Naspers profit surges as pandemic boosts online transactions

Naspers, Africa’s most valuable company, says Covid-19 has validated its push into e-commerce businesses such as food delivery, with profit almost doubling in its year to end-March.

The company, which is battling to reduce the hefty discount to which its shares trade, has held back on a dividend decision after unveiling a complex deal to swap shares with consumer internet arm Prosus in May...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

LETTER: Kruger still worth a visitBut the pandemic has placed huge financial stress on the park
Source: BDliveSA - 🏆 12. / 63 Read more »

Governments fall short in meeting citizens’ digital expectationsResults in study by EY and Ipsos Mori indicate much work remains to be done in responses to pandemic and crises
Source: BDliveSA - 🏆 12. / 63 Read more »

Ethiopia's election board 'confident' despite worry over voteTwice delayed, hobbled by the coronavirus pandemic, violent insecurity, and planning chaos, Ethiopia's electoral board says it is ready for Monday'... For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him RonelMoses32 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️
Source: eNCA - 🏆 49. / 51 Read more »

Editorial | The state has Covid fatigue | CitypressEditorial | The state has Covid fatigue and we are back in that horrible space where we wake up every day to check where this dreaded Covid-19 pandemic has unsheathed its deadly blade
Source: City_Press - 🏆 7. / 72 Read more »

Naspers and Prosus in share swap Catch-22 - The Mail & GuardianAsset managers are concerned about the share exchange but others welcome it because Naspers has dominated the JSE
Source: mailandguardian - 🏆 2. / 92 Read more »

Cement maker Sephaku shares soar on return to profitShares rise the most in almost four months as reopening of the economy boosts sales volumes
Source: BDliveSA - 🏆 12. / 63 Read more »