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90,149.69 +1,253.44 (+1.41%)| 1M | 3M | YTD | 1Y | 2Y |
| +2.05% | +6.73% | +7.20% | +25.44% | +24.30% |
Ibibo Group, the Indian online travel venture backed by global internet and media company Naspers (JSE: NPN.SJ and LSE: NPSN), as well as China’s leading internet firm Tencent (HK: HK700), announced that Naspers will be investing another US$250m in the group. The investment will be focussed on extending ibibo’s leadership position in the Indian hotels category and on additional technology innovations.
The listed clothing company closed its two remaining stores in Nigeria citing stringent import regulations and rising costs in Africa’s biggest economy.
GOLD Brands Investments has listed on the Johannesburg Stock Exchange, making it the third company to list on the bourse this year.
NEWPARK REIT Limited has listed on the Johannesburg Stock Exchange (JSE), making it the second company to list on the bourse this year.
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