Naspers is selling off assets in order to shore up finances to snap up opportunities in education technology. Phuthi joined Naspers as CEO, South Africa in July 2019. Ishmet Davidson joined Media24 in 2012 and became CEO in October 2018. The principal asset is a ~33% stake in Tencent, a leading Chinese technology conglomerate, which itself is one of … [12], In 2015, Media24 CEO Esmare Weideman apologised for Naspers's role in supporting apartheid. Roberto Oliveira de Lima from Brazil is a board member of Telefonica Brasil. He concluded an 11-year career at PayPal as Vice-President and General Manager for Continental Europe, where he successfully led the launch of PayPal in Africa, Israel, the Middle-East, and Russia. Read more. He retired as the chief executive officer of Naspers on 31 March 2014. Takealot joined the Naspers group in 2015. 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. 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. Through several subsidiaries and ownership stakes in foreign companies, Naspers offers Internet content (e-commerce websites and classified ads), pay TV, and print publishing. Craig Enenstein is the CEO of Corridor Capital. Read more. He is also a director of Naspers Beleggings. 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). He holds an MSc in Engineering from Delft University and an MBA from INSEAD. Steve Pacak ( South African) is a non-executive director. Naspers Ltd. is a global consumer internet group and the technology investors in the world. [24] Over two rounds in May and September 2017, Naspers invested 1.05 billion euros ($1.2 billion) in Germany's Delivery Hero AG, and was involved in 14 deals worth $1.94 billion in 2017, according to data compiled by Bloomberg.[25]. Read more. The station aired its shows between 5 pm and 7 pm daily as at the time it was launched and progressed from there. 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. Exchange and Naspers is the majority owner of Prosus. Ibibo/MakeMyTrip transaction closes, creating one of the largest travel groups in India. [14][15] Nasionale Pers officially changed its name to Naspers in 1998. Naspers is founded in Stellenbosch, South Africa to produce a Dutch language newspaper. 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. She began her investment banking career at ANZ Grindlays in London. Debra Meyer is professor of biochemistry and executive dean of the faculty of science at the University of Johannesburg. Printing and publishing company Caxton has tabled extensive research into the control structure of Naspers at the Competition Tribunal and suggested that former CEO Koos Bekker, former MIH head Cobus Stofberg and Sanlam are in ultimate control. Naspers refused to comply, which led to 127 Naspers employees each making an individual submission to the TRC, apologising for their role in the apartheid years. Hendrik du Toit is chief executive officer of Investec Asset Management and a director of Investec plc and Investec Limited. Charles is responsible for the group's listed internet assets, including Tencent Holdings Limited; a leading Chinese Internet company listed on the Hong Kong Stock Exchange, and Mail.ru; a leading Russian Internet company listed on the London Stock Exchange. Naspers tabled documents at earlier tribunal proceedings that clearly showed the locus of control of Naspers lay with Nasbel, Keerom and Wheatfields and the individuals behind it are South African citizens, Caxton said. In April 2019, he left the board of directors of Telefônica Brasil S.A. after 14 years with that company, having served six of those years as president and chief executive officer and eight years as a board member as well as quality and services committee member. He developed his career at companies like Accor S.A., Rhone Poulenc S.A. (now part of Sanofi S.A.) and Compagnie de Saint-Gobain S.A. in the information technology and finance areas. Prior to eBay Aileen led HR for Europe at Jabil Global Services and also worked at the Telenor group. finance from the Wharton School of Business MultiChoice pay-television business in 1985. Naspers is one of the foremost investors in the South African technology sector and is committed to building its existing internet and e-commerce companies in the country, as well as stimulating the local tech start-up sector through the Naspers Foundry. During this tenure, he accumulated extensive experience in all relevant business functions such as strategy, finance, product management, operations and M&A. 