• Racial redress

    The next adult generation is at risk of being polarised on the basis of skin colour, says Solly Moeng.

  • To do list

    Keep separate lists to ensure your to-dos don't get cluttered and gain stress-free productivity, Ian Mann.

  • Clueless leaders

    Zim's leaders are clueless about managing the economy or leading the nation, says Malcom Sharara.

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 2238
Change 47
% Change 2
Cumulative volume 269725
Market cap 0

Last Updated: 30-06-2016 at 11:43. 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

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 DEBT ISSUE

Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.
 

Money Clinic

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

Voting Booth

Labour’s call for a cap on salary of high earners is?

Previous results · Suggest a vote

Loading...