Naspers propels M&A activity in Sub-Saharan Africa
Boosted by the $44.1 billion Naspers-Prosus share swap, the value of M&A transactions in the region reached $78.3 billion during the first nine months of 2021.
Naspers hunts for tech start-ups with remaining R1bn war chest
This financial year, the company wants to pump about R300 million into burgeoning businesses, with its investment vehicle set to announce a new investment deal before December.
Prosus bids $4.7bn for Indian fintech firm BillDesk
The proposed PayU deal will create a financial ecosystem handling four billion transactions annually.
Takealot appoints Mamongae Mahlare as group CEO
The appointment follows the announcement that Kim Reid will transition to chairman of Takealot Group during the course of this year.
Local insurtech firm Naked gets R160m funding
Naspers, through its early-stage tech investment vehicle Naspers Foundry, leads a multimillion-rand investment in Naked.
Naspers pumps R34m into digital insurance platform Ctrl
The company makes its first investment in the local insurtech sector as part of its R1.4 billion commitment to grow early-stage tech companies through Naspers Foundry.
SA’s start-up ecosystem achieves major milestone
South Africa becomes the first African nation to rank in the global top 50 of countries in terms of start-up ecosystems, according to a global index report.
Naspers’s e-commerce revenue outpaces Tencent
The company posts blowout e-commerce revenue growth of 55% for the year, outperforming the Chinese Internet giant, which posted 28% revenue growth.
Prosus nabs another edutech firm in R35bn deal
The GoodHabitz acquisition provides enterprise clients with cost-effective soft skills, such as leadership and management, and digital learning content.
Tech start-up WhereIsMyTransport gets R42m Naspers funding
The company invests $3 million in Cape Town-founded mobility technology start-up WhereIsMyTransport, through its early-stage tech investment vehicle.
Prosus swoops on Stack Overflow in R24bn deal
The global technology investor enters into a definitive agreement to acquire the knowledge-sharing platform for developers and technologists.