Naspers Limited | 85,503 followers on LinkedIn | Naspers is a global consumer internet group and one of the largest technology investors in the world. Media24 is Africa's leading media group, with a sizeable presence in digital and traditional publishing and publications, distribution and financial data.Building on its heritage, Media24 is firmly focused on the future, establishing a rapidly evolving portfolio of digital media and e-commerce businesses. In May 2017, former Naspers subsidiary DStv admitted to price fixing and contravening the Competition Act.
Waldo du Plessis from Nitrogen Fund Managers chose Naspers as his stock pick of the day. [27] Its venture investment arm, Naspers Ventures, was renamed Prosus Ventures in 2019, and partners with entrepreneurs to build technology companies. In October 2018, Naspers launched its business start-up funding initiative Foundry in South Africa. Naspers owns, or has controlling interest in, various businesses, including Prosus, Media24, and Takealot. Naspers, via Prosus, also holds a minority investment in listed, social-network platforms Tencent and Mail.Ru. It sold a part of its stake in March 2018, raising some $10 billion. Naspers Foundry, announced at the end of 2018, is a R1.4 billion initiative aimed at strengthening the South African technology sector by providing funding to … The all share gained 1.84% and the top 40 2.04%, with industrials, resources and financials all up on the day, As Covid-19 surges and lockdowns loom, it’s right that the government shifts financial support to retraining, and that the treasury looks set to extend its business-loan support, In Khayelitsha‚ once Cape Town's biggest Covid-19 headache‚ per capita active infections are down to 22 per 100‚000, ActionSA will at most contest 10 municipalities in 2021, with a focus on big metros, The go ahead is subject to the clothing retailer not retrenching any Jet employees in the acquired stores in the next two years and prioritising former Edcon workers when hiring new staff, The Reserve Bank, which has steadfastly reiterated that monetary policy alone cannot stimulate growth, faced questions after it held interest rates steady last week, Company management teams will need to convince investors, who have generally punished stocks for attempting equity raising, The FT report says volunteers will first be inoculated with a vaccine and later receive a challenge dose of the coronavirus, Using the 17 applicable principles as set out in the King IV report, there is only 25% compliance by clubs, Edouard Meylan, CEO of Swiss family-run business, talks about their approach to creating amazing wristwatches that still hold value. Hofmeyr, with the support of Jan Christiaan Smuts, Louis Botha, and National Party founding president J.B.M. [12] Documents collected by non-profit Open Secrets revealed how Naspers funded the National Party (NP) during apartheid, and that the NP also held 74,000 shares in Naspers in 1984. [16], In 2019, Naspers appointed former Shanduka Group CEO Phuti Mahanyele-Dabengwa, to lead its South African interests.[17]. While the company was founded as a publishing house, its principal operations are now in Internet companies – including a wide range of e-commerce properties. Prosus is a strategic investor and operator focusing on long-term value creation by building leading technology companies that improve people’s daily lives in high-growth markets.
WATCH: Is Naspers’s management destroying its value? The company had then also pledged a further R220,000 in support of the NP ahead of South Africa's last race-based general elections, in September 1989. Naspers profit climbs on Tencent, e-commerce boost, Naspers opens new office in San Francisco, DStv Headline M-Net Media24 MultiChoice MWEB Naspers. These are both current and previous Naspers group company logos.
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