Eight of the top 10 most valuable firms in Africa are located in South Africa, according to African Business magazine’s latest ranking of the continent’s top 250 companies by market capitalisation. The 2020 edition of the survey revealed that the total market cap of firms is...
The board of Prosus NV – the recently spun-out Naspers company – has made a hostile US$6.3 billion bid for UK-listed Just Eat, a move which could instigate a bidding war with Dutch rival Takeaway.com. The latter agreed a merger with online food order and delivery...
South African e-commerce group Naspers has listed its internet assets, including a 31% stake in Chinese tech giant Tencent, on the Amsterdam stock market under a newly formed entity called Prosus NV. Shares in the spin-off company surged by 25% in early trading on their market...
Safaricom has been named as the best employer in Africa by Forbes business magazine in its annual ranking of 500 publicly-listed companies from 60 countries. The annual Forbes Global 2000 list, now in its 16th edition, ranked Safaricom 67th in the world, ahead of South African...