Naspers unit Prosus to sell 2% Tencent stake
The company intends to use the proceeds of the sale to increase its financial flexibility to invest in growth, plus for general corporate purposes.
Takealot makes organisational changes, reshuffles exec team
The local online retailer makes a number of organisational changes, with founder and CEO Kim Reid transitioning to the new role of group CEO.
Naspers sets sights on ‘exciting’ edutech sector in Africa, Asia
The global Internet titan says it has a gripping business case, and potential for the sector is compounded by Africa and Asia placing a premium on education.
Naspers SA CEO tips digital economy to fuel restart of economy
Africa’s digital transformation has the capacity to unlock the continent's potential, says Naspers SA CEO Phuthi Mahanyele-Dabengwa.
Google gets fit
The Internet giant has completed its $2.1 billion acquisition of wearable device maker Fitbit.
Naspers leads R253m funding in agritech start-up Aerobotics
The Series B investment will further technology development and product delivery in the US and Aerobotics’s other core territories.
2020 in review
Despite the COVID-19 pandemic, the technology industry continued to thrive, with worldwide growth of 4% predicted for 2021.
Fintech group Capital Appreciation opts for A2X listing
The South African fintech group gets approval for a secondary listing on A2X Markets next week.
China suspends Ant Group listing
Ant Group’s planned $37 billion initial public offering in China and Hong Kong was suspended with just days to go.
Legislation blocks start-up investments, says Naspers SA CEO
Investments in SA’s tech start-up ecosystem remains nascent due to regulations that are not conducive to international funding, says Phuti Mahanyele-Dabengwa.
E-commerce, food delivery services bolster Naspers revenue
Naspers’s food delivery businesses nearly doubled revenue growth, while e-commerce revenue grew 69%, boosted by Tencent and Takealot Group.