Category Africa

Naspers Acquires South-African Online Retailer Takealot For R1bn ($70m)

Naspers is investing R960 million (approximately $70 million) in Takealot (press release) for a majority stake in the South-African online retailer. Naspers will hold about 53,5% of the equity and Tiger Global about 34%. TechCentral: In a statement on Tuesday, Naspers said the investment follows a 2015 investment from both Tiger Global Management and Naspers […]