Naspers has declared and finalised a five-for-one subdivision of both its “N” and “A” shares, saying the move will make the stock more accessible to retail investors. The implementation will kick in from Monday, 6 October 2025. New N ordinary shares will list on the JSE from Wednesday, 1 October, with the record date set…
Naspers has continued with its share buyback programme. Following digital giant Naspers’s latest announcement that it has bought back R564.4 million worth of shares, ITWeb calculates that it has now spent R130 billion returning value to shareholders. Naspers, with a current share price of R581.17, has long derived most of its value from its 24%…
Cobus Stofberg in an undated file photograph, likely taken in the 1990s, on the roof of MultiChoice’s broadcast centre in Randburg, Johannesburg. Image: MultiChoice Group Cobus Stofberg, a veteran of television broadcasting and media in South Africa – and a member of the founding team of M-Net and MultiChoice Group – is stepping down from…
A Just Eat delivery rider cycles through Manchester, UK. Phil Noble/Reuters Technology investor Prosus gained EU antitrust approval on Monday for its €4.1-billion (R84-billion) bid for Just Eat Takeaway, after agreeing to sell down its stake in Delivery Hero. Amsterdam-headquartered Prosus, which is majority owned by Naspers, announced the deal in February, banking on its…
Naspers SA CEO Phuti Mahanyele-Dabengwa. (Photograph by Lesley Moyo) As a finance industry juggernaut, Phuthi Mahanyele-Dabengwa says it’s exciting to be in the technology sector, especially as its impact is felt across industries. Mahanyele-Dabengwa is CEO of JSE-listed internet giant Naspers SA, while Fabricio Bloisi is group CEO of Naspers and its subsidiary Prosus. In…
JSE-listed Naspers and its Amsterdam-listed subsidiary, Prosus, have adopted an AI-first strategy that they said on Monday is paying dividends in their portfolio of e-commerce, classifieds, edtech, media and fintech businesses. According to the Naspers and Prosus 2025 annual results, published on Monday, AI is helping reduce costs and drive operational efficiency internally, while investment…
Technology investor Naspers reported a significant improvement in its financial performance for the year ended 31 March 2025, driven by strong growth and improved profitability in its global e-commerce portfolio. Naspers’ logo is pictured on a smartphone in this illustration taken, 4 December 2021. Reuters/Dado Ruvic/Illustration Group core headline earnings rose 46% to $3.1bn, while…
