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Sub-Saharan Africa M&A Banking Fees Drop By 15% In 2020

Top Sub-Saharan African banks suffered a 15% drop in fees from advising on mergers and acquisitions (M&A) in 2020 as a fall in overall...

Media24 To Buy Out Welkom Yizani Investors and Delist The Empowerment Scheme

Media group Media24 announced on Thursday plans to buy out all shareholders of Welkom Yizani, its black economic empowerment share scheme.  The media group is...

Prosus’ PayU Spend R15.8 Billion in FinTech Acquisition Trail

PayU, the payments and FinTech business of Prosus, has invested a staggering $1 billion (R15.8 billion) on FinTech and mergers & acquisitions (M&A) globally...

Bob van Dijk has R65 Billion in Cash. The Boss of Prosus is Hunting for Buys

There is no doubt that Bob van Dijk, the CEO of Prosus, wants to make a big acquisition. The Dutch arm of South African...

SA’s Largest Online Retailer Takealot.com Revenues Defy Pandemic

South Africa’s largest online retailer, Takealot.com, reported on Monday a 41% jump in revenue to $238 million (R3.7 billion) in the six-months to end 30...

Naspers Takes A R45 million Bet On Local Online Learning Platform

Naspers announced today that it has invested R45 million in The Student Hub, a local online learning platform. The Student Hub increases access to vocational...

Naspers-Owned Prosus Announces R82 Billion Share BuyBack Plan

The Dutch arm of South African internet titan Naspers, Prosus announced on Friday plans to acquire up to $5 billion (R82 billion) in total of...

Prosus Ventures Makes its First Investment in Mexico

Prosus Ventures has announced its first investment in Mexico, leading a $15 million (R246 million) Series A funding round in Klar, a challenger bank in...

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