Sector: Technology
The company is available at Interactive Brokers
Naspers (JSE:NPN) is a global internet group and one of the largest technology investors in the world. Naspers companies operate and invest in countries and markets across the world with long-term growth potential.
Throughout the group's 100-year history, Naspers has grown by investing in, acquiring and building leading companies with sustainable competitive advantages. The group continues to back new business models to fuel its growth and increasingly, looks for opportunities to address big societal needs in markets where it sees the greatest growth potential. These include all major markets in the world. Where Naspers see a company with promise, it moves quickly to expand and scale it.
Today, the Naspers group is organised into two areas: its media and internet interests in South Africa, and through Prosus (JSE:PRX), its internet interests outside of South Africa including companies and investments in the online classifieds, food delivery, payments and fintech, etail, travel, education and social and internet platforms sectors, among others.
Naspers N class ordinary shares have one vote per share. Click here to learn more about the Naspers control structure.
Semi-Annual values ($m)
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Net Debt / Cash and Equivalents ($m)
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Potential dynamics
Patrice Motsepe is in talks with Canal+ to join the multibillion-dollar bid for MultiChoice Group, sources have said.
2024-03-27 15:02 +02:00
Planet42 has raised debt and equity funding from Standard Bank to help the rent-to-buy start-up repay costly euro loans.
2024-03-11 10:30 +02:00
Media24 has told the Competition Commission that Google is threatening the viability of the Fourth Estate in South Africa.
2024-03-05 11:14 +02:00
Takealot Group has announced significant leadership changes, with current CEO Mamongae Mahlare moving into the role of chair.
2024-01-26 10:29 +02:00
Amazon’s launch into the South African market could have a seismic effect on the digital advertising landscape.
2024-01-23 15:19 +02:00
Naspers is boosting investment into Takealot Group ahead of Amazon.com’s entry into South Africa’s e-commerce market.
2024-01-10 13:22 +02:00
Shares in Naspers and Prosus slumped on Friday after China issued new measures to limit players’ spending in videogames.
2023-12-22 13:13 +02:00
Naspers has reported a jump in half-year profit, boosted by its e-commerce businesses and China’s Tencent.
2023-11-29 10:09 +02:00
A PepsiCo fund has acquired a stake in agri-tech start-up Khula to help underpin the company’s expansion plans.
2023-11-21 13:35 +02:00
PlusOne, the Naspers-owned generative AI tool that acts as an aggregator of several third-party AI models.
2023-10-10 10:20 +02:00
Prosus’s new interim CEO inherits a conundrum from his predecessor: how to bridge the yawning gap between the value of the company’s stock and its assets.
2023-09-28 14:44 +02:00
Webafrica has agreed to buy Mweb, one of South Africa’s largest and oldest internet service providers.
2023-09-26 16:24 +02:00
Ervin Tu, newly appointed Naspers and Prosus interim CEO, has promised investors stability and investment discipline.
2023-09-19 15:38 +02:00
Pirates are finding new ways to circumvent broadcasters’ security technologies. MultiChoice is not taking matters lying down.
2023-09-18 15:55 +02:00
Bob van Dijk is stepping down as CEO of both Naspers and its European-listed spinoff Prosus with immediate effect.
2023-09-18 07:33 +02:00
Naspers-owned Prosus has launched an aggregated generative AI tool called PlusOne across its portfolio of companies.
2023-09-12 16:07 +02:00
Takealot is introducing delivery within an hour as it braces for Amazon.com to enter the e-commerce sector.
2023-08-17 07:07 +02:00
PayU has announced it will sell its Global Payments Organisation business for $610-million at its pivots to India.
2023-08-01 10:42 +02:00
Pick n Pay has warned of a slump in profits in the first four months of the trading year even as online sales surged.
2023-07-19 11:11 +02:00
The e-commerce group has blamed inflation and rising interest rates for a widened full-year loss. Is there more at play?
2023-06-29 17:57 +02:00
The removal of the cross-holding structure will let Naspers continue its share buyback programme.
