MultiChoice will report a full-year headline loss per share of as much as R3.90, from earnings of R4.10 a year ago, as the result of foreign exchange losses and a decision to give additional equity to black investors at no cost.
Browsing: Naspers
When Naspers lists in Amsterdam, it will bring with it a dual shareholding structure to match or even exceed the worst practices of tech behemoths such as Facebook or Google parent Alphabet.
Naspers may be moving most of its Internet businesses to a new listing in Amsterdam, but the Cape Town-based technology investor is at pains to show it’s not abandoning South Africa.
Naspers will list on its consumer Internet business on Amsterdam’s Euronext exchange on 17 July, subject to market conditions, in a bid to unlock shareholder value.
In the podcast this week, Duncan McLeod and Regardt van der Berg discuss MTN’s decision to back down, under consumer pressure, over its plan to introduce an opt-out-only out-of-bundle service.
The Competition Commission has moved to block Naspers’s proposed R1.4-billion acquisition of a 60% stake in WeBuyCars.
Tencent Holdings’ quarterly earnings beat estimates, boosted by gains on investments, giving shareholders much-needed assurance the Chinese gaming behemoth is bound for a revival.
Picture essay | Takealot.com, the online retailer controlled by Naspers, has officially launched its flagship customer collections point on the New Road Bridge in Johannesburg.
Naspers, the most valuable company on the JSE, will prioritise investments in classifieds, financial technology and food — activities that it could possibly hive off with separate share listings in the right circumstances.
The perennial worry about European technology is that there isn’t a consumer-facing giant to rival the size of Apple, Google, Facebook and Amazon.com. In one fell swoop, it’s about to get one. Sort of.