NPN.JO - Naspers Limited

Johannesburg - Johannesburg Delayed Price. Currency in ZAc
346,001.00
+2,689.00 (+0.78%)
At close: 5:06PM SAST
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Previous Close343,312.00
Open344,600.00
Bid343,300.00 x 0
Ask349,997.00 x 0
Day's Range343,911.00 - 350,001.00
52 Week Range114,394.00 - 350,001.00
Volume628,502
Avg. Volume1,992,391
Market Cap1.495T
Beta (3Y Monthly)N/A
PE Ratio (TTM)13,249.13
EPS (TTM)N/A
Earnings DateJun 24, 2019 - Jun 28, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est296.97
  • Reuters7 hours ago

    Nasper's delayed internet assets float to go ahead in September

    South African e-commerce giant Naspers said on Friday the delayed multi-billion euro listing of its international internet assets, including its over 30% stake in China's Tencent, will go ahead on Sept. 11. Naspers was forced to delay the listing of its newly created Prosus subsidiary - which houses the assets worth more than 100 billion euros ($112.36 billion) - on Amsterdam's Euronext exchange in June following an administrative error by a third party involved in the planned flotation. "It's a significant step for Naspers and will present a new opportunity for global internet investors," Chief Executive Bob van Dijk said in a statement, adding he was pleased the listing was on track following the delay.

  • Motley Fool3 days ago

    3 Tech Listener Questions, Answered

    You wanted to know about Naspers, tariffs, and the SaaS bubble -- we’ve got answers.

  • PayU, Naspers' global fintech firm, enters Southeast Asia with acquisition of Red Dot Payment
    TechCrunch14 days ago

    PayU, Naspers' global fintech firm, enters Southeast Asia with acquisition of Red Dot Payment

    PayU, the Naspers-owned fintech firm that specializes in emerging markets, is broadening its global reach into Southeast Asia after it announced a deal to buy a majority stake in Singapore-based Red Dot Payment. Naspers is best known for its payments and fintech business in markets like India, Latin America, Africa and Eastern Europe, but now it will enter Southeast Asia, a market with more than 600 million consumers and rapidly rising internet access. PayU plans to tap that potential through Red Dot, an eight-year-old startup founded by finance veterans that offers services that include a payment gateway, e-commerce storefronts and online invoicing across Southeast Asia.

  • Naspers-backed Dott to launch e-bikes after new fundraising
    Reuters15 days ago

    Naspers-backed Dott to launch e-bikes after new fundraising

    European startup Dott has secured 30 million euros ($34 million) in a fundraising led by existing investors EQT and South Africa's Naspers to launch an electric bike hiring business and roll out new generations of its electric scooters. Europe's Dott, Tier and VOI, like U.S. rivals Bird and Lime, have put thousands of electric scooters on the region's roads, betting large commuter populations and lower car ownership than in the United States will make such transport a European staple. Dott, whose e-scooters operate in Brussels, Paris, Lyon and Milan, said on Thursday it would soon close a Series A funding round, which had also seen existing investors Axel Springer and Felix Capital make commitments.

  • Naspers Upends Century of History by Naming Black Woman CEO
    Bloomberg15 days ago

