Naspers’ Profit Surge Highlights South Africa’s Tech Rise

Naspers, a South African tech giant, reported a 112% profit increase for the fiscal year ending March 31, 2023. This rise in core headline earnings was driven by its substantial stake in Chinese tech giant Tencent and improved e-commerce performance. Unexpectedly, Naspers’ e-commerce sector achieved profitability in the second half of the year. This was […]