Browsing: Naspers

Naspers, Richemont shield JSE from foreign exodus

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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%

Call for Naspers to unbundle Tencent

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Albert Saporta, a director of Geneva-based investment advisory firm AIM&R has written an open letter to Naspers CEO Bob van Dijk accusing him of destroying R334bn of shareholder value since his appointment more than three years ago

Who really controls Naspers?

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Listed printing and publishing company Caxton on Wednesday presented its understanding of the Naspers control structure which, if true, would mean the end of the Keeromstraat-Nasbel voting pool that currently controls the Naspers group. Caxton argued this

Naspers-backed start-up targets $500m IPO

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Naspers investment Delivery Hero, a Berlin-based food takeout business backed by Germany’s Rocket Internet, announced plans to list on the Frankfurt stock exchange in the next few months to fund expansion in an increasingly

Gov’t reverses course on TV encryption

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Government is set to back encryption in digital terrestrial television, a sharp reversal of its position on the contentious subject, following the appointment of a new communications minister last month. Last week, political journalist

MWeb sale to IS gets regulatory nod

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The Competition Commission has recommended the approval of Internet Solutions’ (IS’s) acquisition of Internet service provider MWeb. IS said in December 2016 that it would get into the retail ISP game with its

Shuter shakes up MTN management team

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MTN Group senior executive Stephen van Coller said his role has been changed to head of digital services at Africa’s biggest wireless operator, seven months after he joined the company as head of strategy. The former investment banking