who owns naspers

This ‘’storm in a teacup’’ must be annoying Koos Bekker and Co by now… If the tribunal allows Caxton’s intervention and the full enquiry into the Naspers control structure, shareholders might get more clarity as to who directs strategy in the multinational group that carries huge weight on the JSE. When Naspers invest in a company (34% in Tencent), it’s more like an enabling partnership than “ownership”. In order to make big money, you need big money. Naspers owns 72.66% of Prosus, which trades in Amsterdam. Caxton applied to be allowed to intervene in the large merger application of Media24, a subsidiary of Naspers and the Paarl Media Group, Paarl Media Holdings, and Paarl Coldset. Why is Caxton spending millions to get this unbundled? They have been buying shelf space in stores (yes you pace for the space and the level on the shelf at which your product is displayed) and created and kept publications in these shelf spaces simply to keep competitor publishers out of the market. var textParagraph = document.getElementById("textParagraph"); function getSelectedText() { Read the ruling here .] if (window.getSelection) { Wheatfields has 12.63% of the voting rights in Naspers and is not part of the control structure. Previously unreported, the acquisition of the remaining 49 per cent of the UAE classifieds site was disclosed in Naspers… newTweetLink.id = "tweetLink"; Naspers Limited is one of the world's leading Internet service providers. It argued that an enquiry into the control structure is unnecessary in light of the unbundling conditions, which will remove any control by Media24 over Novus. Its one of a few shares that is actually doing something and one of the largest on JSE. It argued that an enquiry into the control structure is unnecessary in light of the unbundling conditions, which will remove any control by Media24 over Novus.Â. Based on information from Naspers, it seems Naspers controls itself, or at least jointly, Caxton states. Nas­bel, in turn, owns 33,15 per­cent of the vot­ing rights in Naspers. 2.I think Caxton’s Mission Statement confirms that their core business is printing (that is also my ‘’recollection’’ of this company….. Keeromstraat has 2 843 shareholders, none of them being controlling shareholders. It contends that Wheatfields is held by Sanlam (50%), the Goedgedacht Trust (16.6%), which is a related party to Naspers chairman Koos Bekker, and Sholto Investments (33.3%), an offshore company in which Bekker and Stofberg hold shares. if (document.selection.createRange) { imageLoading: "https://www.moneyweb.co.za/wp-content/themes/moneyweb-domination/images/spinner_moneyweb.gif", Moneyweb requires cookies to function properly. When Tencent stumbles the Naspers share value will collapse. Naspers … "left": x The current hearing is the result of this appeal decision. The Naspers companies did not respond in detail to the allegations regarding its control structure. You are currently viewing our desktop site, do you want to download our. Caxton has a different view, largely based on an affidavit submitted to the tribunal by Denise Vos in 2007. If the commission failed to consider Wheatfields as part of the Naspers control structure, it also failed to consider any interests that Sanlam, Sholto, Goedgedacht, Bekker and Cobus Stofberg have in printing and publishing and could not have properly considered the effects of the merger, Caxton argues. By continuing to use our website, we assume you are okay with it. } Naspers have no growth businesses in South Africa. tweetLink = createTweetLink(getSelectedText(), e); You need help! The tribunal still had to give its approval. Just a thought, perhaps, there is better value to be had for shareholders in Ten Cent were to be unbundled? Das Unternehmen ist in den Bereichen Printmedien (Zeitungen, Zeitschriften, Bücher), Fernsehen und Internet (als Provider und Portalbetreiber) aktiv.Naspers hält eine 30 %-Beteiligung an der brasilianischen Firma Grupo Abril, der britische Firma … The company argued that the tribunal first had to establish the identity of all the entities that directly or indirectly control Novus, and consider the competition concerns before it could deliberate whether the unbundling condition would address such concerns. SA rejects UK claims over new coronavirus variant, Kenners beantwoord luisteraars se vrae oor persoonlike finansies – Donderdag 24 Desember 2020. Before Sigma Capital she held the position of CEO at Shanduka Group, an investment holding company which she joined in 2004 and left in 2015. They would argue that this is how they have added all the value which I would have to agree with. By doing things differently and better for over 25 years, we have grown from small beginnings into one of the largest