MultiChoice Group soared 16% in debut trading in Johannesburg as the pan-African pay-TV company embarks on a new era of independence following a spin off by technology giant Naspers.
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MultiChoice Group made its market debut in Johannesburg on Wednesday morning as a JSE Top40 company with a market capitalisation of about R44-billion shortly after 9am.
Uber Technologies is in talks to sell its Uber Eats operations in India to rival Swiggy, less than two years after it entered the country’s competitive food-delivery business, according to a person familiar with the negotiations.
Naspers on Tuesday warned South Africans about a scam, in which criminals are trying to dupe people out of their money using the company’s name.
Naspers and Dimension Data are in talks to sell their joint venture in the country to fibre-optic infrastructure company Link Africa, according to three people familiar with the matter.
In the podcast this week, Duncan McLeod and Regardt van der Berg discuss why Facebook is planning to make WhatsApp, Messenger and Instagram interopable and the implications of the move.
Naspers will focus on consolidating technologies and harnessing artificial intelligence across its e-commerce business after taking full control of Russia’s largest classified advertising platform in a $1.1-billion deal.
Naspers said on Friday that it is investing almost $1.2-billion (about R16-billion) to buy an additional 29.1% stake in Russian classifieds business Avito.
It’s hard to believe now that between February 2000 and October 2001, the Naspers share price fell from R96 to less than R15.
Multichoice Africa Group will list in the “broadcasting and entertainment” sector on the main board of the JSE on 27 February 2019, the pay-TV operator said in a statement after markets closed on Monday.