Of the 10 companies worth more than $100-billion that analysts predominantly rate as buy, Tencent – 31.2% owned by South African-listed Naspers – has by some distance had the worst 2018.
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Discarded by its globe-trotting parent Naspers after more than three decades, African pay-television heavyweight MultiChoice Group is facing an uncertain future.
MultiChoice South Africa CEO Calvo Mawela is confident the pay-television broadcaster can arrest the decline in the number of lucrative DStv Premium bouquet customers on its books.
Naspers CEO Bob van Dijk, together with Naspers video entertainment CEO Imtiaz Patel and MultiChoice South Africa CEO Calvo Mawela, held a media call on Tuesday morning to discuss the plan to unbundle MultiChoice. Listen to it here.
A day after announcing a plan to unbundle pay-television unit MultiChoice, Naspers’s online classifieds business OLX has made a R1.4-billion investment in specialised car-buying service Webuycars.
Naspers has announced it plans to list its video entertainment business on the JSE while at the same time unbundling the unit to shareholders.
Tencent bought back shares for a second day on Monday after its first repurchase in four years spurred speculation the battered Internet behemoth may do more to support the stock.
Two of South Africa’s most popular e-commerce sites have announced the success of a merger that will create the largest online fashion offering in South Africa.
TechCentral’s interview with Naspers CEO Bob van Dijk and letgo co-founder Alec Oxenford was the website’s most popular podcast in August 2018, according to statistics from platform partner iono.fm.
A charm offensive by Naspers directors quelled shareholder discontent at this year’s AGM, but corporate governance and remuneration remained high on shareholders’ agendas.