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. Nolo Letele (South African) is a non-executive director. Emilie Choi (American) is an independent non-executive director. SuperSport starts as a small offering on M-Net. Naspers is a global internet and entertainment group founded in South Africa in 1915, and one of the largest technology investors in the world. Aileen joined Naspers as Chief People Officer in May 2014. Read more. focused on the lower middle market. Read more. Naspers owns, or has controlling interest in, various businesses, including Prosus, Media24, and Takealot. These include Takealot, Mr D Food, Superbalist, OLX, In 1997, Naspers founded MWEB, which is now one of the best-known Internet service providers in South Africa. 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. de Klerk, on 17 August 1989, Naspers then managing director Ton Vosloo reaffirmed the company's support of the NP. group. Ben van der Ross (South African) is an independent non-executive director. David then became General Counsel of the Allegro Group and was subsequently promoted to the position of General Counsel: Global Transaction eCommerce at Naspers. Naspers purchased 46.5 percent of Chinese internet company Tencent, owner of WeChat, and an array of fintech apps and mobile games, from early investors including PCCW and IDG Capital[18][19] (then a start-up) in 2001. ... ecommerce companies in the country… Basil Sgourdos was appointed financial director of Naspers in July 2014. Read more. Prior to eBay, he spent several years as strategy advisor for leading global consumer goods 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. Pat has more than 20 years’ experience in executing business growth and development strategies for hyper growth organisations. Naspers celebrates its 100th year, now operating in over 130 countries and markets. Prosus is a global consumer internet group and one of the largest technology investors in the world. 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. Naspers acquires a majority share in OLX as a foundation to build global online Classifieds business segment. It agreed to pay R22 million in penalty fees as well as R8 million to the Economic Development Fund. 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 worked for PricewaterhouseCoopers Inc. from 1989 to 1994. MultiChoice was formed out of the subscriber-management branch of the M-Net terrestrial pay television company, and broadcasts the full range of M-Net channels on the DStv service. Manisha Girotra (Indian) is an independent non-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. 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. SuperSport launches . Chief executive officer and executive director, Financial director and executive director. These include Takealot, Mr D Food, Superbalist, OLX, … He is a member of the board of directors of RNI Negócios He served on the boards of directors of, among others, Distell He joined M-Net in 1990 and pioneered MultiChoice’s expansion outside South Africa. Business and Sustainable Development Naspers Limited is a multinational consumer Internet company headquartered in South Africa. She serves as a trustee or board member for several organisations. Mark Sorour (Mark Sorour) is a non-executive director. Naspers increases stake in Delivery Hero, positioning the company as the largest shareholder. Naspers’ video entertainment business was spun off as MultiChoice Group, on 27 February 2019, represented as MCG on the Johannesburg Stock Exchange. Phuthi holds a BA Economics from Rutgers University, USA, and an MBA from De Montfort University in Leicester, UK. At that time, its initial investment of $32 million was valued at over $175 billion. We build leading companies that empower people and enrich communities See all our companies. She has two decades of HR leadership experience in fast-growing consumer internet and hi-tech companies. Ms Xu holds a BA degree in English from Tianjin University, China, and an M.B.A. from Meinders School of Business, Oklahoma City University, United States. As Group COO, Pat is focused on aligning group strategy with company objectives, leading core business activities and strategic initiatives such as large acquisitions & divestitures. venture investments. She holds an MBA from the Wharton School of the University of Pennsylvania as well as a BA in economics from the Johns Hopkins University. Pat holds a bachelor’s degree in commerce from Santa Clara University and is a certified public accountant. Naspers, via Prosus, also holds a minority investment in listed, social-network platforms Tencent and Mail.Ru. She holds a BSc in biological sciences, a BScHons and an MSc in biochemistry from the University of Johannesburg (then, the Rand Afrikaans University) and a PhD in Hendrik is chief executive officer of Ninety One (previously the Naspers group’s chief investment officer, being responsible for all global investment activities. Phuthi joined Naspers as CEO, South Africa in July 2019. Naspers lists Prosus, a new global consumer internet group comprising its international