Naspers has announced it is investing a further US$250m (about R3,9bn) in Indian online travel venture ibibo Group. The investment will be focused on extending ibibo’s leadership position in the Indian hotels category and on additional
Browsing: Tencent
Huge Group, Adapt IT and Net1 UEPS Technologies top the list of the best performing technology shares on the JSE in 2015. In a difficult economic environment, the three counters have far outperformed the overall market, adding 95,2%, 58,5% and 55,5% respectively over the past 12 months
There can be little argument that over the last 10 years, Naspers has been one of the best investments in the world. The share price has seemed to be on an unstoppable growth trajectory as it has
WeChat Africa has announced plans to invest R50m in technology start-ups in Africa “to support local entrepreneurs and technology innovations”. WeChat, which is developed by Tencent
Online businesses helped spur on a 24% year-on-year revenue growth at Internet and media giant Naspers. In its interim results announcement on Friday, Naspers reported that its revenue measured on an economic interest base topped R74,3bn for the six months ended September 2015
Shares in technology and media giant Naspers came under selling pressure late on Friday afternoon after it announced plans to raise as much as US$2,5bn (about R36bn) through a capital-raising exercise. Shares in Naspers were trading down by almost 4% shortly
Naspers expects headline earnings per share for the six months ended 30 September 2015 to have leapt by between 25% and 30% compared the same interim period a year ago, the media and technology group said on Friday
It’s no surprise that Internet and media group Naspers on Friday announced a US$1,2bn (R16bn) deal to become the largest shareholder in Avito, the leading online classifieds platform in Russia, Mof Terreblanche, a director of Stonehage Investment Partners, said on Friday
In a resounding black economic empowerment success story, the value of the 20% investment in MultiChoice South Africa by BEE shareholders has increased by 20 times. The shares are currently trading around R170 each and, including total dividends paid to date of just
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