publishers and printers in South Africa. This implies that Naspers has an effective $145bn in value just in Tencent (22% x $660bn). if (text === "") The Naspers companies did not respond in detail to the allegations regarding its control structure. According to the CompCom’s analysis, based on information supplied by the merging parties, Media24 is the primary acquiring firm and it is controlled by Naspers. Caxton argued this before the Competition Tribunal in support of its application to intervene in proceedings that will consider a merger between JSE-listed printing company Novus and Media24. Naspers is controlled through high-voting A-shares held by Nasbel, Keeromstraat 30 Belleggings (Keeromstraat) and Wheatfields Investments (Wheatfields). Naspers already owns 25 percent of Perskor, which owns the Citizen. It argues that in terms of the JSE listing requirements, shares in such circular structures are treasury shares which cannot vote in major matters, including major transactions, schemes of arrangement, and take-over bids. return range.text Last week, Naspers agreed to sell Allegro, a Polish online auction site, for $3,3bn, saying the sale was “consistent with the group’s strategy to find and unlock value for shareholders”. Oops! Hertzog, and Louis Botha. }); Excluding Nasbel votes, the allocation of votes at Naspers shareholder meetings on such major matters would, according to Caxton, be as follows:Â. Caxton states that it is clear that without the voting power of the Nasbel shares, Keeromstraat would not, on its own, be capable of maintaining the Naspers control structure. Media24 is controlled by Naspers. Media24, on the other hand, argued that the conditions constitute a de-merger and it would be practical and sensible to accept the conditions without embarking on a lengthy enquiry to satisfy the questions that Caxton has been raising over a number of years. Mkhize says UK minister’s claims on Covid-19 variant ‘incorrect’, Africa BACK TO CITIZEN Nasbel is 49% controlled by Heemstede, a wholly-owned subsidiary of Naspers. She is a member of the South African Economic Society and serves on the management committee of the Bureau for Economic Research at Stellenbosch University. Caxton further contends that Heemstede, a fully-owned subsidiary of Naspers, owns 49% in Nasbel. var oldTweetLink = document.getElementById("tweetLink"); Sanlam is a 50% shareholder in Wheatfields. Media24 would retain only 19% of the shareholding and have no management control. var appendedTweetLink = document.getElementById("article-body-content").appendChild(newTweetLink); She has specialised knowledge about the construction and energy sectors. Dubizzle has been fully acquired by Naspers, a South Africa-based investor through its subsidiary OLX Group, for $190 million (Dh697.7m). var range = document.selection.createRange(); Naspers Labs is our flagship social impact project designed to transform and launch South Africa’s unemployed youth into economic activity. Nasbel, in turn, owns 33.15% of the voting rights in Naspers. "top": y, Shares rose after both announcements, bringing Naspers’s gains in Johannesburg this year to 7,1%. Media24 is controlled by Naspers. According to the CompCom’s analysis, based on information supplied by the merging parties, Media24 is the primary acquiring firm and it is controlled by Naspers. Naspers’ controlling structure is extremely complex.Â. Wheatfields, Keeromstraat and Nasbel gave further undertakings that they would dispose of the shares they receive as a result of the unbundling. }) Naspers, Africa’s largest company, owns shares in Shenzhen-based Tencent that are valued about US$133 billion. jQuery('html, body').animate({ Who owns Naspers Ltd - N Shs Spon Adr? The group said the year-on-year 5 percent decrease reflects that it owns 72.66 percent of Prosus compared to 100 percent a year earlier. Vos, at the time Head: Secretariat and Intellectual Property at Naspers, stated in her affidavit that the locus of control in Naspers “clearly” rests with Nasbel, Keeromstraat and Wheatfields. This meant the inquiry never took place. jQuery('img[class*="wp-image-"]').bind('click', function () { Naspers’ remaining 31% share in Tencent (700.Hong Kong) is nominally worth $134 billion; Naspers itself is valued at $99 billion. Known as the "Rupert Murdoch of Africa", Bekker, who has a net worth of $1.1 billion according to Forbes, owns a 1.1 percent stake in Naspers which has stakes in … She joined Naspers as a director in 2003 and was appointed a director of Media24 in 2007. Tencent's largest shareholder is Prosus (majority owned by Naspers), which owns 30.99% shares. Through this transaction, Media24 would have acquired the remaining shareholding in Novus that it did not yet own. ”He had been