All data is delayed
See More

Naspers invests R4.7bn in e-commerce

Nov 28 2012 09:08
Koos Bekker

Naspers boss Koos Bekker (AFP)

Company Data


Last traded 1906
Change -21
% Change -1
Cumulative volume 819477
Market cap 0

Last Updated: 09-10-2015 at 12:09. 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


Read Fin24’s Comments Policy 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
Comments have been closed for this article.

Company Snapshot

We're talking about:


With infrastructure spending having been identified as one of the key focus areas of the National Development Plan, tradesmen will continue to play a critical role in growing the South African economy through their skills.

Money Clinic

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

Voting Booth

A 30% a month return on investment is:

Previous results · Suggest a vote