Tencent, Naspers’ biggest holding, is valued at approximately half of South Africa’s annual GDP

Media 24 Tencent imageNaspers, the multinational media giant with operations in internet services, pay-TV and print media, has been making headlines since the value of its shares shot up earlier this month. Headquartered in Cape Town and listed on the Johannesburg Stock Exchange (JSE), it has grown to become one of South Africa’s largest companies, with a market capitalization of R709.7 billion ($60.4 billion). Founded in 1915, the group is best known locally as one of the country’s oldest media companies, and for running Africa’s biggest pay-TV business, Multichoice. But it is Naspers’ interests in China’s biggest internet firm, Tencent Holdings, which transformed the company into a must-have in fund managers’ portfolios. Continue reading

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Audio walking tours enter the digital age in Cape Town

VoiceMap, a recently-launched mobile application for iPhones and Android devices, is using cutting-edge GPS technology and the age-old art of storytelling to change the way people experience cities. “VoiceMap is a publishing platform for location-aware audio tours – or, with less jargon and more poetry, a way of seeing the world through another person’s eyes,” explains CEO and co-founder, Iain Manley.

After downloading the app and selecting a route, VoiceMap users can put their phone in their pocket and follow a storyteller’s voice through a particular neighbourhood, while anecdotes, commentary and opinions play automatically at specific GPS locations.

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