• Growing people

    What is the most powerful way to develop the capabilities of people at work? Ian Mann answers.

  • Wealth and poverty

    True riches would be to create a safe and satisfied community for all South Africans.

  • SABC shenanigans

    SA has already embarked on a slippery slope to autocracy, warns Terry Bell in Inside Labour.

All data is delayed
Loading...
See More

Naspers invests R4.7bn in e-commerce

Nov 28 2012 09:08
Reuters
Koos Bekker

Naspers boss Koos Bekker (AFP)

Company Data

NASPERS LIMITED [JSE:NPN]

Last traded 2252
Change -13
% Change -1
Cumulative volume 212097
Market cap 0

Last Updated: 27-07-2016 at 09:25. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Internet boosts Naspers profit

Naspers sees higher earnings

Naspers slides after Tencent tumbles

Koos Bekker to stay on at Naspers

Naspers up on Tencent profit rise

Naspers boss among Africa's 40 richest

 

Johannesburg - Naspers [JSE:NPN] plans to purchase more e-commerce companies after making R4.7bn in acquisitions in the six months leading up to September this year, according to a media report on Wednesday.

Naspers CEO Koos Bekker said the company would make as many as 20 more acquisitions in e-commerce leading up to March of next year, according to Business Report.

Naspers CFO Steve Pacak said the company had found e-commerce companies to be more reasonably priced in the first seven or eight months compared to the previous year.

He said sellers had dropped their price expectations following the less than anticipated results of Zynga, Groupon and the Facebook initial public offering.

Naspers e-commerce revenue increased by 61% to nearly R4bn.

However, about R1bn in spending on development left it with a trading loss of R767m.

 
naspers  |  koos bekker  |  e-commerce

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
2 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE SAVINGS ISSUE

Saving can make a lot of things possible, but we all know how hard it is to save. This special Savings Issue will help you get focused.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Have you experienced FNB’s outage problem?

Previous results · Suggest a vote

Loading...