Tag: Naspers

South African billionaire Koos Bekker hit by $500 million loss in share slide

The drop follows a steady slide in the shares of Naspers and its Amsterdam-listed unit Prosus, two companies central to his fortune.

Omokolade Ajayi April 30, 2026

Phuthi Mahanyele-Dabengwa, first Black chief executive of Naspers, South Africa.

Business Hot News

South African executive Phuthi Mahanyele-Dabengwa eyes $5 million moonshot award

Phuthi Mahanyele-Dabengwa could receive up to $5 million in Prosus and Naspers shares by 2029 under a long-term performance-linked incentive plan.

Omokolade Ajayi April 19, 2026

Business Exclusive Hot News

Meet Soweto-born Phuthi Mahanyele-Dabengwa, first black chief executive of $40 billion South African giant, Naspers

Phuthi Mahanyele-Dabengwa, from Soweto, rises to lead $40 billion Naspers, marking a milestone in African corporate leadership.

Omokolade Ajayi April 7, 2026

Billionaires Business Hot 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 March 16, 2026

Hot News Technology

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 March 11, 2026

Hot News Technology

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 February 13, 2026

Gold Fields’ mining operation in South Africa.

Business Hot 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 February 8, 2026

Business Hot 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 February 4, 2026

Business Exclusive

Africa’s $10 billion club

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

Feyisayo Ajayi September 29, 2025

Hot News Technology

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 June 23, 2025

Hot News Technology

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 February 26, 2025

Business Hot News Technology

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 January 25, 2025