Naspers

The Africa Business Leaders Coalition calls for greater private sector climate action at COP28

Retrieved on: 
Friday, December 8, 2023
COP28, Agenda 2063, Policy, United Nations Global Compact, Partnership, Community service, DP World, Naspers, GHG, ABLC, Rural development, Reception, Environment, African Development Bank, Climate, Coalition, COP, Columbia, Private sector, Human, Nationally determined contribution, Climate change, Speech, Capital, Assistant, Public sector, Agenda, Renewable energy

It provides a platform for African business leaders to have a unified private sector voice as they actively and meaningfully engage on the continent’s most pressing issues through an organized, forward-looking, principles-based approach.

Key Points: 
  • It provides a platform for African business leaders to have a unified private sector voice as they actively and meaningfully engage on the continent’s most pressing issues through an organized, forward-looking, principles-based approach.
  • The coalition has been instrumental in driving collective climate action through the Africa Business Leaders’ Climate Statement endorsed at COP 27.
  • The Reception convened top-tier executives, heads of private sector entities, heads of states, government officials, and intergovernmental organization representatives to discuss initiatives to propel climate action and sustainable development across Africa.
  • The event aimed to foster engagement between the private and public sector on climate action to underscore the importance of collaboration in shaping an environment to accelerate climate action, including mitigation, adaptation, and resilience.

Prosus Accelerates Profitability Target and Delivers on Objectives

Retrieved on: 
Wednesday, November 29, 2023
Technology, Retail, Food Tech, Other Professional Services, Blockchain, Finance, Electronic Commerce, Restaurant, Bar, Professional Services, Artificial Intelligence, Payments, Other Technology, Internet, Fintech, Tencent, Sale, EBITDA, Payment Services Directive, Investment, PSP, Delivery Hero, GPO, Red Dot Payment, OLX, Growth, TPV, AI, PayU, GMV, Video game, Airline, Naspers, E-commerce, Remitly

Basil Sgourdos, Group CFO, Prosus and Naspers, commented: “The Group has delivered a strong financial performance, beating industry levels of growth, while significantly accelerating profitability.

Key Points: 
  • Basil Sgourdos, Group CFO, Prosus and Naspers, commented: “The Group has delivered a strong financial performance, beating industry levels of growth, while significantly accelerating profitability.
  • Our Classifieds and Food Delivery segments are both profitable, and PayU is making strong progress towards profitability.
  • iFood grew Gross Merchandise Value (GMV) by 15% and revenue by 17%, resulting in a trading profit of US$23m, up 149%.
  • Strong performance by key investments:
    Delivery Hero grew group GMV by 8% in Q2 2023, with H1 revenue up by 27%, boosting profitability to an adjusted EBITDA of €9m.

Naspers Accelerates Profitability Target and Delivers on Objectives

Retrieved on: 
Wednesday, November 29, 2023
Food, Beverage, Retail, Automotive, Finance, Internet, Online Retail, Electronic Commerce, Professional Services, Technology, Delivery Services, Fintech, Restaurant, Bar, Publishing, Payments, Advertising, Communications, Media, General Automotive, Apps, Applications, Tencent, Sale, EBITDA, Payment Services Directive, Investment, PSP, Delivery Hero, GPO, Red Dot Payment, OLX, Growth, TPV, AI, PayU, GMV, Video game, Airline, Naspers, E-commerce, Remitly

Basil Sgourdos, Group CFO, Prosus and Naspers, commented: “The Group has delivered strong financial performance, beating industry levels of growth, while significantly accelerating profitability.

Key Points: 
  • Basil Sgourdos, Group CFO, Prosus and Naspers, commented: “The Group has delivered strong financial performance, beating industry levels of growth, while significantly accelerating profitability.
  • Our Classifieds and Food Delivery segments are both profitable, and PayU is making strong progress towards profitability.
  • iFood grew Gross Merchandise Value (GMV) by 15% and revenue by 17%, resulting in a trading profit of US$23m, up 149%.
  • Strong performance by key investments:
    Delivery Hero grew group GMV by 8% in Q2 2023, with H1 revenue up by 27%, boosting profitability to an adjusted EBITDA of €9m.

Prosus Updates on Open-ended Share Repurchase Programme

Retrieved on: 
Wednesday, October 18, 2023
Technology, Electronic Commerce, Professional Services, Digital Cash Management, Digital Assets, Payments, Apps, Applications, Other Technology, Thought Leadership, Business, Blockchain, Software, Food Tech, Other Professional Services, Data Management, Finance, Consumer Electronics, Fintech, Finance Secretary (India), JSE, NAV, AEX, CCAS, US, Share repurchase, Cryptocurrency, Tencent, Prosus, Naspers

Prosus N.V. (Prosus) (AEX and JSE: PRX): To continue its value accretive open-ended share repurchase programme, this week Prosus will convert 96 million Tencent shares it owns from certificate form to digital form, through a process of dematerialisation.

