Less than three months after topping R3 000 for the first time, Naspers’s share price on Monday touched the R4 000 level on Monday afternoon as shareholder optimism over Chinese Internet
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Pay-television operator MultiChoice has appointed a new CEO of its South African operation. Calvo Mawela will take the reins from Mark Rayner, who is being shifted into the role of chief operating
Tencent, in which South Africa’s Naspers holds a 33% stake, rose to a record high after posting accelerated sales growth and topping the most optimistic of analyst estimates. The shares climbed 2.3% to a
Tencent has posted its strongest growth in more than seven years, riding the success of games like Honour of Kings and a rapidly expanding Internet advertising business. Shares in Johannesburg-listed Naspers, which owns a third of
The story of the JSE so far this year has mostly been the story of Naspers. The media giant’s share price has gained over 75% in 2017 and accounts for the majority of the index gains year to date. It follows that unit trust funds
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Naspers is keen to continue its search for e-commerce and tech investments, with Africa’s biggest company happy to deploy a sizeable war chest in its hunt for deals. “We have several billion in cash and
China’s Tencent Holdings, in which JSE-listed Naspers owns a one-third stake, has bought 145.8m non-voting shares Snap, saying it plans to work closely with the social media company. In an SEC filing on Wednesday, the Snapchat
Showmax is now available on Sony’s popular PlayStation 4 and PlayStation 4 Pro gaming consoles through a dedicated app, the Naspers-owned video-streaming company said on Wednesday. The app is currently only available in
Naspers said on Tuesday that its fintech investment division, PayU, is leading a funding round worth up to $115m in Remitly, an independent digital remittance company focused on the North American market. The Series D funding