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All posts tagged "Naspers"

  • Weekly Round Up #103: Big Naspers/Takealot deal, government backtracks on R1.5bn fund

    Welcome to Weekly Round Up, our podcast discussing the latest tech trends, innovation and news from the last few days. This week, Hadlee Simons hosts Andy Walker, Matthew Alexander and Stephen Timm in studio. The team open with the latest Zapiro cartoon to cause an uproar on South African social media. The image, displaying South Africa as a woman being gang-raped, had many South Africans furious with the cartoonist. We question whether or not the cartoon was necessary, and whether public discourse was productive. We then move on to Naspers R960-million investment in Takealot. The company, which is notorious for shutting down e-commerce sites...

  • Naspers ploughs R960m into Takealot, becomes majority shareholder

    Naspers has invested R960-million in Takealot, the online retailer announced today. It's not the first time Naspers has conducted a major deal with the online retailer either, having merged its Kalahari online store with Takealot back in 2015. The deal saw Naspers gain a 46.5% interest in the combined retail powerhouse. In a joint statement on the latest deal, the duo wrote that SA's online retail sector still accounts for "less than 2% of the non-grocery retail market and less than 1% of the total retail market". It added that, as a result, there was a lot of potential for the sector. "We...

  • ShowMax expands to Europe, with Poland its first destination

    Africa seems to be just a tad too small for growing South African streaming company ShowMax. The Naspers-owned video-on-demand company today announced that it has infiltrated Europe, with a new service launched in Poland. This is ShowMax's first big foray into Europe, after it initially offered Afrikaans channel KykNET to Europeans, North Americans, Australians, and New Zealanders. To be fair, though, ShowMax's Polish move is a substantial jump from its KykNET offering. "This is a big deal for us, especially coming just 18 months after we launched ShowMax," explains ShowMax head John Kotsaftis. "With more than seven million people paying for online...

  • Naspers: what next for South Africa’s most important internet company?

    Naspers' marketcap recently went past the R1-trillion mark, making it Africa's most valuable company Much of its success comes from a 2001 investment in Tencent, begging the question: what next? Why has it battled to find real organic success? Does its next big investment lie in India or Silicon Valley? Under CEO Bob Van Dijk, outlook is more global Right now Naspers is an unstoppable juggernaut. On 31 May, its market cap went past the R1-trillion mark, with its shares touching a record high of R2314.98 per share. That means it's currently worth more than the South African GDP and is officially the most...

  • Tencent in talks to acquire Clash of Clans developer – report

    Chinese firm Tencent is reportedly in talks to acquire a majority stake in mobile game studio Supercell, creators of the mega-popular Clash of Clans franchise. According to TechCentral, citing people familiar with the matter, the deal could value Supercell at a rather significant $9-billion. The publication's sources said that talks were still in the early ages and a deal might not be reached. They added that Supercell's valuation could change as talks continue. If successful, the acquisition could make South Africa's Naspers an even wealthier company, as it has a minority stake in Tencent. Tencent already plays host to successful mobile offerings, such as WeChat, while also having a minority stake in veteran mobile gaming...

  • Naspers Ventures unit opens new offices in San Francisco

    Naspers wants to become a Silicon Valley stalwart, and has subsequently set up new offices in San Francisco. The Cape Town-based media giant announced the move today, suggesting that it wishes to sink its roots into the area's deep startup culture. The new unit, dubbed Naspers Ventures, is what the company's CEO Bob van Dijk believes will begin its "next phase of growth." Naspers definitely isn't afraid of splashing spare change, with the company investing over US$1.5-billion in other companies in 2015, with investments as far reaching as Russia. "We believe we can utilize our deep knowledge of consumer internet and international markets to...

  • Report: Naspers’ Showmax to take on Netflix with global expansion plans

    According to reports, South Africa's media and internet giant Naspers is set to expand its recently-released video-on-demand (VoD) offering, ShowMax, to reach more than 15 million customers outside of its home country. ShowMax launched in South Africa in August this year, with 400 movies and more than 750 series titles. The package costs consumers R99 per month. The launch was followed by Hong Kong's VoD offering OnTapTV the next month. Both services launched amid rumours that the US-based Netflix is set to launch in South Africa and a host of other emerging markets early 2016. They joined the market with altready established...

