Tag: Naspers

Why Zimbabwe’s Steward Bank suspended pay-TV payments
Global

Why Zimbabwe’s Steward Bank suspended pay-TV payments

Unavailability of foreign exchange has been cited as one of the major reasons why Zimbabwe’s Steward Bank suspended payments to the pay-TV subsidiary of South Africa’s Naspers. There are indications that there dollar shortages are worsening in the southern African nations. Local banks have been forced to limit withdrawals due […]

Naspers prices USD1 billion Myriad bond at 4.8%
JSE SENS

Naspers prices USD1 billion Myriad bond at 4.8%

Naspers, Africa’s most valuable publicly-traded company said it has successfully priced the USD1 billion bond for its indirect wholly owned subsidiary, Myriad International Holdings, MIH B.V. Naspers said the bond was priced at 4.85% notes due 2027. The Bonds will be fully and unconditionally guaranteed by Naspers. The company said […]

Naspers, Innova Capital invest USD53 million in Movile
Tech

Naspers, Innova Capital invest USD53 million in Movile

Naspers and Innova Capital have both participated in a funding round to raise USD53 million for Movile. Naspers is Africa’s most valuable company and tech investor with USD114 billion stake in China’s Tencent Holdings Movile is a mobile marketplace which according to a statement by Naspers, the fund will be […]

Naspers invests USD71 million in India’s Flipkart
Tech

Naspers invests USD71 million in India’s Flipkart

Naspers has invested 71 million equity funding in Flipkart. For the investment, Naspers will be getting approximately 16.5% of Flipkart. According to a report by Avashya, an Indian website on startup, the USD71 million investment from Naspers will help Flipkart in blazing its guns against its biggest competitor in the […]

Naspers’ Myriad International to issue dollar bond
JSE SENS

Naspers’ Myriad International to issue dollar bond

Naspers said its wholly-owned subsidiary, Myriad International Holdings B.V. will be exploring the possibility of an international USD bond offering by meeting potential investors on a roadshow. Naspers said proceeds from the offering if completed, are expected to be used for general corporate purposes and to repay MIH B.V.’s existing […]