Naspers is asking Investec to withdraw an analyst report that it says contains errors and has damaged Africa’s biggest company by market value and its shareholders. In a 22 January report, Investec analysts said the Cape Town-based
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MultiChoice admitted on Wednesday that “mistakes” were made in contractual negotiations with the formerly Gupta-owned 24-news channel ANN7 and that the agreement will be terminated when the deal expires in August 2018. The channel
Regardt van der Berg is in Cape Town this week, while Duncan McLeod is holding the fort in Johannesburg. They talk, using an app called Discord, about the week’s biggest technology news, including UK Prime Minister
Irdeto, a subsidiary of JSE-listed Naspers, has acquired anti-piracy specialist Denuvo, which works with videogame giants such as Electronic Arts and UbiSoft. Denuvo provides technology and services for game publishers
Over the past five years, JSE-listed Naspers was the third-fastest growing technology stock in the world with a current market valuation above US$100bn, pipped only to the post by Tencent, in second place, in which it has a 33.2% stake
Tencent-backed Chinese start-up Kuaishou is seeking to raise funds at about a US$17bn valuation, people familiar with the matter said, as it expands its video-streaming service to Southeast Asia. The company is targeting around $1bn
John Kotsaftis, the founder and CEO of Showmax, has quit the video-on-demand streaming service provider owned by Naspers to join Fox Networks Group Asia, based in Singapore, where he will lead the development of subscription VOD
Mix Telematics was the best performing technology share on the JSE in 2017, TechCentral’s annual analysis of share price performances shows. The company, which provides fleet management and vehicle tracking services, saw its
Naspers is in talks to lead an investment of as much as R2.5bn in India’s Swiggy to increase its stake in the online food-delivery company, according to two people familiar with the matter. Africa’s biggest company by market value
Naspers CEO Bob van Dijk said Africa’s largest company will consider “structural options” if the value gap with its stake in Tencent persists. Naspers has a 33% stake in Shenzhen, China-based Internet giant Tencent, valued at