Tag: Naspers

BillionairesBusinessHot News

South African billionaire Koos Bekker loses $400 million in two months

South African billionaire Koos Bekker loses $400 million as Naspers and Prosus shares fall amid global market pressures.

Omokolade Ajayi Omokolade Ajayi
Hot NewsTechnology

Naspers shares rise after 20% slump, market cap hits $44 billion

Shares of Naspers rebound after a 20 percent slump, lifting market value above $44 billion as investor confidence returns.

Omokolade Ajayi Omokolade Ajayi
Hot NewsTechnology

Tencent AI setbacks in China wipe $8.26 billion off Naspers’ market cap

Naspers loses $8.26 billion in market value as Tencent’s AI setbacks deepen, dragging shares down 19.3 percent despite strong ecommerce growth.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Johannesburg-based Gold Fields overtakes Naspers as Africa’s most valuable company

Gold Fields has overtaken Naspers as Africa’s most valuable company after a gold price rally lifted mining stocks on the JSE.

Omokolade Ajayi Omokolade Ajayi
Prosus
BusinessHot News

Prosus, Amazon strike AI, cloud deal to cut costs by double digits      

Prosus signs a multi-year AWS cloud and AI deal, aiming for double-digit cost savings across its global portfolio.

Timilehin Adejumobi Timilehin Adejumobi
Africa’s $10 billion club
BusinessExclusive

Africa’s $10 billion club

Africa’s $10 billion club highlights banking, mining, telecom, and tech giants shaping global investment trends.

Feyisayo Ajayi Feyisayo Ajayi
Naspers
Hot NewsTechnology

Africa’s $50 billion giant is banking on India to create a $100 billion tech company

Naspers eyes India’s booming tech scene, betting $10 billion via Prosus to replicate its Tencent success and spark the next $100 billion startup.

Omokolade Ajayi Omokolade Ajayi
Naspers
Hot NewsTechnology

Naspers, Africa’s most valuable company, hits $44.3 billion market cap

The global consumer internet giant has added $4.76 billion in value since the start of the year, driven by renewed investor confidence and key global developments.

Omokolade Ajayi Omokolade Ajayi
Naspers
BusinessHot NewsTechnology

U.S. blacklist of China’s gaming giant wipes out $3.8 billion from Africa’s most valuable company

This decline reflects a ripple effect from Tencent’s own struggles, with the Chinese tech giant’s shares falling over 6 percent since the start of the year.

Omokolade Ajayi Omokolade Ajayi
Naspers
BusinessHot NewsTechnology

Naspers tops $40 billion market cap, holds position as Africa’s most valuable firm

Naspers’ market cap has now surpassed the $40 billion mark, reflecting its resilient performance despite global economic challenges.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Africa’s 20 most valuable companies in September 2024

At a Glance South Africa dominates Africa’s top companies list, reflecting its economic and industrial strength on the continent. Naspers Limited leads as Africa’s most valuable company with a $36.2 billion market cap, showcasing global tech prowess. Of 20 top companies, 17 are South African, while Morocco, with a 3.4% GDP growth, highlights its rising economic influence. A glance at…

Omokolade Ajayi Omokolade Ajayi