Naspers Ltd (NPNJn.J)
14 Dec 2018
JOHANNESBURG South African internet giant Naspers reported a sharp narrowing of losses at its e-commerce unit on Friday, boosting chief executive Bob van Dijk's efforts to cut the company's dependence on its Chinese money spinner Tencent .
* Results boosted by robust showing from Tencent (Adds detail about e-commerce unit)
JOHANNESBURG, Nov 30 South African media and e-commerce giant Naspers reported a 39 percent jump in half-year profit on Friday, thanks to a strong performance in its investment in China's Tencent.
JOHANNESBURG, Nov 29 South Africa's rand firmed against a softer dollar on Thursday, in line with emerging markets and a fall in bond yields, as dovish comments from U.S. Federal Reserve Chairman Jerome Powell boosted demand for riskier assets.
Nov 19 South African media and e-commerce giant Naspers Ltd said on Monday it expects first-half core headline earnings per share to be between 35 percent and 43 percent higher than a year earlier.
Nov 12 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Monday:
JOHANNESBURG, Nov 12 South Africa's competition watchdog has ruled that a distribution deal between MultiChoice, Naspers' pay-TV business and the country's public broadcaster in 2013 constituted a notifiable merger.
* Naspers down nearly 3 percent tracking Tencent (Updates levels, add quotes)
LONDON (Reuters Breakingviews) - As the world investment spotlight illuminated Riyadh last month, bosses of limelight-shunning Naspers stayed at home to unveil plans to pour $315 million into South African tech startups. That’s small compared to SoftBank’s $93 billion Vision Fund, powered in part by Saudi petrodollars. But the emerging market internet giant’s quietly-quietly $8 billion tech war chest is still worth watching.
JOHANNESBURG, Oct 29 South Africa's rand firmed on Monday, in line with other emerging market currencies, which have slowly restored gains after recent sharp losses.