Naspers earns most of its revenue from its international arm, Prosus. (Photograph: File) JSE-listed technology giant Naspers says the 12 months to end-March was a knockout year with it delivering on its “ambitious” targets, including generating more than $7.3 billion (R120 billion) in revenue. The company, which earns most of its revenue through international arm…
Naspers and its Amsterdam-listed subsidiary, Prosus, have told shareholders to expect a sharp rise in core headline earnings for the year to 31 March 2026, in what the group has described as the completion of its shift from a passive technology investor into an “active operator of AI-driven lifestyle ecosystems”. In near-identical trading statements published…
Naspers and Prosus CEO Fabricio Bloisi Naspers and Prosus shares both shed around 7% on the JSE on Tuesday after the technology investment group warned it will sharply increase spending at iFood, its Brazilian food delivery crown jewel, to fight off an aggressive competitive offensive in its single most important operating market. In a letter…
Investors are becoming wary of AI companies’ spending on AI. (Graphic: Nicola Mawson | GenAI and Freepik) The concerns US investors have over the sustainability of hyperscalers’ artificial intelligence (AI) spending has crossed the Pacific, to not only weigh on Naspers subsidiary Tencent, but also on the JSE-listed company. These worries are reflected in the…
Koos Bekker Naspers and Prosus chairman Koos Bekker has sold shares in both companies worth about R2.5-billion over three trading days, according to regulatory disclosures. Filings published by Naspers and its European-listed subsidiary, global consumer technology investor Prosus, show that a family trust linked to Bekker disposed of shares in the two companies between 17…
Naspers and Prosus CEO Fabricio Bloisi. (Supplied) JSE-listed Naspers and its international arm Prosus are on track to deliver more than $7.3 billion – R126.44 billion – in revenue over the entire year, according to an interim results presentation this morning. This would represent an increase of around 1.4% on the top line year-on-year based…
Naspers units like Takealot were trading at a discount . Naspers’ fourth share split in its history is already showing positive momentum, with the stock up almost 4% over five days at its post-split price. The company’s move is aimed at boosting liquidity, making it easier for more investors to buy and sell the shares….
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…