2023-06-27 10:10 +02:00
Inflation and rising interest rates in South Africa are two factors that Naspers has pointed to for a loss at Takealot.
2023-06-27 09:39 +02:00
Naspers on Tuesday reported a 78% slump in annual profit, led by a drop in the contribution from Tencent.
2023-06-27 08:39 +02:00
Mastercard and PayU have joined forces to launch Click to Pay as a way to speed up online payments in South Africa.
2023-06-22 15:54 +02:00
Could South Africa’s retirement industry, with assets estimated to be worth at least R5-trillion, be the answer?
2023-06-05 17:33 +02:00
Altron’s ability to deliver double-digit revenue growth is evidence of its strong annuity and defensive earnings base, CEO Werner Kapp said.
2023-05-15 11:13 +02:00
Prosus is exploring potential divestments from fintech company PayU, according to people familiar with the matter.
2023-05-09 18:31 +02:00
Takealot says Amazon.com’s plans to launch its e-commerce business in the country show the market is poised for growth.
2023-04-13 14:52 +02:00
Tencent Holdings tumbled by the most in seven weeks amid speculation its controlling shareholder, Naspers-controlled Prosus, may speed up selling shares.
2023-04-12 09:07 +02:00
A family trust linked to Naspers chairman Koos Bekker has offloaded the euro equivalent of R3.4-billion in Prosus, according to a regulatory filing.
2023-03-30 14:38 +02:00
The Competition Commission plans to initiate an investigation into digital media and platforms in South Africa.
2023-03-17 14:29 +02:00
Sizwe Ndlovu, chief technology officer at digital insurance start-up Pineapple, shares his IT leadership insights, including his biggest productivity hack.
2023-03-08 12:55 +02:00
Prosus and its parent Naspers are planning to cut their corporate workforce by 30%, becoming the latest companies in global tech to announce layoffs.
2023-01-25 18:33 +02:00
Pick n Pay and Takealot Group have tightened their business partnership by exploring the roll-out of Takealot pick-up points in the grocery retailer’s stores.
2023-01-09 11:52 +02:00
Profitability decreased due to higher fuel surcharges, investments in new warehouses and discounted clearance of inventory, parent Naspers said.
2022-11-23 10:52 +02:00
Interim profit slipped 93% as the technology investor increased funding of its businesses and took a knock from Tencent.
2022-11-23 08:58 +02:00
Naspers shares were trading more than 5% lower on Tuesday after the JSE-listed technology investor warned about a big slide in earnings.
2022-11-22 09:40 +02:00
Spar Group on-demand shopping platform, Spar2U, is nearing “critical mass” after expanding to 87 stores, it said.
2022-11-16 09:52 +02:00
Checkers has opened its first “dark store” to serve on-demand delivery as online grocery shopping continues to enjoy “notably strong growth”.
2022-11-14 19:30 +02:00
The Naspers unit gave up its stake in Russia’s largest social network for nothing, walking away from the company.
2022-11-10 16:21 +02:00
Raru, the online shopping site started by the founders of what later became Takealot, appears to have failed, eight years after its founding.
2022-11-04 14:30 +02:00
Takealot Group is pushing further into townships and growing its new grocery partnership to defend its market share, its CEO said.
2022-11-03 19:12 +02:00
Naspers has rubbished an report that it is in talks with a Chinese investment company to sell all its remaining shares in Tencent.
2022-11-01 10:28 +02:00
Tencent is on track to close at its lowest point in five years as investor sentiment turned negative over China’s macro outlook.
2022-10-20 11:32 +02:00
Prosus, the Dutch-based technology investor owned by Naspers, said it has agreed to sell its Russian online marketplace Avito.
2022-10-16 17:16 +02:00
Naspers-controlled technology investor Prosus has terminated its agreement to buy Indian payments platform BillDesk.
2022-10-03 15:30 +02:00
Cape Town-based on-demand home cleaning and services platform SweepSouth has raised a further $11-million in funding, this time led by Alitheia IDF.
