Naspers will focus on consolidating technologies and harnessing artificial intelligence across its e-commerce business after taking full control of Russia’s largest classified advertising platform in a $1.1-billion deal.
Naspers said on Friday that it is investing almost $1.2-billion (about R16-billion) to buy an additional 29.1% stake in Russian classifieds business Avito.
Naspers said on Friday that it will invest R1.4-billion to help South African technology entrepreneurs grow their start-ups and will invest R4.6-billion over the next three years in the local technology sector.
A day after announcing a plan to unbundle pay-television unit MultiChoice, Naspers’s online classifieds business OLX has made a R1.4-billion investment in specialised car-buying service Webuycars.
Naspers will invest a further $500-million into US mobile classifieds platform letgo. Duncan McLeod interviews Naspers CEO Bob van Dijk and letgo co-founder Alex Oxenford about the investment.
South African online classified websites were this week overflowing with post-Christmas offers to sell various goods. It was however unclear if they were unwanted gifts or attempts to make up for festive season overspending. A white lion skin, 18-year-old Oude Meester Souverein brandy in a gift set box, a trained Yorkie
Online advertisements promising to rehabilitate indebted consumers’ credit records for a fee are often scams, credit bureau TransUnion said on Monday. These advertisements could be found on online classified websites such as Gumtree and OLX, fraud specialist Gayle Mower
TalkCentral is back for another episode. This week, your hosts Duncan McLeod and Craig Wilson sit down to chat about a wide range of issues. We cover everything from Friday’s big Square Kilometre Array announcement to the battle between Cell C and Vodacom over tariffs. Also on the agenda this