Africa’s largest media company has purportedly discussed a bond sale of $500-million to $1-billion for a seven to 10-year term with investors.
An edited extract from Anton Harber’s e-book sheds light on Naspers boss, Koos Bekker.
Historically, South Africa’s airwaves have been under democratic control. Now they are being captured by big business.
A shrewd investment 11 years ago on a little-known and unprofitable Chinese internet company is now paying huge dividends for Naspers.
Public protector Thuli Madonsela is to investigate a proposed property deal between Cape Town City and media holding company Naspers.
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/ 9 December 2011
Read the open letter to Naspers and Media24 executives about the possible closure of Boekehuis.
It has been a sad and bad year for the book world in Johannesburg.
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/ 28 September 2011
Alan Knott-Craig Jnr is looking for attention. He wants so much of it, that he’s just bought the attention of 40-million people in 120 countries.
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/ 22 September 2011
Naspers has sold its 30% stake in the mobile instant messenger, MXit, to technology investment firm World of Avatar for an undisclosed amount.
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/ 30 November 2010
MultiChoice added more than 360 000 new subscribers in SA in the six months to 30 September, beating its new rival which launched TopTV in May.
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/ 30 November 2010
Media conglomerate Naspers posted a 33% rise in first-half earnings on Tuesday, helped by strong performance of its pay-TV and internet units.
South Africa’s two largest listed media companies take each other on before Icasa.
Listed media company Naspers will buy 28,7% of one of Russia’s leading internet firms, it said on Wednesday.
Most emerging markets in which media company Naspers operates survived the global economic downturn reasonably well, it said on Tuesday.
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/ 20 January 2010
Naspers is offering some editorial staff in its print business severance packages, a media report said on Wednesday.
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/ 26 November 2009
Africa’s biggest media group, Naspers, reported a 36% increase in first-half core headline earnings per share on Thursday.
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/ 29 September 2009
Naspers has bought Brazilian e-commerce group BuscaPe.com for -million, the media company said on Tuesday.
Naspers reported a 4% rise in core earnings, in line with expectations, as it signed up more pay-TV customers, but headline profit fell.
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/ 26 November 2008
Africa’s biggest media company Naspers reported a 3,8% drop in first-half core headline EPS, at the top end of its own forecast.
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/ 10 November 2008
Telkom has agreed to buy all of MWeb Africa and a 75% stake in MWeb Namibia from Naspers for R610-million, it was announced on Monday.
”What would you do if, for R2,6-million, you had to choose between God and Mugabe?” asks Afrikaans musician and author Koos Kombuis on his blog.
Multinational media company Naspers announced on Monday that, following approaches for the sale of its internet service provider business MWeb, it is initiating an auction process. MWeb is one of the largest residential internet service providers in South Africa and also owns the largest VSAT corporate internet base in sub-Saharan Africa.
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/ 18 December 2007
South African media group Naspers and Tradus — formerly QXL Ricardo — have reached agreement on the terms of a recommended cash offer to be made by Naspers’s subsidiary Myriad International Holdings BV for the entire share capital of Tradus at £18 a share, it was announced on Tuesday.
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/ 27 November 2007
A weaker rand offset the JSE’s earlier losses on Tuesday and the bourse was flat by midday. The JSE initially opened weaker following an overnight drop on Wall Street. At noon, the JSE’s all-share index was barely changed (+0,02%). The gold mining index climbed 0,62%, and resources lifted 0,24%.
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/ 9 November 2007
The JSE continued to advance by noon on Friday as BHP Billiton’s announcement from Thursday flowed through the market. On Thursday, BHP Billiton admitted to having made a play for rival Rio Tinto, which put to rest days of market speculation over whether BHP Billiton was in fact courting Rio Tinto over a potential tie-up.
Media group Naspers is to make a public tender offer to acquire up to 100% of Gadu Gadu, a Warsaw-listed Polish internet company for a total investment of about $155-million, it said on Thursday. Naspers will extend an offer to acquire 100% of the shares of Gadu Gadu SA at a tender price of 23,50 z³oty per share.
The JSE was up sharply by midday on Tuesday, adopting the strength in overseas markets that were driven higher by a powerful performance on Wall Street overnight. By 12.03pm on the JSE, the all-share index had collected 1,01%. Financials advanced 2,02% and banks collected 2,86%, while industrials added 1,06%.
Publishing group hopes to digitise about a quarter of a million local titles, writes Tumi Makgetla