internet assets, on Euronext Amsterdam with a secondary, inward listing on the Johannesburg Stock Exchange in South Africa. He led the founding team of the M-Net/MultiChoice pay-television business in 1985. Previously, he spent eight years as senior executive at eBay, responsible for strategy and general management of many of its global marketplaces and classifieds assets. Read more. He holds an MBAHons from INSEAD and an Naspers is listed on the Johannesburg Stock Exchange (JSE: NPN), has an ADR listing on the London Stock Exchange (LSE: NPSN) and has a sizeable investment in Prosus (AEX: PRX and JSE: PRX). Prior to Coinbase, she spent more than eight years at LinkedIn Corporation as the vice president of corporate development, and led all M&A deals in the company’s history, including its biggest deal to date, Lynda, as well as Read more. The Company invests in global internet companies across the world. Read more. Read more. Read more. Debra Meyer (South African) is an independent non-executive director. He 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. Bob van Dijk was appointed as chief executive officer of Naspers in April 2014. Read more. Naspers acquired global fintech firm PayU, consolidating online payment companies under one brand, now owned by Prosus. Prosus has a listing on Euronext Amsterdam and a secondary listing on the Johannesburg Stock Exchange and Naspers is the majority owner of Prosus. He is a qualified South African chartered accountant and holds a BComLaw and LLB from Stellenbosch University and a BComptHons from the University of South Africa. Naspers listed on Johannesburg stock exchange. 2015, he succeeded Ton Vosloo as chair of the Naspers board. Naspers Ltd. history, profile and corporate video Naspers Ltd. provides television platform, print media, internet services, technology products and book publishing. Pat Kolek joined Naspers in 2014 as CFO, ecommerce and was appointed Chief Operating Officer, Naspers in July 2016. Nolo Letele joined M-Net in 1990 and pioneered MultiChoice's expansion outside South Africa. She is the chair of the Media24 nomination committee. founded by him in 2005. Prosus is a strategic investor and operator focusing on long-term value creation by building leading technology companies that improve people’s daily lives in high-growth markets. ... 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. 2001 Naspers invests in Tencent Holdings, the start of its growth into a global internet and entertainment group. Mark is a non-executive director of the Naspers board. He retired on 26 February 2018 after more than 20 years with the group. 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. Read more. In 1999, he was appointed chief executive officer of MultiChoice South Africa Holdings Proprietary Limited (MultiChoice SA), and later served as the MultiChoice group chief Prosus has a listing on Euronext Amsterdam and a secondary listing on the Johannesburg Stock Exchange and Naspers is the majority owner of Prosus. 1997 Mweb founded, Naspers’ first internet service. MultiChoice is a South African company that operates the DStv, a major service in Sub-Saharan Africa and GOtv, a minor service operating in over 13 countries of this area and Showmax service. She was appointed as chair of the Media24 board of directors in April 2013. Charles is responsible for the group's listed internet assets, including Tencent Holdings Limited. In October 2018, Naspers launched its business start-up funding initiative Foundry in South Africa. In 1985, the company launched the first pay-TV system, evolving from publisher to media company. Prosus has a listing on Euronext Amsterdam and a secondary listing on the Johannesburg Stock Exchange and Naspers is the majority owner of Prosus. Don Eriksson (South African) is an independent non-executive director. In this role he led the legal teams for the group’s M&A activities in Latin America, Central and Eastern Europe and Russia. She holds a BAHons in economics from St. Stephen’s College, India and a He has won several awards including Media Man of the Year in 2001 (Saturday Star—Business Report); Media Owner of the Year in 2003 (Financial Mail Adfocus); and the Lifetime Africa Achievement Prize for media 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. MultiChoice is a South African company that operates the DStv, a major service in Sub-Saharan Africa and GOtv, a minor service operating in over 13 countries of this area and Showmax service. The company announced on Friday that it will spend up to $1.37 billion on buying back its own shares, and $3.73 billion on buying Naspers shares. Craig Enenstein (American) is an independent She is a professor of biochemistry and executive dean of the Faculty of Science at the University of Johannesburg. Media24 CEO Esmare Weideman has apologised for Naspers’s role in apartheid. 