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Naspers and Prosus in ‘Position of Strength’ to Weather COVID-19

It is still too early to estimate the scope of any impact on Africa’s most valuable company Naspers's operations and financial information, particularly in...

Coronavirus: Naspers Commits R1.5-bn to SA’s COVID-19 Response

Naspers has committed R 1,5 billion in emergency aid to the government’s response to the Covid-19 crisis. The group will contribute R 500 million to...

SA’s Competition Watchdog Blocks Naspers Deal to Buy WeBuyCars

South Africa's competition watchdog has blocked Naspers deal to acquire WeBuyCars, a dealer in used vehicles in South Africa. The Competition Tribunal announced its decision...

Prosus Online Ad Firm OLX Brazil To Buy Grupo ZAP For R9,8-bn

OLX Brazil, an online marketplace that is owned by Dutch-listed Prosus, announced on Wednesday it has agreed to buy 100% shareholding in its competitor...

Investing In Tech Requires A Different Mindset

Technology and internet (tech) stocks now account for around 30% of US stock market value and 20% of global stock markets’ value. SA’s sole...

Prosus’ Swiggy Raises R1.7bn To Further Develop Its New Lines Of Business

Swiggy, India’s largest food delivery platform, has raised $113 million (R1.7 billion) to further develop its new lines of business, addressing visible gaps in...

Indian Startup Dot Raises R119m From Prosus’ PayU

Dot, an India-based offline-to-online (O2O) commerce and FinTech startup, announced on Thursday it has raised $8 million (R119 million) initial seed funding from Prosus-owned...

Prosus Bookbuild To Raise R22.5bn For Naspers

Africa’s most valuable company said in a statement on Wednesday that it intends to repatriate the proceeds to South Africa to buy back its own shares.

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