It would be interesting to speculate how many people who, after reading the Prosus and Naspers results for the year to March, are thinking the same thing: would Warren Buffett invest in either company?
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Bob van Dijk, CEO of Naspers and its European-listed spin-off Prosus, received remuneration of US$15.98-million, or R276-million, in the past year, according to the Naspers annual report published on Tuesday.
Zimbabwe’s security force leaders sidelined the nation’s economic chiefs and forced the government to issue an order to close the stock exchange and halt most mobile money transactions, sources say.
Israeli start-up Redefine Meat plans to launch 3D printers to produce plant-based steaks mimicking real beef next year in a bid for a slice of the fast-growing alternative meat market.
The high court has sided with Eskom in a dispute over the amounts energy regulator Nersa allowed the state utility to claw back from customers for electricity supplied in the 2014/2015, 2015/2016 and 2016/2017 financial years.
Nedbank now allows merchants to accept payments directly on their phones using tap-to-pay technology. It allows business owners to convert their mobile phones into payment acceptance devices.
Health minister Zweli Mkhize has warned that tighter lockdowns may be needed in some parts of the country as a surge in Covid-19 cases is expected in the coming weeks.
Ahead of the launch later on Tuesday by MTN South Africa of its 5G network, the mobile operator has updated its coverage maps, showing where the superfast technology is available.
South African shares are about to round off their strongest quarter in almost two decades, and the influence of the coronavirus pandemic is clear to see in the shares most responsible for driving the market higher.
MTN has rolled out a new feature of its Mobile Money service that will allow South African consumers to make purchases online using their MoMo wallets – no bank card required.