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.

23 Nov

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.

18 Nov

Naspers injects R45m funding into The Student Hub

Naspers reaffirms its commitment to helping increase growth in SA’s tech sector, with a multimillion-rand investment in the online learning platform.

Oct 30, 2020

Naspers's Prosus eyes $5bn share buyback plan

In total, up to $5 billion in shares in Naspers and Prosus will be purchased on the open market on a pro-rata (72.5%/27.5%) basis.

Oct 21, 2020

Naspers’s Prosus leads R246m investment in Mexican digital bank

The early-stage venture investor makes its first investment in Mexico, leading a $15 million Series A funding round in Klar.

Sep 17, 2020

Food services marketplace gets Naspers backing

The Internet giant’s early-stage tech investment vehicle invests an undisclosed amount in Food Supply Network.

Sep 9, 2020

New York-based Digital Currency Group snaps up Luno

The SA-founded crypto exchange has been acquired by Digital Currency Group, a global enterprise that builds, buys and invests in blockchain companies.

Jul 15, 2020

Futuregrowth invests in tech-start-up SweepSouth

The local tech start-up attracts a new investor, as asset manager Futuregrowth joins other backers with a fresh investment.

Jun 30, 2020

Naspers eyes bigger market share in educational tech

The company strengthens its education tech business through expansion and investing a further combined R1 billion in two start-ups.

Jun 30, 2020

Naspers readies to weather COVID-19 storm with $22.1bn revenue

The company believes it is well-positioned to navigate the coronavirus uncertainty ahead after its revenue grew 23% for the year ended 31 March.

Jun 19, 2020

COVID-19 eats into Naspers’s earnings

While the global pandemic has negatively impacted some operations, all key e-commerce segments made good progress, says the company.

May 20, 2020

Naspers invests R100m in agritech start-up Aerobotics

Early stage business funding initiative Naspers Foundry invests in Aerobotics, founded by James Paterson and Benji Meltzer in 2014, specialising in the application of artificial intelligence in agriculture.

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