The influence of the powerful and politically well-connected Gupta family is set to grow this year with the addition to its media portfolio of a 24-hour news channel on the continent-wide DStv satellite platform, and a new prime-time slot on SABC. The owners of
Browsing: Naspers
China’s Tencent, in which JSE-listed Internet and media group Naspers holds a 35% stake, appears to have designs on the African market and is preparing to ramp up focus on South Africa and Africa more broadly with its WeChat platform. Tencent, well known in China for its QQ
Stellenbosch-based mobile social network Mxit is retrenching as much as 27% of its workforce, company insiders say. This comes just months after the exit of CEO Alan Knott-Craig, who also formerly headed up the investment vehicle World of Avatar of which Mxit is part. TechCentral has learnt
Pay television and e-commerce have paid off for Naspers in the six months ended 30 September 2012, with core headline earnings for the period rising to R4,1bn, from R3,5bn a year ago. Pay-TV subsidiary MultiChoice, which operates DStv, grew its subscriber base by 393 000 subscribers, giving it a base
It’s not all bad news at TopTV. The company has revealed that its new prepaid offering is proving successful, with the financially troubled pay-TV operator activating more than 500 prepaid vouchers a day in recent weeks. To date, TopTV says it has
MultiChoice, operator of satellite pay-television platform DStv and a unit of JSE-listed media giant Naspers, should be concerned about the financial problems at rival TopTV, owned by On Digital Media. Competition is good for consumers and it’s
Despite the gloomy economic conditions in SA and worldwide, most JSE-listed technology companies have had a whirlwind 12 months, with some share prices up by more than 50%. An investment in a selection of the country’s top technology stocks would have returned a windfall over the past
Broadcaster e.tv says the most recent draft digital terrestrial television (DTT) regulations published by the Independent Communications Authority of SA (Icasa) will make it impossible for free-to-air services to compete with DStv and other pay-TV operators. It says the draft regulations, published in July
When Naspers stumbled on a little-known Chinese Internet company in 2001, it could not have dreamed that a US$32m investment would account for more than 80% of the media conglomerate’s R200bn market cap now. Tencent Holdings is the largest Internet solutions provider in China and Naspers, which
DStv, the satellite pay-TV product owned by Naspers-controlled broadcaster MultiChoice, will launch 13 new channels, including seven new high-definition (HD) channels, on 1 October as it migrates to a new, higher-capacity satellite. MultiChoice will