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
Browsing: Naspers
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
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
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