US$100m, or over R1bn. That’s the amount South African e-commerce site Takealot has raised from Tiger Global Management, an international investment company, according to a report on US website TechCrunch. Takealot CEO Kim Reid CEO says Tiger Global has been a shareholder in Takealot since its inception
Browsing: Naspers
As I step into a rather ordinary looking building in the drab Johannesburg suburb of Rivonia, I get the sense there is a buzz in the air, even though there’s no one about as I walk past an unmanned reception desk. Stuck on the desk is a handwritten note instructing interns to head upstairs. That’s where Gareth Cliff, until recently the host
Naspers was the darling of the JSE in 2013, contributing a full 4,2% of the total market performance of 18% last year. But we believe that, although it may be a great business, Naspers does not represent a good investment. Investors seem to be pricing the share for perfection, and then some. Eager to gain access to the Chinese market, via
Shares in South African-headquartered media, communications and e-commerce giant Naspers leapt higher on Wednesday on the back of strong results from China’s Tencent, in which it holds an approximate one-third stake. Naspers was trading up by more than 8,5%
In the days following this week’s general election – the most interesting since 1994 – the focus will shift to who president Jacob Zuma will name to his new cabinet. Whatever shuffling he decides to do, he should leave the communications portfolio in the hands
Long-term MultiChoice and Naspers executive Eben Greyling is stepping down to “take a break” and to “pursue new interests”. Greyling had been with Naspers for more than 18 years in various roles. He leaves with immediate effect, with Jim Volkwyn, the previous head of the group’s pay-television segment, taking the reins from
Naspers-owned comparison shopping site PriceCheck has inked a deal with MTN that will see the release of a co-branded version of the site’s mobile application in South Africa. The two companies claim the deal is the country’s first between a mobile operator and an e-commerce company. The co-branded app will feature
MultiChoice “cannot speak for the poor” and “has no mandate from them”. It also can’t speak for consumers, from whom it makes “super profits”. That’s the latest broadside directed against MultiChoice by the ministry of communications as the war of words between the Naspers-owned pay-television operator and communications minister
Communications regulator Icasa this week kicked off a high-level formal inquiry into the state of competition in South Africa’s information and communications technology sector. In the coming months, the authority, which regulates the telecommunications, broadcasting and postal services sectors, has promised
Shares in JSE-listed technology and media group Naspers took a battering on Friday as investors turned sour on Tencent, the fast-growing Chinese communications and e-commerce company that owns chat programs WeChat and QQ. Reuters reported that Naspers’s shares were off by their biggest one-day