Naspers cuts classifieds loss in FY2016 (Revised)

26 Jun 2016

The classifieds business of Naspers grew its revenue by 35 percent to $217 million U.S. in FY2016 from $161 million U.S. in FY2015, and “cut its loss” by an undisclosed amount.

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Christo Volschenk

Christo Volschenk is managing editor of the news on and our senior analyst covering Naspers. He brings more than 31 years of experience in business journalism to the team - the last 18 years focused on classifieds and e-commerce. Apart from working closely with the AIM Group, Christo is a freelance journalist, content manager, and copy editor. Before branching out on his own, he spent 15 years with Naspers in South Africa as journalist, economics editor and online project manager. He now spends most his day editing the news reported by 23 colleagues in 23 countries from his base in Stuttgart, Germany.