Latest News & Developments
naspers
Prosus moves forward with €4. 1bn Just Eat Takeaway. com acquisition
Prosus and Just Eat Takeaway. com are making strides towards a €4. 1 billion acquisition, with regulatory approvals underway
JSE market watch: strategic moves by Barloworld, MTN and BHP
From Barloworld's potential R120-per-share takeover to MTN's Nigerian tariff victory, this analysis unpacks four major corporate developments shaping South African markets.
The Curious Case of Koos Bekker’s Naspers: Reinventing Oppression, One Headline at a Time
The tale of Koos Bekker is not one of redemption but of reinvention. The wolf may have donned sheep’s clothing, but its teeth remain as sharp as ever.
Naspers, Prosus face turbulence but hold strong long-term prospects
Analysts, however, said today that Prosus and Naspers’ prospects are brighter despite the share losses on the JSE after announcement of Tencent being placed on the US Department of Defence blacklist.
Bloodbath on the JSE - Naspers lost R225 billion due to US blacklisting Tencent
The accusation by Washington has had a resounding impact on Prosus and Naspers (both are listed on the Johannesburg Stock Exchange (JSE).
Is News24 neutral? Examining Naspers’ donation to ANC and DA
The people deserve a media that holds power accountable, not a mouthpiece for those who pay the most, says the writer.
Prosus CEO reports strong growth in first 100 days, much greater AI integration and an IPO for Swiggy in India
Prosus CEO Fabricio Bloisi's 100-day update reveals accelerated revenue growth and increased profitability, driven by AI integration across the group's internet businesses. With e-commerce operations set to deliver $400 million in adjusted EBIT for FY2025, Prosus aims to create another $100 billion in value for shareholders.
The Dangerous Dance of Media and Politics: Why Naspers’ R2 Million Donation to the ANC is a Threat to Democracy
For the sake of democracy, Naspers should return the donation and reaffirm its commitment to unbiased journalism. Anything less is a betrayal of the very principles that should guide the media in a free society, says the writer.
Ramaphosa’s Phuthi Mahanyele and Apartheid Naspers’ News24
Phuthi Mahanyele-Dabengwa’s rise is a tale of how historical ties and personal relationships continue to shape the country’s socio-political landscape, revealing the persistent shadows of the past in the corridors of power today, says the writer.
Naspers Exposed: The Role of Koos Bekker in Apartheid
Naspers’ history is a stark reminder of the power of media in shaping public perception and policy, writes Sipho Tshabalala.
Why do CEOs have such huge pay days?
Kwanele Ngogela of non-profit shareholder activism organisation Just Share, said that remuneration packages are grossly high, and in some cases, a CEO can earn 1,000 times more than their lowest paid employee.
Naspers brings e-commerce businesses to profit six months ahead of schedule
Naspers directors said it had been a ‘standout’ year as the group structure had been simplified, there had been improvements across ‘all core performance metrics’, and the profitability of their e-commerce business had been achieved six months ahead of schedule.
SA’s richest got R461 million a day since the start of 2024
From Johann Rupert to Patrice Motsepe, the wealth of six South African billionaires increased this year.
Media24 staff are shocked and unnerved over possible mass job losses
A number of editors and staff members are in shock over the fact that they could be without jobs by October.
Roscoe Palm: The Counter-revolutionary Cabal selling out the NDR
These counter-revolutionaries are selling out the National Democratic Revolution (NDR), long in the tooth and short on ideas to fix the country that they have played a role in first making
ELECTIONS 2024: We told you so! Ramaphosa, Naspers and the rise of the ANC-DA Coalition
South Africa’s recent election has marked a turning point, with the ANC securing around 40% of the vote, its worst performance since apartheid's end. As foreshadowed by Independent Media in 2019, the ANC now faces forming a coalition with the Democratic Alliance (DA), which gained just over 21% of the vote.
Political parties declare over R170 million in donations
Political parties in South Africa are obliged to disclose donations they have received above R100 000 as well as who funded them.
Naspers’ donation to the ANC: Wishcasting a grand coalition between the ANC and the DA?
It’s clear what the motivation is behind Naspers’ R2 million donation to the ANC and the DA, writes Roscoe Palm.
Who is Prosus’s new CEO Fabrício Bloisi?
Bloisi is a prominent Brazilian entrepreneur known for his significant contributions to the technology sector in Latin America, especially within foodtech.
Naspers, Prosus get fresh leadership as Fabricio Bloisi is appointed as CEO
The appointment is effective as of July 1, 2024.
Naspers – A Century of Oppression, Racism, and Apartheid Complicity
Today, reporting by media titles under Naspers does not seem to have deviated from its old apartheid past, especially the interlink between media, politics, and society, says the writer.
Prosus, investors look to sack Indian edtech firm Byju’s founder
Tech giant Prosus said it and other shareholders are looking to sack the billionaire founder of Indian edtech start-up Byju’s as the once high-flying company faces deep financial woes.
Six South Africans listed on Forbes Africa’s billionaire list this year
Forbes said that the fortunes of Africa’s wealthiest people rebounded slightly in the past 12 months, reversing the decline in their fortunes from a year ago, though they were still off their all-time highs.
South Africa's Billionaire Boom: No ‘Januworry’ problems for South Africa’s richest men
While many South Africans are tightening their belts after the festive season's spending spree, the country's wealthiest individuals face a very different January.
What now for internet giants Naspers, Tencent and Prosus after share collapse?
The question now is where to from here with the Naspers/Tencent/Prosus share price?