2022-09-26 13:09 +02:00
Tencent Holdings’ buyback spree is failing to revive investor sentiment over the online gaming giant, whose shares are languishing near a 2018 low.
2022-09-21 08:30 +02:00
For early backers, including Naspers, they’ve been some of the most profitable Chinese stock investments of all time.
2022-09-08 09:11 +02:00
Tencent shares worth $7.6-billion have appeared in Hong Kong’s clearing and settlement system, spurring speculation.
2022-09-08 08:50 +02:00
The Naspers-controlled Internet investment firm has agreed to pay as much as €1.8-billion to acquire a further 33.3% stake in Brazil’s iFood.
2022-08-19 08:40 +02:00
Online sales nearly doubled in the retailer’s most reporting period compared to the same period last year as shoppers warm to buying their groceries on the Internet.
2022-07-26 09:59 +02:00
Google said it will “work constructively” with the Competition Commission after the regulator proposed a raft of regulations that cut to the heart of its business model.
2022-07-14 14:31 +02:00
Futuregrowth Asset Management, a South African fixed-income money manager with R193-billion of assets, is raising a fund to invest in start-ups.
2022-06-30 15:56 +02:00
A plan by Tencent’s major backer, Naspers-controlled Prosus, to further cut its stake in the company fuelled concerns among investors on Tuesday.
2022-06-28 08:25 +02:00
Takealot Group has built a powerful platform that will stand it in good stead in an increasingly competitive market, said Naspers CEO Bob van Dijk.
2022-06-27 19:25 +02:00
When there is a deep valuation discount and pressure from its investors, Naspers can’t really time market tops and must appease with cash handouts instead.
2022-06-27 19:07 +02:00
The arm of South African Internet giant Naspers sold almost $4-billion worth of stock in JD.com that it got as dividends from investee Tencent.
2022-06-27 13:13 +02:00
Takealot Group, which includes South Africa’s biggest e-retailer, Takealot.com, increased revenue by 27% in the past year, and remained near breakeven during the period.
2022-06-27 09:34 +02:00
Prosus and Naspers plan to sell down the massive 28.9% stake Prosus holds in Chinese Internet giant Tencent.
2022-06-27 08:13 +02:00
Amazom.com plans to launch online shopping services in South Africa and four other countries by early 2023, a report said.
2022-06-20 18:08 +02:00
Africa’s technology-dominated start-ups will continue to attract investment, even if at a slower pace, following record venture capital funding last year.
2022-06-20 09:26 +02:00
Multichoice Group is looking to spend half its content investment on African shows with local actors and producers within the next two years.
2022-06-11 17:17 +02:00
Spar is gearing up to take on Shoprite Group’s Checkers Sixty60 and Pick n Pay asap! in online grocery shopping in South Africa.
2022-06-08 09:36 +02:00
Naspers, through its Naspers Foundry investment arm, is leading a R53-million series-A funding round in South African fintech start-up LifeCheq.
2022-05-31 18:00 +02:00
Naspers-controlled technology investor Prosus has decided to exit its shareholding in Russian classifieds business Avito.
2022-05-20 17:25 +02:00
Tencent’s revenue missed estimates after a sweeping government crackdown and Chinese economic malaise wiped out growth at the Internet behemoth.
2022-05-18 16:18 +02:00
Chinese gaming and social media giant Tencent Holdings reported flat growth in first quarter revenue, its worst-ever such performance.
2022-05-18 15:57 +02:00
Pick n Pay and Takealot Group have signed an agreement that will allow customers to buy Pick n Pay food, groceries and liquor on Takealot’s Mr D app.
2022-05-17 16:49 +02:00
Communications minister Khumbudzo Ntshavheni said every South African learner will get a free, government-supplied e-mail address, with the project to kick off later this year.
2022-03-23 11:26 +02:00
The JSE had a spectacular trading session on Wednesday after Tencent Holdings’ shares leapt more than 23% in Asian trading.
