Browsing: Naspers

Naspers CEO Bob Van Dijk said five years of heavy e-commerce investments are bearing fruit, which should prove to investors that the assets are worth more than they think. Van Dijk is seeking to show shareholders that

Chairman Koos Bekker countered criticism that Naspers relies too heavily on its $132bn stake in Chinese media company Tencent by reminding investors that they would have been a lot poorer if he’d given in to similar pressure

Naspers has pierced the R3 000/share barrier for the first time, trading briefly at R3 001/share on Wednesday afternoon on continued optimism over China’s Tencent, in which it holds a 33.2% stake. The JSE-listed technology

Naspers shareholder Allan Gray plans to vote against the remuneration policy of Africa’s biggest company because it isn’t aligned to the performance of the business outside a stake in Chinese media giant Tencent. Naspers

Showmax and Vast Networks, the open-access Wi-Fi provider owned by Dimension Data and Naspers, have reached an agreement to provide zero-rated access to the streaming content provider’s shows and movies for

There’s only one stock in Asia that’s really mattered this year – Tencent Holdings, in which South Africa’s Naspers has a 33.2% stake. A 76% surge in its Hong Kong shares has lifted the company’s value by US$175bn (R2.3 trillion

Naspers’s conglomerate discount is widening. Its one-third stake in Tencent Holdings alone is now worth 27% more than the South African Internet company’s entire market cap. After a 70% increase in its stock so far this year

Two former high-flying IT services companies have been the laggards on the JSE in 2017 so far. EOH and Adapt IT have underperformed all other IT stocks, falling by 33.9% and 42.4% respectively to mid-August. The two companies have fallen

Alibaba and Tencent can count themselves among the world’s costliest technology companies after a stellar run. To justify those lofty valuations, China’s two largest corporations have to deliver on some of the riskiest bets they’ve