Beware of Beijing: that’s the lesson of Friday’s selloff in the shares of China’s most valuable company. Tencent – a stock-market favourite for its 66% surge this year – slid 4.9% in Hong Kong in its steepest drop since February 2016
Browsing: Naspers
This week’s podcast was recorded at Homemation in Sandton. Homemation is a specialist distributor of mid- to high-end audio/visual and home automation solutions. Show regulars Duncan McLeod and Regardt
Tencent Africa, a joint venture between China’s Tencent and South African-headquartered media group Naspers, have entered the competitive local music streaming market with a R60/month service called
Naspers shares rallied to an all-time high on Monday amid continued optimism over the growth prospects of its Chinese affiliate, Tencent. The share touched a new high of R2 873.93 in afternoon trade on the JSE, before
Naspers has awarded CEO Bob Van Dijk $10.4m in long-term share options as Africa’s biggest company by market value seeks to boost its global Internet businesses amid declining profit at the sub-Saharan
China is stepping up its scrutiny of online and mobile games, as the leading government-owned newspaper blasted Tencent Holdings’ Honour of Kings for harming children in the pursuit of profit. Tencent is one-third held by
Earlier this month, Caxton raised questions about Naspers’s complex control structure. At a Competition Tribunal hearing it contended that an inquiry was needed to determine who directs the company’s strategy. The tribunal ultimately rejected
MultiChoice parent Naspers has disclosed that it has grown the number of pay-television subscribers on its books substantially in the past year, though pressure on prices in a weak economy, coupled with
Naspers will approach investors in the US and the UK next week about a bond issue as Africa’s biggest company by market value continues its acquisition-hungry quest to expand its Internet businesses. The proceeds for the bond will shore
At the rate foreign investors are deserting South African stocks, the country’s main index should be in decline. It’s not, thanks largely to two shares that draw their strength from Hong Kong and Zurich. The JSE’s benchmark is up 0.6%