Key Points: 
  • Prosus N.V. (Prosus) (AEX and JSE: PRX): To continue its value accretive open-ended share repurchase programme, this week Prosus will convert 96 million Tencent shares it owns from certificate form to digital form, through a process of dematerialisation.
  • On 27 June 2022, Prosus and Naspers announced the launch of an open-ended share repurchase programme of Prosus and Naspers shares.
  • The dematerialisation does not reflect any change in strategy for Prosus and Naspers and is solely to allow the market trading of these shares in an orderly way, in accordance with the open-ended share repurchase programme.
  • Over this time, the Prosus free float has reduced by 17%, leading to an improvement in NAV per share of almost 7%.

Naspers and Prosus Announce Executive Leadership and Board Change

Retrieved on: 
Monday, September 18, 2023
Other Professional Services, Data Management, Technology, Finance, Fintech, Food Tech, Banking, Business, Apps, Applications, Professional Services, Digital Cash Management, Digital Assets, Other Technology, Payments, Software, Internet, NPN, Growth, JSE, Interim, Ervin, Payment, AEX, Management, Prosus, Naspers

Prosus (AEX and JSE Share Code: PRX) and Naspers Limited (JSE: NPN) announced today that Bob van Dijk is stepping down as CEO and Board member of Naspers and Prosus after 10 successful years of leadership.

Key Points: 
  • Prosus (AEX and JSE Share Code: PRX) and Naspers Limited (JSE: NPN) announced today that Bob van Dijk is stepping down as CEO and Board member of Naspers and Prosus after 10 successful years of leadership.
  • Bob will assist with this transition and will remain as a consultant to the Boards until 30 September 2024.
  • Bob has helped establish the Group as a leading global consumer internet company, creating significant value for shareholders.
  • “The Boards of Prosus and Naspers want to thank Bob for his leadership over a full decade,” said Koos Bekker, chair.

Naspers and Prosus Announce Executive Leadership and Board Change

Retrieved on: 
Monday, September 18, 2023
Apps, Applications, Technology, Finance, Fintech, Professional Services, Business, Software, Data Management, Retail, Online Retail, NPN, Growth, Interim, JSE, Ervin, Payment, AEX, Management, Naspers

Naspers Limited (JSE: NPN) and Prosus (AEX and JSE Share Code: PRX) announced today that Bob van Dijk is stepping down as CEO and Board member of Naspers and Prosus after 10 successful years of leadership.

Key Points: 
  • Naspers Limited (JSE: NPN) and Prosus (AEX and JSE Share Code: PRX) announced today that Bob van Dijk is stepping down as CEO and Board member of Naspers and Prosus after 10 successful years of leadership.
  • Bob will assist with this transition and will remain as a consultant to the Boards until 30 September 2024.
  • Bob has helped establish the Group as a leading global consumer internet company, creating significant value for shareholders.
  • “The Boards of Prosus and Naspers want to thank Bob for his leadership over a full decade,” said Koos Bekker, chair.

Bloomberg Law In-House Forum Spotlights Cyber Risks and Data Privacy Laws

Retrieved on: 
Wednesday, September 13, 2023
Insurance, Naspers, EU, Face, Bloomberg Law, Versata Development Group, Inc. v. SAP America, Inc., EBay, CLE, Associate, Trans-Atlantic Data Privacy Framework, GlobalSecurity.org, European Data Protection Supervisor, Machine learning, Mastercard, GDPR, SAP, AI, Computer security, Medical device, Privacy

ARLINGTON, Va., Sept. 13, 2023 /PRNewswire/ -- Bloomberg Law today announced that its annual In-House Forum will be held virtually on Wednesday, September 20, from 1:00 p.m. to 3:00 p.m. Eastern Time. The CLE-eligible event will focus on cyber risks and data privacy laws, the two biggest threats associated with collecting, using, and storing data. Registration for the event, Unlocking the Power of Data: Aiming for Privacy and Cyber Stewardship, is available at http://onb-law.com/JTRN50PL6Oy.

Key Points: 
  • The CLE-eligible event will focus on cyber risks and data privacy laws, the two biggest threats associated with collecting, using, and storing data.
  • Registration for the event, Unlocking the Power of Data: Aiming for Privacy and Cyber Stewardship, is available at http://onb-law.com/JTRN50PL6Oy .
  • "This year's In-House Forum offers the opportunity to hear from practitioners who are uniquely qualified to provide solutions for navigating data privacy issues and how to mitigate cyber risks in the face of the exploding use of AI, big data, and machine learning."
  • Caroline Louveaux, Chief Privacy & Data Responsibility Officer, Mastercard
    Anna Zeiter, Associate General Counsel & Chief Privacy Officer, eBay
    Dominique Shelton Leipzig, Cybersecurity & Data Privacy Partner, Mayer Brown
    Dan Nirdlinger, Global Security Advisor – Regulatory Compliance and Data Governance, SAP America, Inc.
    Monika Tomczak-Gorlikowska, Chief Privacy Officer and Group Head of Privacy, Naspers and Prosus Group

