Tag: naspers


Naspers restructures African business

Naspers restructures African business

by Christo Volschenk MIH Internet (Sub-Saharan Africa), a subsidiary of South Africa's Naspers media group, closed its retail portals Kalahari Kenya and Kalahari Nigeria down, since "they were not performing as expected". In a short press statement (read here) the company said it would now focus it's effort in the region on its o


Dubizzle pleases with good-looking portal

Dubizzle pleases with good-looking portal

by Christo Volschenk Who said a free classifieds platform has to look like a Blocket site to draw a crowd? Definitely not the developers and designers of Dubizzle.com, the free classifieds portal for the Middle-East and North-Africa (MENA), who launched a revamped portal recently. Dubizzle.com operates out of Dubai in the United Arab Emirates (UAE) with 40 staff member


TradusAds in India gets new head

TradusAds in India gets new head

by Christo Volschenk Indian online games and classifieds firm ibibo Group appointed Krishna Motukuri to the position of managing director of its e-commerce portals, including classifieds platform TradusAds.in. The position became vacant recently, when Rahul Sethi quit as president of ibibo’s e-commerce division to launch his own start-up. Motukuri’s main task will be



BuscaPé takes stakes in Brazilian start-ups

By Christo Volschenk BuscaPé, the Naspers-owned e-commerce company with operations throughout Latin-America, took stakes in four Brazilian start-ups for a total investment of just over $600,000 U.S. The four are:

  • Urbanizo, a real estate valuation service tracking prices by region and compiling "price heat maps" for easier analysis. Premium versions are marke


E-commerce (finally) carries can at Naspers

E-commerce (finally) carries can at Naspers

South Africa-based multinational media group Naspers has become a real rand-hedge investment to local investors, thanks mainly to the profitability of its internet businesses in emerging markets.  Roughly 13 years after Naspers CEO Koos Bekker started transforming the group from a predominantly print business into a multi-media business, e-commerce (including classified portals) is now



Annual report: Naspers reports solid growth in Internet revenue

South African Naspers group has just released its provisional results for its fiscal year ended 31 March 2011. Here is what is says about their Internet activities: "Overall the internet segment reported revenue growth of 47 percent and trading profits rose 48 percent. In China, Tencent recorded another strong set of results in an increasingly competitive market. Rapid growth of the



Naspers/Allegro about to acquire Slando

MIH Allegro BV (Netherlands), a company of MIH Internet Europe, which itself is owned by the South African media holding Naspers, is allowed to acquire more than 50 percent of the shares in Slando Limited which operates free online classified portals in Russia and other Eastern European countries. At least the Ukrainian Antimonopoly Committee has no concerns about the deal, as it announced


Naspers / MIH invests in Dubizzle

Naspers / MIH invests in Dubizzle

Naspers Ltd., the South African media conglomerate that owns a number of free classified sites and has invested in others, announced yet another relationship today. It has invested in Dubizzle.com, a Dubai-based classifieds and community site that operates in 14 countries in the Middle East and North Africa. The investment was made by MIH Internet, the wholl


Naspers launches Kalahariads.net

Naspers launches Kalahariads.net

Right now Gumtree dominates South African online classifieds but that may be about to change with the news that Naspers, owners of Media24 (Africa's largest magazine publisher) is launching Kalahariads.net. Kalahari.net is a Naspers-owned e-retailer and Naspers aims to build on that brand with free online classifieds with paid-for premium ads given preferential positioning. According to Kalahar



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