    Naspers Upends Century of History by Naming Black Woman CEO

    (Bloomberg) -- A little more than 100 years ago, Naspers Ltd. was created by white South Africans to produce a Dutch-language newspaper. Now the continent’s biggest company, Naspers just named its first woman, and first black person, as chief executive officer.Phuthi Mahanyele-Dabengwa’s appointment to head the South African unit doesn’t just buck the trend of white, male directors at Naspers. Only one black woman now runs a Top 40-listed company on the Johannesburg Stock Exchange and only seven men of color do. The new Naspers unit won’t be traded, at least right away, and includes e-commerce, food delivery, newspapers and online media.“Phuthi is qualified, and brings in some good experience, plus she brings some gender and racial equality into the mix,” said Ron Klipin, a senior analyst at Cratos Capital. “You need a person who can also take your South African portfolio forward and grow it, change the landscape even further.”Mahanyele-Dabengwa, 48, has connections at the top: She’s been CEO of Shanduka Group (Pty) Ltd., a black-owned investment holding company started by South African President Cyril Ramaphosa. She’s also on the board of the Cyril Ramaphosa Foundation. In addition, she’s held board positions at companies including mobile operator Vodacom Group Ltd., miner Gold Fields Ltd. and airline company Comair Ltd.“She is high-level and well connected,” said Paul Theron, founder and CEO of Johannesburg-based money manager Vestact. Her education includes an economics degree from Rutgers University in New Jersey and an MBA from De Montfort University in the U.K.Naspers is now a $108-billion company that invests mostly in technology around the world. Mahanyele-Dabengwa will need to be able to navigate political pressure as Naspers readies for a listing of its international internet assets in Amsterdam later this year, Theron said. That listing was delayed until September last month after an error sending details to shareholders meant a vote on the deal couldn’t go ahead.Challenges AheadAnother challenge is the uncertainty around which South African assets will be incorporated under the remaining home-market listing. While Mahanyele-Dabengwa will lead the group’s day-to-day business and be responsible for tech and startup-focused projects Naspers Foundry and Naspers Labs, her role after the Amsterdam listing is less clear. The company hasn’t said whether she’ll also be involved with the Dutch entity, to be called Prosus NV.Mahanyele-Dabengwa has most recently been executive chairperson of Sigma Capital, a privately held investment group that focuses on black-empowerment deals, private equity and joint ventures across sectors including finance, real estate, technology and energy. She declined to be interviewed.“She is very smart and she will adapt to the environment that she is being put into,” said Owen Nkomo, CEO of Inkunzi Wealth, who has worked with her recently on a number of projects. “She has worked closely with the current president, so in terms of access maybe to the right networks if that business does require access, I believe she will bring that into the company.”Naspers’s flagship asset is its $134 billion investment in China’s Tencent Holdings Ltd., whose growth helped transform the South African company into a multi-billion rand behemoth that has the power to influence the JSE’s movement. The Prosus listing is intended in part to reduce the company’s dominance of Johannesburg’s stock exchange.Nonetheless, South Africa remains a critical market for Naspers, which was founded in Stellenbosch, near Cape Town, in 1915. “It is our home country and our primary listing is on the JSE. It’s important to us to have an executive at the highest level dedicated to leading our interests in the country,” Naspers said.Mahanyele-Dabengwa joins Mpumi Madisa, CEO-designate of Bidvest Group Ltd., as one of the tiny number of women leaders in South Africa’s private sector. It’s not the only country where inequality still thrives in the boardroom: Women led about 18.8% of U.S. companies in 2014, up marginally from 17.6% in 2000, and the companies they ran tended to be newer and smaller, according to a recent analysis by the Federal Reserve Bank of St. Louis.“It’s terrible because there are a lot of skilled women who can lead listed companies,” Nkomo said. “The industry needs to change, the sector needs to change, so I applaud the guys that hired Mahanyele-Dabengwa to run Naspers in South Africa.”To contact the reporters on this story: Renee Bonorchis in Johannesburg at rbonorchis@bloomberg.net;Loni Prinsloo in Johannesburg at lprinsloo3@bloomberg.net;Prinesha Naidoo in Johannesburg at pnaidoo7@bloomberg.netTo contact the editors responsible for this story: Gordon Bell at gbell16@bloomberg.net, Anne Swardson, Rebecca PentyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters16 days ago

    Naspers picks Mahanyele-Dabengwa as CEO for South Africa

    Naspers on Wednesday appointed Phuthi Mahanyele-Dabengwa to the newly-created role of chief executive of South Africa for the media and e-commerce group. Founded more than 100 years ago in Stellenbosch, South Africa, Naspers has turned itself from a newspaper publisher into a $104 billion giant with e-commerce and internet investments, including a stake in China's Tencent. Naspers said Mahanyele-Dabengwa will report directly to CEO Bob van Dijk and will be based in Johannesburg where she will be responsible for the group's day-to-day business in South Africa and its recently-formed Naspers Foundry and Naspers Labs.

  • Reuters16 days ago

    UPDATE 1-Naspers picks Mahanyele-Dabengwa as CEO for South Africa

    Naspers on Wednesday appointed Phuthi Mahanyele-Dabengwa to the newly-created role of chief executive of South Africa for the media and e-commerce group. Founded more than 100 years ago in Stellenbosch, South Africa, Naspers has turned itself from a newspaper publisher into a $104 billion giant with e-commerce and internet investments, including a stake in China's Tencent. Naspers said Mahanyele-Dabengwa will report directly to CEO Bob van Dijk and will be based in Johannesburg where she will be responsible for the group's day-to-day business in South Africa and its recently-formed Naspers Foundry and Naspers Labs.

  • Naspers Delays Its Tencent Spin-Off: What Investors Need to Know
    Motley Fool21 days ago

    Naspers Delays Its Tencent Spin-Off: What Investors Need to Know

    An administrative error regarding mailing labels will delay the $100 billion spin-off.

  • Reuters28 days ago

    Naspers delays multi-billion euros internet float after admin error

    South Africa's Naspers has been forced to delay the multi-billion euro flotation of its international internet assets, including its lucrative stake in China's Tencent, after an admin error by a third party involved in the float. The company said a shareholders' meeting in Cape Town on June 28 to approve the flotation on Euronext Amsterdam, with a secondary listing on the Johannesburg Stock Exchange (JSE), had been cancelled and reconvened for Aug. 23. Naspers said the third-party error meant some postal copies of the resolution for the meeting had been wrongly addressed.

  • Naspers Sets the Date for Its Tencent Stake Spinoff: What Investors Need to Know
    Motley Fool29 days ago

    Naspers Sets the Date for Its Tencent Stake Spinoff: What Investors Need to Know

    The South African company's shares have been trading at a major discount for technical reasons. Hiving off its global internet assets into a new company should help ease the pressure.

