Company Data
| Last traded |
R388.25 |
| Change |
R-1.64 |
| % Change |
-0.42% |
| Cumulative volume |
3.05m |
| Market cap |
R159.39bn |
Related Articles
Top Stories
Feb 09 2012 12:24
Greek leaders have failed to agree on reforms and austerity measures, forcing the finance minister to go to the country's financial backers with an incomplete deal.
Feb 09 2012 09:09
Kumba Iron Ore has reported a rise in full-year profit, boosted by higher iron ore prices and said it expects export volumes to rise in the current financial year.
Feb 09 2012 08:33
South Africans owe banking institutions an estimated R1bn, the Banking Association of SA has said in court papers, according to a report.
Johannesburg - Media group
Naspers [JSE:NPN] will buy more than a quarter of one of Russia's top internet firms Digital Sky Technologies (DST) in cash and shares as it bulks up its fast-growing internet unit.
Naspers said on Wednesday it will hand over its 39.3% stake in its Russian unit Mail.ru, which it co-owned along with DST for the past three years.
Along with the shares, it will pay a further $388m for a 28.7% stake in DST, which runs instant messaging platforms and social network sites.
Unlike many of its global rivals which have been battered by the drop in traditional advertising revenue, Naspers has been helped by its 30% stake in Tencent Holdings, China's biggest internet firm.
Naspers, which runs pay-TV channels across Africa and has stakes in internet firms in Asia and Europe, told Reuters last month it was looking to acquire more e-commerce firms in emerging markets.
Russian DST will be the sole owner of Mail.ru following the transaction.
- Reuters