Global media giant
The group reported a 9% increase in trading profit to
South African-based
The media company was especially heartened by the performance of its e-commerce, where revenues grew by 52%, while continuing to make investments to further accelerate growth across its portfolio. Its South African businesses contributed healthily to this growth.
E-commerce revenue growth accelerated, rising 52% to
“In the first half of the year, our internet businesses delivered solid growth compounding a strong performance for the same period last year.
“Our progress is reflected in the increasing value attributed to our e-commerce portfolio and, to capture the significant opportunity ahead, we stepped up investment in our core segments of Food Delivery, Edtech, Payments and Fintech, and Classifieds,” he said. “Naspers companies now serve more than two billion customers and we continue to build innovative products that make a difference in people’s lives.”
Phuthi Mahanyele-Dabengwa, CEO of Naspers South Africa, said the group saw a tremendous opportunity for technology to drive inclusive economic growth and increased economic participation in
“Our investments are supporting SA’s digital transformation, fostering innovation, and equipping the next generation with the skills they require to help the country become a world-class investment destination.”
Mr D Food delivered strong results with order volumes growing 88% as consumer spending shifted from restaurant dining to online delivery,
In June, the group reported annual results for the year ended
Media24 increased revenue by 29% and delivered a trading profit of
“This turnaround performance to profitability against the prior year’s losses was underpinned by continued strong growth in digital subscribers and advertising, print media recovering much better than expected, excellent school textbook orders, the boom in e-commerce fulfilment, and sustained growth in external media logistics revenue – supported by the leaner cost base established in 2020,” it said.
Media24 controls Naspers’ newspaper and magazine publishing and printing activities in
Naspers Foundry
Naspers Foundry, in the first half of this financial year, invested nearly
These three investments take the Naspers Foundry portfolio to seven companies, with a combined investment of around
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