Browsing: Naspers

Alistair Fairweather
Is MXit worth the money?

Alan Knott-Craig Jr is looking for attention. He wants so much of it, in fact, that he’s just bought the attention of 40m people in 120 countries. Yes, I’m talking about the MXit acquisition. Last week, in a completely unexpected move, Knott-Craig swooped in and bought Africa’s biggest social

Knott-Craig speaks out on the MXit deal

World of Avatar, the technology investment vehicle headed by Alan Knott-Craig, said on Thursday it is buying social media and instant messaging platform MXit from media group Naspers and the service’s founder, Herman Heunis. But does the deal make sense?

Alan Knott-Craig buys MXit, Naspers exits

Alan Knott-Craig’s investment vehicle, World of Avatar, has signed a binding agreement to acquire 90% of Stellenbosch-based MXit for an undisclosed amount, with 10% remaining in the hands of its staff via a trust, which was set

Naspers: SA’s next telecoms operator?

Could Naspers become SA’s newest telecommunications operator? It is looking increasingly likely that the Cape Town-based media giant will commit the billions of rand necessary to do just that. Its Internet service provider subsidiary, MWeb

Justin McCarthy
Groupon or Groupcon?

Andrew Mason is the young, fresh-faced founder of Groupon, the fastest growing start-up in history. Fresh-faced youngsters running tech start-ups are hardly a rare breed in Silicon Valley, but Mason is a native of Pittsburgh and Groupon is based in Chicago, both a far cry

SA broadband a ‘tragic story’ – Koos Bekker

Naspers MD Koos Bekker has lamented the lack of broadband in SA, describing it as a “tragic story” created by a decade of poor regulation. Speaking on Talk Radio 702’s The Money Show with Bruce Whitfield on Monday evening, Bekker

Take2 rebrands, shoots for R1bn in sales

Just seven months after being acquired by international hedge fund company Tiger Global Management, Cape Town-based e-retailer Take2 has changed its name to Takealot and is talking up a plan to generate R1bn in annual sales within five years. CEO Kim Reid

Ex-Google SA boss hired by Naspers

Former Google SA country manager Stephen Newton has been hired by Naspers to head up the JSE-listed media group’s e-commerce platforms. As the CEO of the segment, Newton will responsible

Roux takes reins at Naspers’s MIH

Long-serving Naspers executive Antonie Roux has taken the reins at MIH Group, the JSE-listed media group’s biggest subsidiary. MIH holds all of Naspers’s electronic interests, including pay-TV operator MultiChoice

Telkom uncapped? Bring it on, says MWeb

MWeb CEO Rudi Jansen says the Naspers-owned Internet service provider is expecting Telkom to begin offering uncapped broadband soon over its fixed-line network. But he says he’d welcome

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