2022-03-16 08:33 +02:00
Investors punished Chinese shares again on Tuesday, inflicting further collateral damage on South Africa’s Naspers and its European-listed spinoff, Prosus.
2022-03-15 11:58 +02:00
Shares in Naspers and its spinoff Prosus tumbled on Monday after a report said Tencent Holdings faces a record fine in China.
2022-03-14 12:56 +02:00
Prosus expects to write off the equivalent of R11.8-billion and has asked its directors on the board of social media platform VK to resign.
2022-03-08 21:00 +02:00
Naspers Foundry said on Tuesday that it will invest R15-million in Cape Town-based Floatplays, an “on-demand earned wage access platform”.
2022-02-22 10:23 +02:00
Tencent denied talk that it’s facing a major regulatory crackdown in China, issuing an unusually aggressive public response. Shares in Naspers still tanked.
2022-02-21 14:32 +02:00
Luno is looking for a foothold in the US, the latest international platform to try and tap one of the world’s biggest populations of digital-asset investors.
2022-02-04 08:29 +02:00
Naspers has closed its OLX in South Africa, saying the move was done so it can focus its customer proposition fully on its property and motor vehicle platforms.
2022-02-01 13:04 +02:00
Austria-based education technology start-up GoStudent has raised €300-million in a new round of funding led by Prosus.
2022-01-11 14:09 +02:00
Prosus CEO Bob van Dijk has purchased about $10-million of the company’s shares on the open market.
2022-01-08 09:07 +02:00
Naspers Foundry has invested R54-million in car subscription company Planet42 as part of a R91-million total equity funding round.
2021-12-21 12:42 +02:00
SweepSouth, the on-demand home cleaning company backed by Naspers, has acquired 100% of FilKhedma, an Egyptian start-up.
2021-12-17 11:18 +02:00
South Africa recorded R557.9-billion of foreign direct investment inflows in the third quarter of 2021.
2021-12-15 09:45 +02:00
South African publishers, including Media24, are taking Google and Meta Platforms to the Competition Commission, seeking compensation for use of their journalism.
2021-12-02 16:30 +02:00
Prosus plans to invest further in its fast-growing online car dealership business, expanding an e-commerce empire that already includes payments, food delivery and education.
2021-11-23 18:35 +02:00JOHANNESBURG (Reuters) -Amazon said on Tuesday it would launch its online shopping service in South Africa next year, making it only the second African country after Egypt where the U.S. e-commerce giant has set up a locally-dedicated website.
2023-10-17Prosus NV and its South African parent Naspers are cutting up to 30% of jobs at their corporate offices, the Dutch technology investor said.
2023-01-25
South Africa`s rand weakened against the dollar on Thursday after the central bank hiked its main lending rate by 75 basis points to tame rising inflation.
2022-11-24Naspers has a new Tencent quandary. The South African group has long traded at a big discount to its stake in the Chinese tech giant, currently worth $100 billion. That shortfall has narrowed since it started selling shares to fund buybacks. A bigger factor, however, is Tencent`s plunging value.
2022-11-17
The South African rand gave up gains on Wednesday after the dollar recovered on a surprise pick up in the U.S. service sector in July, supporting views that the U.S. economy was not in recession.
2022-08-03Naspers has finally realised the value of simplicity. The South African company’s main asset is a 29% shareholding in Chinese internet giant Tencent, currently worth $133 billion. But Naspers has consistently traded at a big discount to that stake, while tying itself in increasingly complicated knots to close the gap. A pledge https://www.naspers.com/news/the-group-announces-the-beginning-of-an-open-ended-share-repurchase-programme-of-prosus-and-naspers-share
2022-06-27South African grocery and clothing retailer Pick n Pay aims to cut costs by 3 billion rand ($187 million) in the next three years and grow its market share by 3% under a new strategy, CEO Pieter Boone said on Tuesday.
