Total 12 Posts

Naspers has invested in SweepSouth

Naspers, through its Naspers Foundry startup investments division, has invested R30 million in South Africa's SweepSouth, an online platform which connects clients to domestic cleaners. This marks the funds first ever investment in a South African startup since being announced in 2018.

Naspers is doubling-down on Internet investments

Bob Van Dijk, CEO at Naspers, explains how they have transformed into a 100% Internet investment company.

Naspers to invest $415 million in South African technology startups

Naspers will invest over $400 million into South African startups and the country's technology sector.

The post 4th Industrial Revolution economy

The world around us is changing rapidly and almost every single business model is impacted by the new digital economy. The meteoric rise of the Big Tech firms has established them as the dominant new business models in the post 4th Industrial Revolution (4IR) economy. Apple, Amazon, Alphabet (Google), Microsoft,

MTN Group denies rumors that it will sell its stake in one of Afrika's largest e-commerce companies

Earlier this week, rumors and reports started circulating that MTN Group, one of Afrika's largest telecommunications companies, was looking to sell its 40% shareholding in JUMIA, a Rocket Internet founded e-commerce company. However, MTN has since come out to deny these reports. JUMIA, which has presence in several countries in

Zinox Technologies confirms full acquisition of Konga, says figure of $10 million is false

On 3 February 2018, Nigeria's Zinox Group announced, through THISDAY, that it had acquired e-commerce company, Konga. Konga was founded by Sim Shagaya in 2012 and has gone on to become one of Nigeria's large e-commerce companies. According to Zinox, the deal has been months in the making as they

Possible securities fraud charges against Naspers and its directors

Pomerantz LLP, a law firm in the USA, has issued a statement announcing that it is investigating claims on behalf of investors of Naspers Limited (Naspers). The law firm has said that the investigation concerns whether Naspers and certain of its officers and/or directors have engaged in securities fraud