Global internet group Naspers said on Tuesday it is pressing ahead with its open-ended share buyback scheme, eyeing a removal of its complex cross-holding structure with subsidiary Prosus later in 2023 which will allow this to continue.
Naspers sees revenue growth in core segments itweb.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from itweb.co.za Daily Mail and Mail on Sunday newspapers.
Please note: Group results are shown on a consolidated basis from continuing operations excluding OLX Autos unless stated otherwise. These numbers differ from IFRS disclosures where certain OLX Autos business units are still included in continuing operations as their exit has yet to be finalised. All growth percentages shown here are in local currency terms, adjusted for acquisitions and disposals unless otherwise stated.
Bruce Whitfield talks to Group CFO Basil Sgourdos about Naspers' annual results and the planned removal of the cross-holding structure introduced with Prosus two years ago.