2022-05-17South African technology investor Naspers Ltd said on Monday its first half profit climbed 11%, driven by a large contribution from Chinese internet giant Tencent in which it indirectly holds a 29% stake.
2021-11-22
South Africa`s Johannesburg Stock Exchange failed to open equity market trading as usual at 9 a.m. (0700 GMT) on Wednesday as record high trading volumes the previous day snapped its systems, the company said.
2021-08-18
South Africa`s rand recovered from early losses on Monday, with concerns over rising COVID-19 infections setting a cautious tone in global markets ahead of the U.S. Federal Reserve`s meeting this week.
2021-07-26
AMSTERDAM (Reuters) -Shareholders of technology investor Prosus NV on Friday approved a deal with parent Naspers Ltd of South Africa that will move most of the economic value of the intertwined companies to Amsterdam.
2021-07-09
ABUJA (Reuters) -Nigeria`s revenue service said on Thursday it had told banks to freeze the accounts of units of pay-TV group MultiChoice to recover $4.4 billion, in the latest tax dispute between a South African-based company and Nigerian authorities.
2021-07-08
Prosus NV, the international investment arm of South Africa`s Naspers, said on Wednesday it has appointed Ervin Tu as its chief of investments in a position newly created to oversee its M&A activity.
2021-06-23
South Africa`s rand firmed on Friday and looked set for weekly gains, thanks to a rise in commodity prices and a weakening U.S. dollar as investors turned to riskier but high-yielding assets.
2021-06-04Naspers Chief Executive Bob van Dijk is going all-in to crush his South African discount. The $100 billion internet group on Wednesday launched a long-awaited move to take pressure off its Johannesburg-listed stock via a share swap with Amsterdam-based offshoot Prosus. That leaves the Dutchman with a harder challenge: shrinking the persistent valuation gap with its $212 billion stake in China’s Tencent.
2021-05-12AMSTERDAM (Reuters) -Dutch-listed technology investor Prosus NV plans to raise its stake in South African parent Naspers to nearly 50% in a share swap deal that will move part of their huge holding in China`s Tencent to Amsterdam from Johannesburg.
2021-05-12South Africa`s rand firmed up early on Thursday after the U.S. Federal Reserve struck a more dovish than expected tone after its policy-setting meeting, boosting global risk demand and dragging down the dollar.
2021-04-29
JOHANNESBURG/BERLIN (Thomson Reuters Foundation) - More than a year after Malawian driver Matthew was hit by a car while delivering food on his motorbike in South Africa, he lives with a shooting pain in his foot and fears for his life every time he hits the road.
2021-04-13Naspers’ Tencent problem is as big as ever. The $100 billion South African company has long traded at a hefty discount to the value of its 31% stake in the Chinese internet giant, which is currently worth around $239 billion. The three basic causes remain the same: Naspers’ inability to easily sell the shares, its reluctance to do so, and its outsized weighting on the Johannesburg Stock Exchange. The last one looks the easiest to fix.
2021-03-19
South Africa`s rand firmed by more than 1% on Tuesday in a return of risk appetite globally as investors continued to weigh the benefits of fiscal stimulus and coronavirus vaccine rollouts over concerns about second and third wave infections.
2021-01-26
South Africa`s rand weakened on Friday, as a rally in riskier assets driven by hopes of U.S. economic stimulus faded, while stocks also fell.
2021-01-22
* Prosus revenue increased 53% to $2.17 bln (Adds details from media call)
2020-11-23Dutch technology investor Prosus said on Friday it would buy back up to $5 billion in its own and South African parent Naspers` shares, as part of efforts to narrow a discount between the companies` share prices and underlying assets.
2020-10-30Uber Eats` South African unit on Thursday expanded delivery offerings, launching an app-based over-the-counter medicines service as it seeks to claw market share in the fast-growing online shopping sector in Africa`s most industrialised economy.
2020-10-15
South African media and e-commerce group Naspers plans to lay off more than 500 employees and close a number of newspapers and magazines, including leading weekly tabloid the Sunday Sun, its print division Media24 said on Tuesday.
