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Takealot Group nears breakeven as revenue surges - Vimarsana News

Takealot Group nears breakeven as revenue surges

Global internet group Naspers said it delivered a strong financial performance for the six months ending September 2021, growing ecommerce revenues by 52%,…

Naspers Foundry invests R120m in Naked - Vimarsana News

Naspers Foundry invests R120m in Naked

Existing Naked investors Yellowwoods and Hollard also participated in the funding round, endorsing Naked’s growth plans and its success in rebuilding insurance for social good.

Source: iol.co.za
Prosus and Naspers Announce Intention for Prosus to Make a Voluntary Share Exchange Offer to Naspers Shareholders - Vimarsana News

Prosus and Naspers Announce Intention for Prosus to Make a Voluntary Share Exchange Offer to Naspers Shareholders

Prosus and Naspers Announce Intention for Prosus to Make a Voluntary Share Exchange Offer to Naspers Shareholders PLEASE SEE THE IMPORTANT DISCLAIMERS AT THE END OF THIS ANNOUNCEMENT. 1. INTRODUCTION Prosus Board") (Euronext Amsterdam: PRX; JSE: PRX) and the board of directors of Naspers Limited (" Naspers") (JSE: NPN; LSE: NPSN) are pleased to announce that Prosus intends to implement a voluntary exchange offer in terms of which, among other things, the holders of the N ordinary shares in the share capital of Naspers (" Naspers N Ordinary Shares") will be entitled, subject to the terms and c...

Naspers' strategic focus on South African startups pays off — Quartz Africa - Vimarsana News

Naspers' strategic focus on South African startups pays off — Quartz Africa

April 5, 2021 Naspers, Africa’s biggest company by market cap, has taken a wide-ranging approach to its international investments, from food delivery in Germany and Brazil, to edtech in India. In recent years, its growth in Africa has had a more singular focus: backing South African tech startups with global potential. Naspers began as a local newspaper company 100 years ago in South Africa. In 2018, it pledged $314 million to fund and grow South African tech businesses, dedicating a $92 million slice to a startup fund called Naspers Foundry. That pot made the Foundry one of the continent...

Source: qz.com
'The genie is out of the bottle': Educational technology booms in SA - Vimarsana News

'The genie is out of the bottle': Educational technology booms in SA

Schools shutdown hastens shift to online learning — for some 24 January 2021 - 00:05 By Arthur Goldstuck The explosion in online teaching during the pandemic has made educational technology one of the big winners in the venture capital industry, with SA’s delay of school opening ensuring that the momentum will continue this year. More significantly, it has opened a path to the future of education in the country, once the government lives up to its own promises in this regard. “The genie is out of the bottle, and there's no shoving him back in after the pandemic,” says Robert P...