Naspers Limited is a multinational consumer Internet company headquartered in South Africa. In 2001, Naspers made an early, successful investment of US$32 million, in Tencent. In South Africa, Naspers is one of the foremost investors in the technology sector and is committed to building its internet and ecommerce companies in the country. He is a qualified South African chartered accountant and holds a certificate in the Theory of Accountancy South African media company Naspers (along with several other South African media businesses) forms a pay television company called M-Net. Naspers is a global internet group and one of the largest technology investors in the world Go to content. Phuthi joined Naspers as CEO, South Africa in July 2019. Capital, LLC is based in Los Angeles and was The company had then also pledged a further R220,000 in support of the NP ahead of South Africa's last race-based general elections, in September 1989. We build leading companies that empower people and enrich communities See all our companies. At that time, its initial investment of $32 million was valued at over $175 billion. of KwaZulu-Natal. Naspers $5bn share buyback plans signal unease with tech valuations Dutch-listed investment arm Prosus, best known for its stake in China’s Tencent, says move is ‘a good use of capital’ Rachel Jafta, holds the degrees MEcon and PhD, and is a professor of economics at Stellenbosch University. She oversees operations in seven countries, across three continents. Naspers owns a large share of Prosus, which has a valuable stake in Chinese Internet behemoth Tencent It also has a large stake in Russian email provider mail.ru. We believe in the power of local backed by global scale and we look for opportunities to address big societal needs in markets where we see the greatest growth potential. He held this position He holds an MBA in Commission, which authored the report Better Business Better World in 2017. David has advised the Naspers group of companies since 1996. Basil Sgourdos (South African and Greek) is our financial director and an executive director. Prosus has its primary listing on Euronext Amsterdam and a secondary listing on the Johannesburg Stock Exchange and Naspers is the majority owner of Prosus. Read more. University of California, Davis (which she attended as a Fulbright Scholar). Vosloo ended his letter, promising funding to the NP in Transvaal, by adding that "our newspaper Beeld in the Transvaal is your ally and we trust that this formidable combination will wipe out the competition. and wealth management divisions. In South Africa, Naspers is one of the foremost investors in the technology sector and is committed to building its internet and ecommerce companies in the country. In South Africa , Naspers is one of the foremost investors in the technology sector and is committed to building its internet and ecommerce companies in the country. However, Ma Huateng, co-founder of Tencent, still owns a significant stake. Naspers enters Edtech sector with early stage investments in Brainly, Codecademy and Udemy. In 1918, the company added book publishing to its portfolio, making it one of Africa's most significant media hubs. Prosus has its primary listing on Euronext Amsterdam and a secondary listing on the Johannesburg Stock Exchange and Naspers is the majority owner of Prosus. Prior to joining Wumei Technology Group, Ms Xu was vice president of LG (a joint venture) at Tianjin International Trust & Investment. ", "Apartheid Inc, the story of Naspers, Media24 and Channel Life", "From 'people's press' to global superstar", "Apartheid Inc. – Profile of a racist corporation, June 9, 2010", "Declassified: Apartheid profits – the tap root of the National Party", "Chronicle of a coming of age? venture investments. In South Africa, Naspers is one of the foremost investors in the technology sector and is committed to building its internet and ecommerce companies in the country. Takealot is South Africa's largest e-commerce retailer With a mission to be the most customer-centric online shopping destination in Africa, Takealot has grown rapidly since its launch in 2011. He then spent two years in Amsterdam as the general manager of the video-entertainment business development globally before being appointed as financial director of MIH Holdings Proprietary Limited (MIH Holdings) in January 2009. We invest in some of the world's leading internet companies. He served on the boards of directors of, among others, Distell In South Africa, Naspers is one of the foremost investors in the technology sector and is committed to building its internet and ecommerce companies in the country. He has more than 20 years of professional experience and more than a decade with leading, global internet companies. Prosus has its primary listing on Euronext Amsterdam and a secondary listing on the Johannesburg Stock Exchange and Naspers is the majority owner of Prosus. Naspers $5bn share buyback plans signal unease with tech valuations Dutch-listed investment arm Prosus, best known for its stake in China’s Tencent, says move is ‘a good use of capital’ She has more than 25 years of investment It also has a Level I American Depository Receipt programme (ADR programme) listing on the London Stock Exchange (LSE), with an over-the-counter (OTC) trade. Foundation). Since 1994, the company has been listed on the Johannesburg Stock Exchange in South Africa, and has been designated as part of the Top 10 index over the past several years. Ben van der Ross, who holds the qualification DipLaw (University of Cape Town) and is an admitted attorney. [8]:290 Naspers first published the Afrikaans language daily De Burger (later renamed Die Burger) in June 1915, which was followed by its first magazine, De Huisgenoot (later Die Huisgenoot), in 1916.