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.
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