Naspers Stock News

Global internet group Naspers said it delivered a strong financial performance for the six months ending September 2021, growing ecommerce revenues by 52%, while continuing to make investments to further accelerate growth across its portfolio.

JOHANNESBURG (Reuters) South African technology investor Naspers Ltd said on Monday its first half profit climbed 11%, driven by a large contribution from Chinese internet giant Tencent in which it indirectly holds a 29% stake. Its core headline earnings per share, which strips out gains or losses from non-operational items, stood at 416 U.S. Read More

Naspers Limited (JSE: NPN) delivered a strong performance in the six months ending 30 September 2021, growing ecommerce revenues 52%. The group stepped up investment to further accelerate growth a…

South African technology investor Naspers Ltd said on Monday its first half profit climbed 11%, driven by a large contribution from Chinese internet giant Tencent in which it indirectly holds a 29% st

Naspers Limited (OTCMKTS:NPSNY) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $34.04 and traded as high as $34.58. Naspers shares last traded at $34.20, with a volume of 66,699 shares changing hands. Several research firms have recently commented on NPSNY. Morgan Stanley []

Political analyst Dr Ralph Mathekga says there is nothing wrong with Action-SA and the Democratic Alliance (DA) having the same donors. The IEC report has revealed that the Oppenheimer family, businessman Martin Moshal and Naspers collectively donated millions to ActionSA and the DA ahead of the recent local government elections. The post Theres nothing wrong with ActionSA, DA having the same donors: Political analyst appeared first on SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa''s news leader. .

The details were released in line with the Political Party Funding Act which requires the disclosure of donations above R100,000.

Which parties received a combined R20m from a local philanthropist? Which party is supported by several members of the Oppenheimer family? How much did Ramaphosa donate to his cash-strapped ANC? All is revealed in the IEC political party funding report.

RisCura RisCuras Orient Opportunities China Equity fund has surpassed R13.2bn under management, having just celebrated its third anniversary. This makes it one of the largest, institutional multi-managed China equity funds globally. The fund allows institutional investors, The post SA institutional investors should look beyond Naspers for exposure to mainland China appeared first on COVER Magazine .

Koos Bekker has changed the face of South Africa''s digital landscape, and catapulted Naspers into the front row of African media. Phuti Mahanyele-Dabengwa, as Naspers CEO for South Africa now has a chance to throw down a ladder to South African startups, as head of Naspers Foundry, its incubator for fresh talent. They rank 5th and 6th on our list of Africa''s Top Digital Leaders Source

NASPERS, a global internet and entertainment group and technology investor, said yesterday that it had invested $5.2 billion (R79.3bn) in new acquisitions to expand its ecosystems, mainly in food delivery to position the business for continued long-term growth, and flagged lower headline earnings a share for the half-year ended September 2021. Prosus and parent Naspers told investors that earnings in the six months ended September would dim as the Chinese crackdown weighed heavily on Tencent. Naspers said headline earnings were expected to decrease in the current period by as much as 12 percent, mainly due to the increase in net finance costs and the decrease in the contribution of fair value gains by our associates. Tencent in tandem with the Chinese gaming industry has been subjected to stringent regulations. Naspers said core headline earnings per share for the current period was expected to increase by between 29 and 54 cents per share or 8 and 15 percent driven by a larger contribution from Tencent, despite the sale of a 2 percent holding in that group.

Mensa Brands, a technology-led House of Brands built for the e-commerce industry, has raised Series B funding of $135 million, led by Alpha Wave Ventures-Falcon Edge Capital with participation from all existing investors Accel Partners, Norwest Venture Partners and Tiger Global Management. Prosus Ventures (Naspers) also invested in Mensa in this latest funding round. Within six months of [] The post Mensa Brands Becomes The 37th Indian Unicorn In 2021 After Raising USD 135 million appeared first on Invest India News .

The Ananth Narayanan-led firm raised $135 million in a new funding round led by Alpha Wave Ventures (Falcon Edge Capital). Prosus Ventures (previously Naspers) joined the funding round as a new investor.