Naspers SA ready to swoop on tech start-ups during lockdown
While three-quarters of businesses in SA are cash-strapped due to Covid-19 the company is flush with money
28 April 2020 - 05:00
UPDATED 28 April 2020 - 11:49
Naspers SA is preparing for a once-in-a-generation opportunity to scoop up technology start-ups on the cheap as the Covid-19 outbreak slams the brake on both cash flow and venture capitalists’ funding.
“We see a lot of opportunities,” CEO Phuthi Mahanyele-Dabengwa told Business Day. “Valuations have come down quite substantially.”..
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