Browsing: Naspers

Pay TV slows, Internet grows at Naspers

Multinational media company Naspers released its interim results for the six months to 30 September on Tuesday. They show subsidiary Multichoice has enjoyed far slower growth than in 2010 but the group’s Internet interests are expanding rapidly and accounting

Telkom confirms faster broadband plans

In notes accompanying its interim financial results, released on Monday, Telkom has confirmed that by 2015 the slowest broadband package on its fixed-line network will offer download speeds of up to 2Mbit/s, from 384kbit/s now, and up to 40Mbit/s at the top end. The company has also

Duncan McLeod
The show’s starting

Telkom did something last week no one thought it ever would: its Internet service provider, TelkomInternet, jumped onto the uncapped broadband bandwagon, adopting a market trend started 18 months ago by its rival, MWeb. The news came as a

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

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