  • Bloomberg29 days ago

    Naspers Invests in Africa Uber-Like Cleaning Service Startup

    (Bloomberg) -- Naspers Ltd. backed on-demand housekeeping service SweepSouth, part of a commitment to invest almost $100 million in tech startups in its home market of South Africa.The 30 million-rand ($2.1 million) stake makes Naspers the largest investor in the company through its Foundry fund. A valuation was not disclosed.SweepSouth, co-founded by Aisha Pandor and her husband Alen Ribic in 2014, lets users enter their location, the number of rooms that need cleaning, and any required extras such as laundry and ironing, then connects them to nearby workers. Payment takes place within the app.Although the investment announced Thursday is small by international standards, the Naspers unit, called Naspers Foundry, has said it intends to invest 1.4 billion rand in South African tech startups to bolster local entrepreneurs. That’s as Africa’s biggest company prepares to list its international internet assets on Euronext Amsterdam next month.Read more: Naspers Looks to Convince South Africans of Foreign Listing(Updates with founder in third paragraph.)To contact the reporter on this story: Loni Prinsloo in Johannesburg at lprinsloo3@bloomberg.netTo contact the editors responsible for this story: Rebecca Penty at rpenty@bloomberg.net, Nate Lanxon, John BowkerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Bloomberglast month

    Naspers Makes Its Biggest Takeover in Digital Payments

    The deal will expand the Dutch unit’s exposure to Turkey’s e-commerce market, which is growing at more than 10% a year, the company said in a statement on Tuesday. The acquisition must still be approved by regulators and is expected to close in the next few months, it said. Its focus on payments, one of fastest growing areas in finance, puts the company in position to take a share of an industry that Boston Consulting Group forecasts will produce $1 trillion in new revenue through 2027.

  • Europe's New Tech Giant Is 100 Times More Outrageous Than Facebook
    Bloomberglast month

    Europe's New Tech Giant Is 100 Times More Outrageous Than Facebook

    When Naspers Ltd. lists its technology investing unit in Amsterdam next month, the new company will have a market capitalization that’s likely to top $100 billion, a valuation derived entirely from its 31 percent stake in Tencent Holdings Ltd. The parent trades at a discount to the value of its holding in the Chinese web giant. It’s a holdover of Naspers’s current set-up, where the two classes of stock give the chairman and his cohort extra voting rights.

  • Naspers Looks to Convince South Africans of Foreign Listing
    Bloomberg2 months ago

    Naspers Looks to Convince South Africans of Foreign Listing

    The creation of the still generically named NewCo Group will hold such crown jewels as Naspers’s 31% stake in Chinese web giant Tencent Holdings Ltd. -- now worth $121 billion. Left behind in South Africa will be the media assets that Naspers has long made clear are not a priority -- plus local online ventures Takealot and Property24.

  • Reuters2 months ago

    Naspers to list businesses that hold Tencent stake on Euronext

    South African conglomerate Naspers plans to float consumer internet businesses with assets valued at more than 100 billion euros ($112 billion) on the Euronext stock exchange in Amsterdam on July 17, the media and tech group said on Wednesday. Naspers will retain a 73% stake in the new company, which will hold assets including Naspers' 31.2 percent stake in China's Tencent, as well as its OLX classified businesses in India and Brazil and its U.S. business, letgo. Naspers shareholders will receive shares representing 27% of the new company when it lists, Naspers said in a statement.

  • Reuters2 months ago

    Naspers sells Brazilian online comparison site Buscapé

    South African media and tech group Naspers Ltd has agreed to sell its Brazilian online price comparison website Buscapé to rival Zoom, it said in a statement on Tuesday. Reuters reported in June 2018 that Naspers had hired Citigroup Inc to sell Buscapé, as part of its strategy to focus its portfolio on classifieds, food delivery and financial technology startups. Naspers, which did not disclose the deal value, said the transaction is likely to be concluded this year.

  • China’s Ctrip Will Own Nearly Half of India’s MakeMyTrip After Share Swap
    Skift3 months ago

    China’s Ctrip Will Own Nearly Half of India’s MakeMyTrip After Share Swap

    Ctrip.com is increasing its foothold in India. China's largest online travel group intends to raise its position in India's MakeMyTrip to 49 percent in a share swap deal with Naspers, the company said Friday. Naspers offered Ctrip even more shares, which would have given it control of MakeMyTrip, noted analysts at Goldman Sachs, but Ctrip […]The post China's Ctrip Will Own Nearly Half of India's MakeMyTrip After Share Swap appeared first on Skift.

  • China's Ctrip now owns half of India's MakeMyTrip following share swap with Naspers
    TechCrunch3 months ago

    China's Ctrip now owns half of India's MakeMyTrip following share swap with Naspers

    China's Ctrip, the world's second largest online travel company, is doublingdown on India after it announced a deal to increase its ownership of travelcompany MakeMyTrip to nearly half