2020-07-07
South Africa`s Naspers plans to lay off more than 500 employees and close a number of newspapers and magazines, including leading weekly tabloid the Sunday Sun, its print division Media24 said on Tuesday.
2020-07-07
* MrD Food partners with MediRite pharma to deliver medicines
2020-04-14
South African e-commerce group Naspers said on Wednesday a number of its divisions had been hurt by the coronavirus outbreak, but that it was too early to estimate the overall impact on the group`s performance.
2020-04-08
South Africa`s Naspers Ltd said on Wednesday it sold around 1.5 billion euros ($1.66 billion) worth of shares in Prosus, the Amsterdam-listed subsidiary housing its internet empire.
2020-01-22A stone`s throw from Nelson Mandela`s former home in South Africa`s Soweto township, Dumile Badela`s restaurant is now more hectic and lucrative than ever, thanks to Uber Eats, his hungriest customer yet.
2020-01-02
South Africa`s rand steadied on Wednesday as fears of an oil price spike eased and investors waited for a U.S. Federal Reserve interest-rate decision.
2019-09-18
South Africa`s rand rallied in afternoon trade on Thursday as the European Central Bank`s new stimulus measures and mutual concessions by the United States and China in their trade dispute buoyed risk appetite, while stocks also gained.
2019-09-12
South Africa`s rand weakened on Wednesday after data showing business confidence in the country has collapsed, undermining a push by President Cyril Ramaphosa to kick-start growth after a decade of stagnation.
2019-09-11Shares in the spin-off of South African e-commerce group Naspers surged more than 25% in the first minutes of their market debut in Amsterdam on Wednesday.
2019-09-11South African e-commerce group Naspers is listing its global empire of consumer internet assets under the name of Prosus on Wednesday - and the jewel in the crown is a 31% stake in Chinese tech titan Tencent .
2019-09-10
South African e-commerce group Naspers is listing its international internet assets, including its 31% stake in China`s Tencent , in Amsterdam on Wednesday under the name of Prosus.
2019-09-10
South African e-commerce group Naspers is listing its global empire of consumer internet assets under the name of Prosus on Wednesday - and the jewel in the crown is a 31% stake in Chinese tech titan Tencent.
2019-09-10
* Will consider GDP growth, lease negotiations before leaving
2019-08-15
South African e-commerce giant Naspers said on Friday the delayed multi-billion euro listing of its international internet assets, including its over 30% stake in China`s Tencent, will go ahead on Sept. 11.
2019-07-19European startup Dott has secured 30 million euros ($34 million) in a fundraising led by existing investors EQT and South Africa`s Naspers to launch an electric bike hiring business and roll out new generations of its electric scooters.
2019-07-04
South Africa`s rand was little changed late on Wednesday, struggling for momentum along with stocks as worries that a prolonged U.S.-China trade war will slow global growth put emerging markets under pressure.
2019-07-03
(Corrects June 21 story to remove Naspers reference from headline and lead as Naspers no longer owns MultiChoice)
2019-06-22
South African pay-television firm MultiChoice Group is planning to lay off more than 2,000 workers in South Africa in a shake-up of its customer care service, the company said on Friday.
2019-06-22
South Africa`s Naspers has been forced to delay the multi-billion euro flotation of its international internet assets, including its lucrative stake in China`s Tencent, after an admin error by a third party involved in the float.
2019-06-21
South Africa`s rand firmed on Monday after a sharp slide in the previous week as a global sell-off in risk assets slowed, with investors positioning for an event-packed week.
2019-05-20
Tencent shareholder Naspers plans to float a portion of its e-commerce ventures on Euronext in Amsterdam, a move South Africa`s biggest company said on Monday will create a $140 billion European internet giant.
2019-03-25
South Africa`s rand firmed on Monday, helped by increasing demand for emerging market currencies amid a slew of disappointing economic data in developed markets and growth warnings from central banks.
