Latest News & Developments
Prosus and Just Eat Takeaway. com are making strides towards a €4. 1 billion acquisition, with regulatory approvals underway
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 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.
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.
The accusation by Washington has had a resounding impact on Prosus and Naspers (both are listed on the Johannesburg Stock Exchange (JSE).
The people deserve a media that holds power accountable, not a mouthpiece for those who pay the most, says the writer.
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.
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.
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’ history is a stark reminder of the power of media in shaping public perception and policy, writes Sipho Tshabalala.
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 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.
From Johann Rupert to Patrice Motsepe, the wealth of six South African billionaires increased this year.
A number of editors and staff members are in shock over the fact that they could be without jobs by October.
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
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 in South Africa are obliged to disclose donations they have received above R100 000 as well as who funded them.
It’s clear what the motivation is behind Naspers’ R2 million donation to the ANC and the DA, writes Roscoe Palm.
Bloisi is a prominent Brazilian entrepreneur known for his significant contributions to the technology sector in Latin America, especially within foodtech.
The appointment is effective as of July 1, 2024.
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.
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.
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.
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.
The question now is where to from here with the Naspers/Tencent/Prosus share price?