly owned Chinese online giant Tencent.
Cape Town-founded agritech start-up Aerobotics has raised $17-million in a series-B funding round led by Naspers.
Prosus is investing in agritech company DeHaat in a bet on India’s $350-billion farming industry. The group led a series-C funding round of $30-million that DeHaat will use to expand.
Dimension Data is looking for a buyer for its Mweb Internet service provider business and has appointed Standard Bank to lead the sale process, TechCentral has learnt from an impeccable source.
Prosus is on the lookout for acquisitions after the Dutch e-commerce giant reported a 28% rise in first-half earnings and a net cash position of US$4.3-billion.
Naspers has agreed to invest R45-million for a stake in online learning platform The Student Hub, which helps TVET colleges overcome physical infrastructure constraints.
Prosus, the giant investor in online classifieds, food delivery and payments, expects to report a 16.9% to 22.7% growth in earnings per share for the six months to the end of September, it said on Monday.
MultiChoice Group has expanded its repertoire with an agreement to buy a 20% stake in Africa-focused sports-betting platform BetKing for as much as R1.8-billion.