Naspers

Naspers Limited
Company typePublic
JSE: NPN
LSE: NPSN
IndustryInternet, E-commerce, fintech, food delivery
Founded12 May 1915; 109 years ago (1915-05-12)
Headquarters
Cape Town
,
South Africa
Area served
Worldwide
Key people
Koos Bekker (Chair)[1]
Fabricio Bloisi(CEO)
Phuti Mahanyele-Dabengwa (CEO, South Africa)
RevenueIncrease US$22.1 billion (FY 2020)[2][3]
Increase US$3.7 billion (FY 2020)[4]
Total assetsIncrease US$36.3 billion (FY 2020)[3]
Total equityIncrease US$29.93 billion (FY 2020)[3]
Owner
SubsidiariesProsus (56.92%)
Media24
Takealot.com
Naspers Foundry
Websitewww.naspers.com

Naspers Limited is a South African multinational internet, technology and multimedia holding company headquartered in Cape Town, with interests in online retail, publishing and venture capital investment. Naspers' principal shareholder is its Dutch listed investment subsidiary Prosus, which owns approximately 49% of its parent as part of a cross ownership structure.[5]

Founded in 1915 by attorney W. A. Hofmeyr, Naspers was the largest publishing company in South Africa throughout the 20th century with interests across newspapers, magazines and books. In the 1980s, the company began to diversify, launching a subscription television service and investing in markets outside of South Africa for the first time.

In 2001, Naspers made an early investment in Chinese technology firm Tencent and became increasingly focused on the global consumer internet sector. In 2019, Naspers listed its global internet investment business unit Prosus (including a 31% stake in Tencent) on Euronext Amsterdam.

Naspers currently owns a 56.92% stake in Prosus[5] and wholly owns Media24 (Africa's largest publishing company), Takealot.com (South Africa's largest online retailer) and Naspers Foundry, a South African focused venture capital fund.

  1. ^ "About | Naspers".
  2. ^ "Naspers Delivers Solid Results for the Twelve Months Ended 31 March 2020". Yahoo!. 29 June 2020. Archived from the original on 13 June 2021. Retrieved 21 September 2020.
  3. ^ a b c "Naspers Financial Statements 2020". Naspers. Archived from the original on 13 June 2021. Retrieved 21 September 2020.
  4. ^ "Naspers delivers solid results for the twelve months ended 31 March 2020". Naspers. Archived from the original on 6 March 2021. Retrieved 16 October 2020.
  5. ^ a b Omarjee, Lameez. "Naspers-Prosus share swap done and dusted". News24. Archived from the original on 18 August 2021. Retrieved 18 August 2021.