Afrikaans Annual Financial Statements




While print media continues to decline in most markets and publishers experiment with alternative revenue models, Media24 – our biggest media investment – is faring relatively well, but Abril continues to struggle.


* Including associates and joint ventures on a proportional basis

Digital magazines editions increased 120%











Paarl Media

News 24Paarl Media has made progress in improving productivity and efficiencies in its core operations, while diversifying into new market segments. At Paarl Coldset, printing capacity was strengthened to cater for extra printing work. The company expanded its African footprint by securing printing work for literacy and democracy projects in a number of countries. It also acquired a 100% interest in Correll Tissue to diversify into the tissue paper market.


Cost savings were insufficient to offset shortfalls in advertising (as advertisers continue to cut budgets and shift spend to other media) and circulation sales. Circulation has stabilised in recent months and our local newspaper footprint was expanded. Subscriptions are higher year on year and we have established a strong digital offering. Good progress was made in transforming the business into a 24-hour news service across print and digital, and growth in digital subscriptions for the mainstream Afrikaans dailies was encouraging.


This unit delivered a solid performance for the year, reflecting initiatives to counter the ongoing contraction in both traditional advertising and circulations.We retained the leading print and digital circulation and advertising market share among the top five publishers. Sales of digital editions grew by over 120% year on year and the division reported strong growth in its digital footprint across web, tablet and mobile platforms, with access via mobile now overtaking desktop/PC.

On the Dot

Amid declining newspaper and magazine volumes, this distribution business continued to focus on reducing costs and made progress in expanding its warehousing and online fulfilment business.


Publisher Via Afrika Education benefited from the final implementation of the South African school curriculum, and was named Sefika Educational Publisher of the Year for the third consecutive time. Jonathan Ball Publishers re-established itself as the market leader, on the back of two new agencies, while NB Publishers improved its leading position in the trade publishing market, again scooping 33 literary prizes. Online or ebook sales are growing and new apps were released for iStore and Play Store.

Careers, the leading digital publisher in Africa, grew average daily page views across its network by 15% and average daily visits by 16% year on year. It recorded strong mobile audience growth and now reaches 350 000 daily active users via its tablet and mobile apps. News24 and Careers24 expanded operations in Nigeria.

Ecommerce (Spree)

Spree established itself as a leading player in South African online fashion, growing volumes since launching in April 2013. In addition to women’s apparel, several new categories, including home décor and a children’s department, were launched.


McGregor BFA, our financial data services business, acquired I-Net Bridge in November 2013. I-Net’s core products service most asset managers in South Africa and it leads the market measured by the number of users. The combined entity – branded INET BFA – is well positioned to become the leading provider of African data to investors and businesses in South Africa and around the world.


The performance of Abril, the leading magazine publisher in Brazil in which Naspers has a 30% interest, was hampered by tough trading conditions as the industry faces advertising declines for the third consecutive year in a stalled economy. Comprehensive cost-saving measures are being implemented.