Naspers Ltd (NPNJn.J)
19 Jul 2018
SAO PAULO, July 12 Brazilian mobile commerce platform Movile said on Thursday it raised $124 million in a new financing round led by the South African media and tech group Naspers alongside fund Innova Capital, in which billionaire Jorge Paulo Lemann is one of the investors.
The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Wednesday.
JOHANNESBURG, June 27 South Africa's rand fell against the dollar on Wednesday as the greenback rose broadly after trade-related worries eased amid a slight softening of the U.S. administration's approach to Chinese investment.
JOHANNESBURG Naspers plans to deploy its $8.2 billion war chest to step up growth in its e-commerce ventures, its chief executive said on Friday, part of a push to cut the company's dependence on its Chinese money spinner Tencent.
* Naspers targets fintech, food delivery and classified platforms
JOHANNESBURG, June 22 South Africa media and e-commerce giant Naspers reported a hefty 72 percent rise in annual profit on Friday, thanks to a strong showing from its Chinese money spinner Tencent. Naspers, which owns about 30 percent of the Chinese technology firm Tencent, said core headline earnings totaled $2.5 billion, or 581 cents per share, in the year ended March compared with $1.5 billion, or 337 cents per share, a year earlier.
JOHANNESBURG, June 21 The South African rand reversed earlier losses on Thursday with technical factors offering support while stocks fell, dragged down by resource counters and heavyweight Naspers.
Indian online food delivery service provider Swiggy said on Thursday it raised another $210 million in its biggest ever funding, led by South African internet and entertainment group Naspers Ltd and Hong Kong-based internet investment group DST Global.
June 21 Indian online food delivery service provider Swiggy said on Thursday it raised another $210 million in its biggest ever funding, led by South African internet and entertainment group Naspers Ltd and Hong Kong-based internet investment group DST Global.
JOHANNESBURG South African Internet and entertainment firm Naspers sold its entire 11.18 percent stake in Indian e-commerce firm Flipkart to Walmart Inc for $2.2 billion, it said on Wednesday.