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. 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. Don Eriksson is a chartered accountant (SA) and an honorary life member of the Institute of Directors of Southern Africa (IoDSA). He was chair of Strategic Real Estate Management Proprietary Limited, the managers of the Emira Property Fund. Equity research, broker reports, and media content available to private and non-institutional investors. [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]. Naspers adds book publishing to its operations and during the next 60 years grows into one of Africa's leading media groups. He was also a founder of MTN Group Limited, a South Africa-based multinational mobile telecommunications company. Share values gained over 25 percent during its IPO, with Prosus designated a market value exceeding 125 billion pounds ($138 billion USD). He has 16 years’ experience in the media industry and among other qualifications, holds a Bachelor of Commerce degree and an MBA from the Edinburgh Business School at Scotland’s Heriot Watt University. "[13], In 1997, the Truth and Reconciliation Commission requested that Naspers make a submission about the years between 1960 and 1994 (thus, broadly, between the Sharpeville tragedy, in March 1960, and the first democratic elections of April 1994), specifically, the media's role during this period. We invest in some of the world's leading internet companies. Previously, Hendrik served as a non-executive director of the Industrial Development Corporation of South Africa. The company sees itself as a partner, not an owner. 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. executive officer until 2010, when he was 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. 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. Naspers was founded, in 1915, as De Nasionale Pers Beperkt (National Press Ltd) as a publisher and printer of newspapers and magazines. executive officer of Corridor Capital, LLC, an South African media company Naspers (along with several other South African media businesses) forms a pay television company called M-Net. Its principal operations include online classified advertising, fintech, payments, and food delivery. In 2019, Hendrik joined the Advisory Boards of the UN Prosus has a listing on Euronext Amsterdam and a secondary listing on the Johannesburg Stock Exchange and Naspers is the majority owner of Prosus. She is also a director of Naspers Beleggings (RF) Limited. About Naspers. He was previously a board member of Edenred S.A. in France, Pão de Açúcar S.A. Read more. Ishmet Davidson joined Media24 in 2012 as head of community newspapers. MultiChoice was formed out of the subscriber-management branch of the M-Net terrestrial pay television company, and broadcasts the full range of M-Net channels on the DStv service. the Discovery Health Medical Scheme. 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 chairman Koos Bekker has previously bemoaned the lack of great tech entrepreneurs and start-ups in South Africa. Myriad International Holdings, a subsidiary of Prosus, owns a 28.7 percent stake in Digital Sky Technologies (DST), the Russian firm behind investments in Internet companies like Facebook, Groupon, and Zynga. He headed the group in its international and internet expansion until 1997, when he became chief executive officer of Naspers. Following assignments in Hong Kong and Amsterdam, he returned to Cape Town in 2002 as 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. It was included in the Prosus spin-off in 2019. She joined Naspers as a director in 2003 and was appointed a director of Media24 in 2007. Naspers Labs, a partnership with RLabs and its founder, Marlon Parker, was also launched in 2019, as an economic initiative for unemployed youth in South Africa.[29]. Laurent holds an MBA from the London Business School and is a graduate of Bocconi University in Italy (CEMS Master, International management). Prosus has a listing on Euronext Amsterdam and a secondary listing on the Johannesburg Stock Exchange and Naspers is the majority owner of Prosus. In 1995, he moved to the Republic of Ghana, where he served as MultiChoice’s West African regional general manager. He was a member of the founding team of the M-Net/ Naspers’s new media investments aren’t limited to China. Prosus reported profits of $4.2 billion for its fiscal year ending 31 March 2019. As of 2018, Naspers had approximately a 31 percent stake in Tencent, becoming its largest shareholder,[4][5] and Africa’s biggest public company. [9] It therefore also supported the Nationalist Party (NP). 