Tag Archives: Naspers
Naspers: Latest News
Peter Pedroncelli, 3:54 am
Naspers, Africa’s biggest company by market value, is set to approach American and British investors to discuss a bond issue in an effort to continue the expansion of their online businesses and interests through more acquisitions. Cape Town-based Naspers is a global internet and entertainment group that has built a reputation as one of the largest technology investors in the world. It owns stakes in numerous international companies including Multichoice, ShowMax, Mail.ru, Flipkart, PayU, Konga, Takealot.com, OLX and Chinese investment holding company Tencent, giving Naspers a market value of around $90 billion.
Tom Jackson, 12:09 pm AFKI Original
ShowMax’s European launch is proof that its hyper-local video-on-demand concept, pioneered in Africa, has wider application, says ShowMax Africa head Chris Savides. The cost of mobile data may be the biggest factor affecting the uptake of subscription video-on-demand on the continent. A number of services have tried and failed. It’s not an easy business because it’s not just about the technology, but also about understanding customer needs and content. “It may be that your niche isn’t the type of content but how you deliver that content in a way nobody else is doing,” Savides told AFKInsider.
Dana Sanchez, 11:07 am AFKI Original
South African media giant Naspers is launching its 18-month-old internet TV service ShowMax in Poland. It plans to provide hyper-local content and original productions rather than trying to compete with expensive shows designed to appeal to audiences worldwide. It’s competing with the much older, bigger, more established U.S. firm Netflix, which launched in 1998. Netflix is also commissioning original content, but it has an overseas problem, one commentator said. “It just doesn’t have the amount of local content that some of the (streaming and pay TV) competitors have.”
Dana Sanchez, 2:06 pm
McDonald’s opened its first burger and fast-food restaurant in South Africa in 1995, and now has more than 200 stores. Chinese mobile messaging app WeChat is trying to compete with Facebook-owned WhatsApp, which dominates in SA, by collaborating with large merchants like McDonald’s. Customers can now pay at McDonald’s using mobile payments at some locations. WeChat is dominant in China, where 200M-plus use its mobile payment platform. Mobile payments have not caught on in SA like they have in China or Kenya.
Dana Sanchez, 10:35 am
Naspers owes its fortune to one great investment — a 34% stake in China’s top internet service, Tencent. The stake is worth more than Naspers itself. Investors aren’t impressed with Naspers’ operations in some markets. The mega firm is aggressively selling some assets, buying others and expanding online classifieds in new markets including the U.S., where it hopes to topple Craigslist.
Peter Pedroncelli, 11:50 am AFKI Original
Naspers is Africa’s most valuable company, and it has built its $72 billion valuation through investments in international companies and the creation of other businesses that have gone global. The South African media company which is listed on the Johannesburg and London Stock Exchanges has stakes in about 45 technology and media companies around the world. Here are 15 global businesses owned by Africa’s most valuable company, Naspers.
Dana Sanchez, 5:37 pm
The conversation tends to focus on the contribution made by Tencent, but Flipkart, Naspers’ e-commerce play in India, could be as good as Tencent. And Naspers’ impact across Africa is huge. It still has big growth opportunities with ShowMax, says Arthur Goldstuck, managing director of researcher World Wide Worx. Here’s a rundown of some of the things Cape Town-based Naspers owns — besides a third of Tencent.
Dana Sanchez, 5:13 pm
The entire fixed satellite services sector is under pressure from the economic slowdown plus an increased supply of satellite bandwidth. Intelsat is struggling to service $15 billion in debt at a time of slow growth in its satellite telecommunications business. Just to maintain its current fleet requires a capital investment in about three satellites a year. Fresh concerns about near-term prospects for the major satellite fleet operators were raised after Eutelsat — one of the world’s big three — issued a revenue and profit warning.
Kevin Mwanza, 7:34 am
Naspers, Africa’s biggest company by market value, said on Friday that its satellite payTV service DSTV lost 288,000 subscribers in the last one year as more people were not able to afford the service, the company’s chief executive said. Bob Van Dijk told Mail & Guardian Africa the South African-based company decided to freeze its payTV prices as it expected the next few years to be difficult in Africa and was “on the lookout” for potential acquisition targets to grow its internet business internationally.
Kevin Mwanza, 5:45 am
Africa’s largest company Naspers has launched its internet-TV and video streaming service ShowMax in 36 African countries in a bid to counter Netflix entry into the continent. Naspers, which also owns the dominant satellite television service in sub-Saharan Africa, DStv, through its subsidiary MultiChoice Africa, launched ShowMax in South Africa in August 2015 – in anticipation of rumored Netflix’s global expansion into the continent.
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