SA Investing
Naspers to list R4bn printing unit Novus on JSE next month
South African media and internet group Naspers said on Wednesday that it plans to list its Novus printing unit on the JSE in March.
JOHANNESBURG, Feb 18 (Reuters) – South African media and internet group Naspers said on Wednesday that it plans to list its Novus printing unit on the Johannesburg Stock Exchange (JSE) in March.
"With an ever growing percentage of Novus's work now coming from third parties, and Novus's continued diversification of its revenue streams, it is appropriate to list Novus on the JSE," Naspers said.
Novus had revenues of 3.969 billion rand ($340 million) in the financial year ended March 31, 2014, and an operating profit 649 million rand.