1985 Mnet founded, Naspers’ first Pay TV business. Previously, she was head of North India of Barclays Bank PLC. 1986. Pat Kolek joined Naspers in 2014 as CFO, ecommerce and was appointed Chief Operating Officer, Naspers in July 2016. He was chair and chief executive officer of Credicard Group, chief executive officer of Vivo S.A., the largest mobile telecommunications company in Brazil, chair of Publicis Brazil and president of Natura S.A. 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. 1988. Read more. He has more than 20 years of professional experience and more than a decade with leading, global internet companies. He is also the chief Naspers Limited is a multinational consumer Internet company headquartered in South Africa. and fashion segments. Thereafter he joined Naspers, initially as the finance manager of the South African operations division in MultiChoice and then as chief financial officer of Naspers’s investment in United Broadcasting Corporation plc, listed on the Stock Exchange of Thailand, where he remained for 10 years. He holds an MBA in Read more. In January 2019, Naspers completed its $190 million acquisition of Dubizzle, a classifieds website targeting the UAE. A media-historiographical revisit: The TRC, Naspers and Afrikaans journalism", "NASPERS JOURNALISTS APOLOGISE FOR APARTHEID ROLE", "Naspers apologises for its role in apartheid", "7 things to know about the new CEO of Naspers SA", "South African media group struck gold by taking a chance on Tencent", "A European Tech Giant Is Born, Spun Off From a South African Firm", "Koos Bekker to Naspers' shareholders: You're richer because of Tencent - BizNews.com", "South Africa's Naspers cashes in $10bn Tencent stake", "Tencent's 60,000% Runup Leads to One of the Biggest VC Payoffs Ever", "Tiger-Backed Souq.com Said Worth $1 Billion in Fundraising", "DStv agrees to pay R22m penalty for price-fixing", "Naspers lines up billions for tech investments", "Foodtech Unicorn Swiggy Bags $1 Bn In Funding Round Led By Naspers", https://m.marketscreener.com/TENCENT-HOLDINGS-LIMITED-3045861/company/, https://corp.mail.ru/en/investors/shares/, Table Mountain National Park Marine Protected Area, Lourens River Protected Natural Environment, Western Cape Division of the High Court of South Africa, Michaelis Collection at the Old Town House, William Fehr Collection at the Castle of Good Hope, Cape Town International Convention Centre, World of Birds Wildlife Sanctuary and Monkey Park, American International School of Cape Town, Cape Academy of Mathematics, Science and Technology, Red Cross War Memorial Children's Hospital, https://en.wikipedia.org/w/index.php?title=Naspers&oldid=993388521, Companies listed on the Johannesburg Stock Exchange, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License, This page was last edited on 10 December 2020, at 10:23. Since joining Coinbase in early 2018, she has overseen more than 10 acquisitions and 50 She is a professor in economics at Stellenbosch University. [28] Its venture investment arm, Naspers Ventures, was renamed Prosus Ventures in 2019, and partners with entrepreneurs to build technology companies. She has completed until he became the financial director of Naspers. He served on the council of the Institute of Directors of South Africa (IoDSA) University of California, Davis (which she attended as a Fulbright Scholar). On Tuesday, Naspers said it would combine Ibibo, a travel business in India, with competitor MakeMyTrip to boost their presence in the South Asian country. was a partner at Coopers & Lybrand (now 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. management career, he was a founder of an [6][7] A group of prominent Cape Afrikaners decided, in December 1914, at a meeting in Stellenbosch, to form a publishing company that would support Afrikaner nationalism,[8]:290 in the wake of the Boer Wars. Rachel Jafta, holds the degrees MEcon and PhD, and is a professor of economics at Stellenbosch University. These include all major markets in the world. 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. M-Net expands beyond South Africa. operationally intensive private equity firm He became the head of its news division in 2014, after which media distribution company On the Dot and Media24’s magazine division were added to his responsibilities. In 2014, Naspers acquired 95% of OLX, a global online marketplace. He has also written about business problem solving in his book, Thinking Backwards, which was published in five languages. Media24 is Africa's leading media group, with a sizeable presence in digital and traditional publishing and publications, distribution and financial data.Building on its heritage, Media24 is firmly focused on the future, establishing a rapidly evolving portfolio of digital media and e-commerce businesses. These include Takealot, Mr D Food, Superbalist, OLX, … director of Naspers in July 2014. 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