Prosus N.V.: Results of Annual General Meeting

Retrieved on: 
Wednesday, August 23, 2023
Data Management, Technology, Professional Services, Business, Blockchain, Other Technology, Apps, Applications, Other Professional Services, Internet, Fintech, Finance, Heart, Private sector, Abigail Strate, Food, Life, Face, Agriculture, Disclosure, Social, Intelligence, NAV, N, Sale, STI, Entrepreneurship, Food delivery, Investment, Transaction, CFO, Growth, Prosus, ESG, Climate, System, E-commerce, Remuneration, Payment, Safety, Online shopping, Cryptocurrency, Management, Bank, Marketing, Renewable energy, Security (finance), Naspers, Tencent

In the past year, the group made real progress on the challenge of the discount to net asset value at which Prosus and Naspers shares trade.

Key Points: 
  • In the past year, the group made real progress on the challenge of the discount to net asset value at which Prosus and Naspers shares trade.
  • Since mid-2022, the repurchase programme has reduced this discount by 19% at a Prosus level and 21% at a Naspers level.
  • Prosus still holds around 26% of Tencent, reflecting a high degree of confidence in the future of Tencent, one of the truly great tech businesses globally.
  • Today, Prosus has a significant positive impact on the daily lives of billions of customers in over 100 countries.

Removal of the Cross-holding Structure Update: Publication of the Notice of Annual General Meeting and Naspers Circular

Retrieved on: 
Wednesday, July 26, 2023
Professional Services, Apps, Applications, Technology, Other Technology, Software, Finance, Internet, JSE, Transaction, AEX, The Warehouse Group, Management, Security (finance), Naspers, Prosus

Prosus Shareholders are advised that Naspers has today, on Wednesday, 26 July 2023, published a circular providing the shareholders of Naspers (Naspers Shareholders) with further information pertaining to the implementation of the Proposed Transaction insofar as it relates to Naspers (the Naspers Circular).

Key Points: 
  • Prosus Shareholders are advised that Naspers has today, on Wednesday, 26 July 2023, published a circular providing the shareholders of Naspers (Naspers Shareholders) with further information pertaining to the implementation of the Proposed Transaction insofar as it relates to Naspers (the Naspers Circular).
  • The Naspers Circular accompanies the notice that convenes the virtual annual general meeting of Naspers Shareholders to be held at 14:00 SAST on Thursday, 24 August 2023 (the Naspers AGM), which has also been published and posted to Naspers Shareholders today, on Wednesday, 26 July 2023 (the Naspers AGM Notice).
  • The Naspers AGM Notice, and the accompanying Naspers Circular are available on Naspers’s website at www.naspers.com/investors/shareholder-centre/shareholder-meetings .
  • The removal of the cross-holding structure between Naspers and Prosus pursuant to the Proposed Transaction is subject to the approval of Prosus Shareholders and Naspers Shareholders of the requisite shareholder resolutions.

Naspers Limited: Notice of Annual General Meeting

Retrieved on: 
Wednesday, July 26, 2023
Other Retail, Online Retail, Technology, Professional Services, Online, Electronic Commerce, Entertainment, Retail, Internet, Fintech, Finance, Shareholder, Repurchase agreement, SENS, TMS, Annual, Annual general meeting, African, JSE, NPN, Annual report, Security (finance), Management, Cryptocurrency, Holding company, Naspers, Prosus

Naspers  (JSE:NPN) shareholders (Shareholders) are advised that notice is hereby given, in terms of the notice of annual general meeting posted to Shareholders today, on Wednesday, 26 July 2023 (Notice of Annual General Meeting), that the virtual annual general meeting of Naspers (the Annual General Meeting) will be held at 14:00 SAST on Thursday, 24 August 2023, entirely by electronic communication as permitted by the Companies Act 71 of 2008, and by Naspers's memorandum of incorporation.

Key Points: 
  • Naspers  (JSE:NPN) shareholders (Shareholders) are advised that notice is hereby given, in terms of the notice of annual general meeting posted to Shareholders today, on Wednesday, 26 July 2023 (Notice of Annual General Meeting), that the virtual annual general meeting of Naspers (the Annual General Meeting) will be held at 14:00 SAST on Thursday, 24 August 2023, entirely by electronic communication as permitted by the Companies Act 71 of 2008, and by Naspers's memorandum of incorporation.
  • Naspers has retained the services of The Meeting Specialist Proprietary Limited (TMS) to host the Annual General Meeting, and the remote hosting of the Annual General Meeting will be on an interactive electronic platform that will facilitate remote participation and voting by Shareholders.
  • The Notice of Annual General Meeting, and the accompanying Naspers Circular, are also available on Naspers’s website at www.naspers.com/investors/shareholder-centre/shareholder-meetings .
  • Any decision to approve the shareholder resolutions pertaining to the Proposed Transaction at the Annual General Meeting should be made only on the basis of the information in the Naspers Circular and/or the Notice of Annual General Meeting.