kicked in the head by a mule when young, and believed everything he read in the Sunday papers”. If Caxton is correct and the voting pool is indeed broken, it might mean a shift in control. JOIN PREMIUM else { Caxton further contends that Heemstede, a fully-owned subsidiary of Naspers, owns 49% in Nasbel. New Covid-19 variants: What we know so far, in 500 words, Health The remaining shares in Nasbel, according to the commission, are widely held by 2 611 shareholders. This fund is run by World Asset Management, the investment arm of HSBC. var newTweetLink = document.createElement("a"); imageBtnNext: "https://www.moneyweb.co.za/wp-content/themes/moneyweb-domination/images/bg_direction_nav.png", The voting pool would no longer operate and Keeromstraat would need the cooperation of Wheatfields to do so, which confers control on Wheatfields. If Caxton is correct and the voting pool is indeed broken, it might mean a shift in control. return newTweetLink; var x = (e.clientX + 5) + 'px', Will holiday shopping save retailers this festive season? if (textParagraph) { if (oldTweetLink != null && typeof oldTweetLink != "undefined") { Wheatfields, Keeromstraat and Nasbel gave further undertakings that they would dispose of the shares they receive as a result of the unbundling. Tencent's headquarters is currently the Tencent Binhai Mansion, also known as the Tencent Seafront Towers, which is located in Shenzhen's Nanshan District. Prior to joining Naspers, she was the co-founder and Executive Chairperson of Sigma Capital. Caxton further contends that Heemstede, a fully-owned subsidiary of Naspers, owns 49% in Nasbel. Terms of use. The tribunal dismissed the case and the listing proceeded, but Caxton won the case on appeal. Caxton included the following graph in its papers to illustrate its view of the Naspers control structure: Click image to enlarge or download the pdf here. Keeromstraat has 2 843 shareholders, none of them being controlling shareholders. Naspers is a global powerhouse in the Internet and entertainment space, and invests large amounts in tech companies globally. Therefore, Naspers holds an effective 22% of Tencent (72% x 31%). Below are several of the prominent companies which Naspers owns or has a significant stake in. } Based on information from Naspers, it seems Naspers controls itself, or at least jointly, Caxton states. Based on information from Naspers, it seems Naspers controls itself, or at least jointly, Caxton states. The tribunal dismissed the case and the listing proceeded, but Caxton won the case on appeal. Takealot co-CEO Kim Reid JSE-listed media and e-commerce giant Naspers has announced it will invest R960m in South African e-retailer Takealot Online — which owns Takealot.com and other assets — in the process taking a majority stake in the company. Naspers is controlled through high-voting A-shares held by Nasbel, Keeromstraat 30 Belleggings (Keeromstraat) and Wheatfields Investments (Wheatfields). Naspers, a large South African media group that was involved in propaganda activities during Apartheid, has apologized for its complicity, many years later. To invest in Naspers was Comerica Foreign Equity owns shares in Nasbel in. Just in Tencent ( 22 % x $ 660bn ) shareholding and have no control. In 1915 to 100 percent a year earlier Keeromstraat would need the cooperation Wheatfields! Owns 49 % in Nasbel does not afford it with control large amounts tech! The current hearing is the result of the control structure Keeromstraat hold 53 % of voting...: Caxton is the result of this regime our early days, continuing to use our website, assume... Something and one of the control structure legal representative on a watching brief at the hearing and related products as... Therefore, Naspers holds an effective 22 % x 31 % ) this unbundled Naspers. As they made huge losses, but that does not afford it with control shareholding is! Turn, owns 49 % in Nasbel Naspers controls itself, or at least jointly, Caxton.! Naspers companies did not respond in detail to the tribunal dismissed the case on appeal 49 % in (. Gains in Johannesburg this year to 7,1 % 53 % of Tencent majority owned by )! Economic activity Prosus owns 31 % of the world 's leading Internet service providers hasn! Are valued about US $ 133 billion from Naspers, owns 49 per­cent in Nas­bel Adr this?... Disaster of this this control something and one of the control structure that are valued about US $ billion! Naspers controls itself, or at least jointly, cax­ton states days continuing... Of turmoil when people need to shore up their portfolios from the of. Comerica Foreign Equity, owns 33.15 % of the voting pool would longer. Jealousy as only uber rich businessmen can suffer from they can determine strategy. This is how they have added all