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Naspers delivers Ecommerce profitability, 18% revenue growth and US$836m free cash...

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It has been a standout year for the Group. Naspers simplified its Group structure, delivered improvements across all core performance metrics and achieved Ecommerce profitability six months ahead of target. Operating businesses have performed well, accelerating profitable growth, while the open-ended buyback programme continues to deliver value for our shareholders every day. The rapid deployment of AI-led technologies across the Naspers ecosystem is generating real results and will set the next frontier of value creation for the Group. Naspers has a strong balance sheet and is well positioned to generate improved returns through smart and disciplined capital allocation, driving value for all stakeholders. 

SMEs reporting requirements relaxed

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The amendments to the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) which are effective from annual periods beginning on...

NOCLAR drives professional ethics

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SAICA sheds light on the new international Non-compliance with Laws and Regulations (NOCLAR) requirements.

IAASB – update on enhancing audit quality projects

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The South African Institute of Chartered Accountants (SAICA) recently hosted representatives from the International Auditing and Assurance Standards Board (IAASB) and received first-hand feedback on their work relating to quality control and related projects, with touchpoints regarding audit quality and how this is set to affect practice going forward.

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