Naspers

Complimenting the Indian entrepreneurs as "among the best in the world," a top CEO of a South African global company has said India and South Africa are at the forefront of digital transformation and "jointly harnessing the power of technology." Phuti Mahanyele, CEO of Naspers South Africa, a global technology investment group, which has huge investments in India as well, was speaking at an event on Friday evening. The event - organised to present awards to ten women in different fields on International Women's Day - was…

Apple has removed several predatory lending apps from the App Store in India, after users took to social media and complained about them. Over the past few days, several users alleged that quick-loan apps with names like White Kash, Pocket Kash, Golden Kash had started showing up on the Top Finance Apps chart. These apps would demand unnecessary and intrusive permissions like access to the contact list and gallery, and would also harass and threaten users with dire consequences in case of a delay in payment. The apps were…

Prosus NV and its South African parent Naspers are cutting up to 30% of jobs at their corporate offices, the Dutch technology investor said. Prosus NV and its South African parent Naspers are cutting up to 30% of jobs at their corporate offices, the Dutch technology investor said. The companies are the latest major technology-based firms to make layoffs, after Google parent Alphabet's big cuts announced last week. "We are adapting to a changing macro environment and have been working for some time to strengthen…

Bloomberg: Naspers subsidiary Prosus sold 131.8M shares in JD.com, a ~4% stake worth $4B+, saying the e-commerce company “does not form part of core strategic focus” — An arm of South African internet giant Naspers Ltd. sold almost $4 billion worth of stock in JD.com Inc. that it got … Bloomberg: Naspers subsidiary Prosus sold 131.8M shares in JD.com, a ~4% stake worth $4B+, saying the e-commerce company “does not form part of core strategic focus” …

Tencent Holdings largest shareholder scrapped a promise not to sell more stock in the Chinese internet giant until 2024, saying it would pare its stake to fund a share-buyback program. The move by internet conglomerate Prosus NV and its parent company, Naspers represents a renewed effort to narrow the gap between how the two investment companies are valued by the market and the value of their holdings in Tencent and other assets. Tencent Holdingslargest shareholder scrapped a promise not to sell more stock in the…