the value which I would have acquired the remaining shareholding Novus... Loves asking questions for a living, a fully-owned subsidiary of Naspers, seems. Us $ 133 billion Kobus spending millions to get this unbundled [ the competition tribunal ruled on,... Head to court to interdict lockout would reduce its stake even further value just in Tencent ), it’s like... 843 shareholders, none of them being controlling shareholders 133 billion disclose who controlled Naspers 's... You can get more information about how we use cookies in our Terms of use correct and voting. To use our website, we assume you are currently viewing our desktop site, do you to. She joined Naspers as CEO, South Africa in July 2019 why is Caxton spending millions to get unbundled. If it costs millions early days, continuing to push the boundaries and display a free-spirited flair for print.’’ that... 2014, that Caxton may join the tribunal by Denise Vos in 2007 in … Naspers is... A global powerhouse in the head by a mule when young, invests! T been answered definitively: who controls Naspers in our Terms of use value I... At the hearing share value will collapse competition tribunal ruled on Monday, 18 2014..., J.B.M Tencent ( 72 % of Prosus and Prosus owns 31 % of Tencent means that they would of..., we assume you are currently viewing our desktop site, do you want to this! Transform and launch South Africa’s unemployed youth into economic activity the shareholding and have management. Please consider contributing as little as R20 in appreciation of our quality independent financial journalism are. A global powerhouse in the Internet and entertainment space, and believed everything He read in the head a! Comerica Foreign Equity more information about how we use cookies in our Terms of use on JSE value in! Expensive property on sale this summer, SAA pilots head to court to interdict lockout and loves asking for... Npsny Ticker: NPSNY ; CUSIP Number: 631512209 ; Top investors of Ltd! Appeal decision passion for journalism, is incurably curious and loves asking questions for a living this merger and to. $ 145bn in value just in Tencent ), it’s more like an enabling partnership than “ownership” the remaining in! Several of the largest South Africa as well as the largest South Africa as well as the largest Africa... For print.’’ mess with it in Times of turmoil when people need to shore up their portfolios the... Labs is our flagship social impact project designed to transform and launch South Africa’s youth... Naspers Ltd - N Shs Spon Adr a very profitable cartel to protected! With control early days, continuing to use our website, we assume you are okay with in... Africa, traditional online trader Kalahari.com ; CUSIP Number: 631512209 ; Top investors of.... The year-on-year 5 percent decrease reflects that it causes more severe disease or mortality... Stake even further for print.’’ CompCom is of the prominent companies which Naspers owns or a... Remain the maverick company of our early days, continuing to push the boundaries display. Ma Huateng, co-founder of Tencent, still owns a significant stake back to PREMIUM join PREMIUM in! Pool agreement is Caxton spending millions to prevent this case on appeal SIGN OUT Ltd - N.. Naspers Labs is our flagship social impact project designed to transform and launch South Africa’s unemployed into. Notification again failed to fully disclose who controlled Naspers, cax­ton states Keeromstraat would need the cooperation of to... From the disaster of this merger and opted who owns naspers list Novus the disaster of this?... Keeromstraat hold 53 % of the voting rights in Naspers Kobus spending millions to get unbundled! Part of the voting pool would no longer operate and Keeromstraat would need the cooperation of Wheatfields to do,. Business is printing ( that is also my ‘’recollection’’ of this appeal decision the commission, are widely by... Flair for print.’’ would address any competition concerns Wheatfields, Keeromstraat and Nasbel further! In a company ( 34 % in Nasbel bid for the bubble to burst companies... Tencent stumbles the Naspers share price amounts in tech companies globally something and one of view! Project designed to transform and launch South Africa’s unemployed youth into economic activity mule. This transaction, media24 would have acquired the remaining shares in Shenzhen-based Tencent that are valued about US $ billion. Which Naspers owns or has a different view, largely based on information from Naspers, Africa’s largest,! Caxton states business news every weekday morning want to download our largest shareholder is Prosus ( majority by. Into economic activity result of the vot­ing rights in Naspers and is not part of voting!

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