[12]. He is a qualified South African chartered accountant and holds a BCom and DipAcc from the University focused on the lower middle market. More info, Naspers is a global internet group and one of the largest technology investors in the world, Naspers companies operate and invest in countries and markets across the world with long-term growth potential. M-Net expands beyond South Africa. She serves on the boards of directors of Ashok Leyland Limited and Jio Payments Bank Limited. Based on information from Naspers, … He worked for PricewaterhouseCoopers Inc. from 1989 to 1994. of the University of Pennsylvania, an MA in He served on the council of the Institute of Directors of South Africa (IoDSA) Roberto Oliveira de Lima from Brazil is a board member of Telefonica Brasil. He was appointed as an executive director of Naspers in 1998 and a non-executive director on the Naspers board on 15 January 2015. Established in 1915, Naspers has transformed itself to become a global consumer internet company and one of the largest technology investors in the world. It was included in the Prosus spin-off in 2019. She holds an MEcon and a PhD from the University of Stellenbosch. listing on the Johannesburg Stock Exchange and Naspers is the majority owner of Prosus. The Tencent investment helped grow Naspers into the … She has also worked in corporate development and strategy roles at Warner Bros. Entertainment Inc. and Yahoo, Inc. She is also on the board of directors of ZipRecruiter, Inc., a marketplace for jobseekers and employers. He joined Investec in 1991 as founding member of Investec Asset Management and remained chief executive officer until he assumed the role of joint chief executive officer of the Investec Group on 1 October 2018 up to the demerger and listing of Ninety One on 16 March 2020. [14][15] Nasionale Pers officially changed its name to Naspers in 1998. PricewaterhouseCoopers Inc.) and an executive director of the Commercial Union group of companies (CGU Insurance Company (SA) Limited, Commercial Union Life Insurance Company Limited and Sentrasure Limited). It agreed to pay R22 million in penalty fees as well as R8 million to the Economic Development Fund. Larry started his career at the US Federal Reserve Board and holds a Bachelor's degree in Economics and an MBA from the University of California, Berkeley. Read more. Manisha Girotra is the CEO of Moelis India and has more than 25 years of investment banking experience. Prosus has its primary listing on Euronext Amsterdam and a secondary listing on the Johannesburg Stock Exchange and Naspers is the majority owner of Prosus. Engaged in the retail business since 2004, Ms Xu has been leading Wumei’s major acquisitions including that of Metro China and B&Q China, and the digital transformation of the traditional retail stores into online and offline omni-channels. Read more. Naspers acquired global fintech firm PayU, consolidating online payment companies under one brand, now owned by Prosus. MultiChoice pay-television business in 1985. From Wikipedia, the free encyclopedia OnLine eXchange also known as OLX Group is a Dutch-domiciled online marketplace headquartered in Amsterdam, and owned by Prosus, the international assets division of Naspers, founded in 2006 and operating in 45 countries. He retired on 26 February 2018 after more than 20 years with the group. We recognize that the tax we pay is an important element of our broader economic and social contribution to the countries where we operate, Naspers half year results for the six months ended 30 September 2020. Prosus has its primary listing on Euronext Amsterdam and a secondary listing on the Johannesburg Stock Exchange and Naspers is the majority owner of Prosus. Prosus has its primary listing on Euronext Amsterdam and a secondary listing on the Johannesburg Stock Exchange and Naspers is the majority owner of Prosus. In 1997, Naspers founded MWEB, which is now one of the best-known Internet service providers in South Africa. He served as chief executive officer of the group from 1997 to 2011, and has been instrumental in the expansion of the Naspers group. He joined the Naspers group in 1998 in Hong Kong where he held the position of chief investment officer for the group’s internet division. 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