  • ONTAPtv.com: what you should know about South Africa’s new à la carte on demand video service

    On Wednesday South Africa received a new video on demand (VoD) service in the shape of ONTAPtv.com. This new service, which has packages starting at R39 and allows for video downloads is clearly aimed at a different audience to that of its competitors. ONTAPtv.com launches with a library of over 2 500 movies and television episodes, with titles ranging from the cult-classic Army of Darkness to Batman: Mask of the Phantasm and even Mad Max: Fury Road. Some of the content available from studios include BBC Worldwide, Metro-Goldwyn-Mayer (MGM), SABC, CSI Sports, Now TV, and Warner Bros. While ONTAPtv.com's most obvious competitor,...

  • News24 to close down comments section because of ‘hate speech’

    Today, popular South African news website News24 announced its closure of their comments system because of "hate speech." The announcement came in the form of a post by News24's editor-in-chief, Andrew Trench. While this decision means that News24 will join the likes of Reuters, CNN, and Popular Science, it certainly isn't void of controversy among readers. In the post, Trench states the comments system will be closed on 11 September. While all comments on articles will automatically be set to "off", it will be at editorial's discretion to open comments on select articles. This decision will be geared towards articles where...

  • Weekly Round Up #31: Alphabet, Bic’s fail, Naspers’ Netflix, M4JAM buys Pondering Panda

    Welcome to Weekly Roundup, our podcast discussing the tech trends, innovation and news from the last few days. This week on BurnCast, Stuart Thomas, Jacques Coetzee and Graham Van Der Made discuss Google's new parent company Alphabet, Bic SA's Women's Day fail, Naspers' attempt at opening a Netflix competition, and M4JAM acquisition of digital market research company Pondering Panda. This week started with a bang as Google announced that it was starting a parent company called Alphabet. The news caught the world unawares and as a result a lot of confusion ensued. Some people thought Google had changed its name but...

  • Here’s why you shouldn’t treat Naspers’ numbers as evidence of a tech bubble

    One of the most followed stories and right in the heart of the debate around tech bubbles and valuations (especially in the emerging markets space) is Naspers. The numbers it reported this morning are unlikely to change that, although the probably should. There are many segments of the market that have been telling everyone else, with a lot of energy, that you should not buy Naspers and that it is completely overvalued. From an earnings point of view, that is the case, BUT when you have a combination thereof (what the TenCent stake is worth) and what the earnings...

  • Life after Koos Bekker: where to next for Naspers?

    There’s a quote from outgoing Naspers chief executive Koos Bekker buried right at the end of Sunday’s City Press article that tells you an awful lot about the man. In a note to staff, (as the newspaper points out) his humility is stark: “We screwed up frequently, but we had a great deal of fun and I couldn’t imagine another job that would have fitted my limited talents better, that would have given me more pleasure.” Bekker is acutely aware of his limitations. Perhaps that’s why he’s decided to step down now? But it hasn’t been the smoothest and most...

  • Naspers’ Bekker steps down as company shifts ecommerce strategy

    Naspers CEO Koos Bekker is stepping down, the emerging markets media and internet giant today revealed. In an official press release posted to the company's website, Naspers says that Bekker will step down from the Naspers board for a year before taking over from Ton Vosloo as chairman in 2015. Bekker, who is largely responsible for turning Naspers from an exclusively print and broadcast player into an emerging markets internet powerhouse, will be replaced by Bob van Dijk. Currently Naspers' most senior ecommerce head, his appointment reflects the increasingly important role ecommerce is playing at the company. Van Dijk,...

  • Tencent slide sees Naspers stock take 7% hit

    Media and technology giant Naspers' stocks fell sharply today on the back Chinese internet company Tencent taking a beating on the Hong Kong Stock Exchange. The South Africa-based company saw its stocks fall over seven percent following a five percent slide from Tencent earlier in the day. It seems as if the Tencent fall is largely down to a fall in investor confidence on the Hong Kong Stock Exchange as a whole. That lack of confidence may have been spurred by the banning of a number of US accounting companies from operating in China. The ban came about...

  • 6 big numbers to come out of Naspers’ latest set of results

    Over the past decade or so, Naspers has gone from being a reasonably large media and publishing outfit to being an emerging markets internet colossus with major investments Brazil, Russia, China and India, among others. That move into the internet and technology sector, as well as its aggressive offshore expansion, has been massively important for the company. The changes, largely driven by CEO Koos Bekker, mean that Naspers has been able to ride positive market sentiment to a market cap of around R400-billion (US$39-billion) based on a share price that's hovered around the R1 000 mark in recent times....