Browsing: Souq

Online retail store has been growing at a compound rate of 107% for the last four years as younger South Africans slowly but surely become more comfortable with online shopping. Despite this rapid growth

JSE-listed media and e-commerce giant Naspers has announced it will invest R960m in South African e-retailer Takealot Online – which owns and other assets – in the process taking a majority stake in the company. In a statement has agreed to buy Dubai-based online retailer, whose shareholders include Naspers and Tiger Global Management, betting that e-commerce in the Middle East is poised to take off. The US e-commerce and India’s Flipkart Online Services have walked away from talks to acquire Dubai-based after disagreeing over price, according to two people with knowledge of the matter. The e-commerce business is now seeking

Naspers plans to expand in education software as Africa’s biggest company by market value searches for a repeat of the profitable bet it made on China’s Tencent. The owner of Africa’s biggest pay-television is in talks to acquire Dubai-based online retailer for about $1bn (R14,2bn) in a deal that will give the e-commerce giant a footprint in the high-growth Middle East market, according is weighing a bid for a stake in Dubai-based online retailer as the e-commerce giant seeks to expand in the Middle East, according to people with knowledge of the matter. The stake

Naspers’s video entertainment and Internet businesses showed strong growth in revenue in the year to March 2015, but earnings were once again underpinned by Chinese Internet group Tencent. This as the group

Naspers said on Monday that its core headline earnings, a measure the board considers a reliable indicator of sustainable operating performance, grew by 30% to R11,2bn, up from R8,6bn in 2014