Naspers half year earnings up 39%, classifieds turn profitable
Naspers ecommerce reduced trading losses materially on the back of strong contributions from classifieds, which turned profitable including letgo.
classifieds
Walmart outbids Amazon as Naspers pockets $2.2bn from Flipkart sale
Naspers announced the sale of its 11.18% stake in Indian ecommerce company Flipkart, to US-based retailer Walmart for $2.2bn, representing an IRR of approximately 32%.
Naspers’ $10.6bn war chest – reduces Tencent stake to 31.2%
Naspers plans to sell $10.6 billion worth of shares in Tencent, equivalent to 2 percent of the technology giant’s issued stock, to fund investments in other parts of its business.
Hire a grad – street corner classifieds
South African street corners have long been synonymous with beggars and window washers but there’s a new kid on the block – graduates looking for work.