}); 5000 shares in Naspers gives my Trust ZERO influence – great increased value – but no say really (not that I thought I had any say with such a small holding. 2.I think Caxton’s Mission Statement confirms that their core business is printing (that is also my ‘’recollection’’ of this company….. Naspers Limited is a profitable South African internet group company founded in 1915. Wheatfields had a legal representative on a watching brief at the hearing. Oops! The companies argued that Caxton has nothing substantive to say about the unbundling condition. } Must be a very profitable cartel to be protected – or could be professional jealousy as only uber rich businessmen can suffer from. if (text === "") When Tencent stumbles the Naspers share value will collapse. Koos Bekker is revered for transforming South African newspaper publisher Naspers into an ecommerce investor & cable TV powerhouse. } ‘No evidence’ that it causes more severe disease or increased mortality than any other variant, says health minister. Based on information from Naspers, it seems Naspers controls itself, or at least jointly, Caxton states. 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. Tencent's headquarters is currently the Tencent Binhai Mansion, also known as the Tencent Seafront Towers, which is located in Shenzhen's Nanshan District. y = (e.clientY + 5) + 'px'; Terms of use. jQuery(document).ready(function () { Caxton has a different view, largely based on an affidavit submitted to the tribunal by Denise Vos in 2007. Keeromstraat has 2 843 shareholders, none of them being controlling shareholders. } They contended that if the link is broken at the level of Novus and Media24, it would serve no purpose to engage in a full-scale enquiry into Naspers, except to satisfy the curiosity Caxton has had over a long period. 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. Nasbel, in turn, owns 33.15% of the voting rights in Naspers. 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. 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. Health department suspends screening at Beitbridge, Covid-19 Naspers’ remaining 31% share in Tencent (700.Hong Kong) is nominally worth $134 billion; Naspers itself is valued at $99 billion. if (textParagraph) { Based on in­for­ma­tion from Naspers, it seems Naspers con­trols it­self, or at least jointly, Cax­ton states. }); New Covid-19 variants: What we know so far, in 500 words, Health var textParagraph = document.getElementById("textParagraph"); imageBtnNext: "https://www.moneyweb.co.za/wp-content/themes/moneyweb-domination/images/bg_direction_nav.png", jQuery(this.parentElement).lightBox({ Net sales (excluding discontinued operations) by activity break down as follows: - management of social platforms and digital content (77.6%): via Tencent and Mail.ru; }); The voting pool would no longer operate and Keeromstraat would need the cooperation of Wheatfields to do so, which confers control on Wheatfields. 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