2019-03-11
South Africa`s rand fell on Thursday, tracking the euro lower after the European Central Bank pushed back its forecast for an interest rate hike and offered banks more cheap loans, while at home state power utility Eskom got smaller tariff hikes than sought.
2019-03-07
South Africa`s rand firmed on Tuesday after data showing an economic recovery from a recession continued in the fourth quarter of last year, albeit at a slower rate.
2019-03-05
South Africa`s rand ended firmer on Monday, boosted by growing hopes of a trade deal between the United state and China, but trading was cautious ahead of crucial local and offshore data that could see the currency`s slide resume.
2019-03-04
South Africa`s rand weakened in late afternoon trade on Monday as investors awaited Wednesday`s budget, when the finance minister is expected to unveil plans to shore up state-owned power utility Eskom.
2019-02-18South Africa`s Naspers has taken full control of Russia`s largest classified advertising platform Avito after it spent $1.16 billion to buy the 29.1 percent it did not already own, the media and e-commerce group said on Friday.
2019-01-25South African media and e-commerce Naspers said it was in talks to increase its stake in Avito, confirming a Reuters report that the group was close to taking control of Russia`s largest classified advertising platform.
2019-01-25
South Africa`s rand eased on Monday as the dollar neared a two-week high, while Naspers boosted stocks on expectations of positive news about the spin-off of its pay-TV business, which duly emerged after the market close.
2019-01-21
Online food delivery company Swiggy said it had raised $1 million in its latest funding round, led by South African internet group Naspers Ltd .
2018-12-20
Naspers and Canada`s state pension fund have invested $540 million in Indian educational technology startup Byju`s, the South African internet giant said on Monday.
2018-12-17
* Stocks bounce on fresh U.S.-China hopes (Add quotes and updates prices)
2018-12-11South African internet giant Naspers reported a sharp narrowing of losses at its e-commerce unit on Friday, boosting chief executive Bob van Dijk`s efforts to cut the company`s dependence on its Chinese money spinner Tencent .
2018-11-30
* Results boosted by robust showing from Tencent (Adds detail about e-commerce unit)
2018-11-30
South Africa`s rand firmed against a softer dollar on Thursday, in line with emerging markets and a fall in bond yields, as dovish comments from U.S. Federal Reserve Chairman Jerome Powell boosted demand for riskier assets.
2018-11-29
South Africa`s rand weakened against the dollar on Wednesday amid dwindling demand for riskier assets and fears U.S.-China trade tension would not be resolved at an upcoming G20 summit.
2018-11-28
South Africa`s competition watchdog has ruled that a distribution deal between MultiChoice, Naspers` pay-TV business and the country`s public broadcaster in 2013 constituted a notifiable merger.
2018-11-12
* Naspers down nearly 3 percent tracking Tencent (Updates levels, add quotes)
2018-11-08As the world investment spotlight illuminated Riyadh last month, bosses of limelight-shunning Naspers stayed at home to unveil plans to pour $315 million into South African tech startups. That’s small compared to SoftBank’s $93 billion Vision Fund, powered in part by Saudi petrodollars. But the emerging market internet giant’s quietly-quietly $8 billion tech war chest is still worth watching.
2018-11-05
South Africa`s rand firmed on Monday, in line with other emerging market currencies, which have slowly restored gains after recent sharp losses.
2018-10-29
* Stocks end another week lower, Naspers slumps (Updates figures and quotes)
2018-10-26
* Naspers falls nearly 4 pct, leads stocks to 16-month low (Updates figures)
2018-10-24
South African assets weakened across the board on Tuesday, erasing gains from the previous session as appetite for riskier assets was muted by global concerns.
2018-10-23
* Naspers, gold stocks firmer limit losses (Adds latest prices)
2018-10-11
South Africa`s rand weakened on Wednesday, giving back gains it made following Tito Mboweni`s appointment as fiance minister, with investors banking profits ahead of a ratings decision on Friday.
2018-10-10
