Some of the small players have been operating for some decades — Grindrod since and uBank since — but their deposits have not grown significantly. Few banks have successfully entered the banking sector since the establishment of Absa 25 years ago.
NPN Background of Naspers Established in South Africa inNaspers Limited is a media, internet and entertainment powerhouse with a footprint in more than countries, and is one of the largest technology investors in the world today.
Naspers operations span across all six continents, reaching all major markets.
The group is organised into six business areas: It has also decided to buy sizable investments in listed Chinese media company Tencent and Russian social networking platform Mail. The news and print businesses have been organized under the umbrella brand Media24, which also has interests in digital media, eCommerce, book publishing and print distribution.
Naspers share price has been one of the strongest on the bourse. Having already dominated the South African media landscape, the group is also benefiting from the weaker rand due to its international diversity.
The latest financial data reflected good progress across Naspers video-entertainment and internet platforms. The company further bolstered its position in most markets by aiming to buy into people, technology, content and marketing.
This led to Naspers share price growth well ahead of competitors. This was mainly due to contributions from Tencent and some of its profitable eCommerce businesses.
During the period of March Naspers Media24 managed to successfully list their printing business, Novus Holdings, raising R1,1 billion capital with this listing. Investors who decided to buy R 10 worth of Naspers shares inwould be sitting on a return of more than R 1 million.
The live online stocks chart shows an astronomical rise in Naspers share price, and this growth is expected to continue as the company makes more international acquisitions and investments.
There is a forecast that profit growth will slow slightly due to unstable conditions in sub-Saharan Africa, but the media giant has all the clout and resources needed to continue attracting investors to buy the shares.Carrus was honoured to host Ntate Andrew Mlangeni at this function.
Ntate Andrew presented Carrus CEO, Reg Marais, with a gift in the form of a book entitled “The Little Green Book”, a publication of the Department of Sports and Recreation, which honours our sporting icons.
1 October The National Association of Democratic Lawyers (NADEL) is extremely displeased with the decision by the South African Broadcasting Corporation (SABC) to appoint its former Chief Operations Officer (COO), Hlaudi Motsoeneng, as its Group Executive of Corporate Affairs. Latest Available & SA Learnerships from Transnet, Eskom, Sasol, SETA, Correctional Services & DPSA for in South Africa.
Latest Available & SA Careers Learnerships from Transnet, Eskom, Sasol, SAPS, Correctional Services & DPSA Vacancies for in South Africa.
The future challenge will be how to balance competing successfully by increasing market share and remain relevant in the lending business whilst still not crossing risk line like African bank did.
Continued high unemployment rate means fewer clients for banks going forward, as well as inability of client to service debts and this will increase competition amongst the banks. Patrick Cairns is one of South Africa's most respected commentators on the investment industry.
He also covers economics issues and business news.