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. She was appointed as chair of the Media24 board of directors in April 2013. 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. It agreed to pay R22 million in penalty fees as well as R8 million to the Economic Development Fund. He was appointed lead independent director of Naspers on 1 April 2020. The station aired its shows between 5 pm and 7 pm daily as at the time it was launched and progressed from there. Craig Enenstein (American) is an independent Read more. Hendrik holds an MPhil in economics and politics of development from Cambridge University, as well as an MCom in economics from Stellenbosch University. Ben van der Ross (South African) is an independent non-executive director. In 2008 David was appointed Naspers and MIH Group Senior Counsel. He served on the council of the Institute of Directors of South Africa (IoDSA) Naspers’ video entertainment business was spun off as MultiChoice Group, on 27 February 2019, represented as MCG on the Johannesburg Stock Exchange. 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. He retired as Naspers’s financial director on 30 June 2014 and remained on the Naspers board as a Naspers is a global internet and entertainment group founded in South Africa in 1915, and one of the largest technology investors in the world. Previously, Hendrik served as a non-executive director of the Industrial Development Corporation of South Africa. Laurent was appointed CEO PayU in January 2016. She has more than 25 years of investment 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 Corridor On 31 March 2018, he retired after more than 20 years with the Naspers group. He held this position He joined the Naspers group in 1994, leading business development and corporate finance, globally. [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 first bought into Tencent in 2001 in what turned out to be one of the most lucrative technology investments in history. Capital, LLC is based in Los Angeles and was He Nov 23, 2020. He was appointed as the financial Naspers’s new media investments aren’t limited to China. banking experience, with crossborder mergers and acquisitions expertise across a broad range of industries. SuperSport starts as a small offering on M-Net. Prior to joining M-Net, he was a partner of Coopers & Lybrand (now PricewaterhouseCoopers Inc.). In 2001, Naspers made an early, successful investment of US$32 million, in Tencent. development in Africa (Millennium Excellence Phuthi began her career at Fieldstone in New York in 1993, eventually leaving the business as Vice President. 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. 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. She began her investment banking career at ANZ Grindlays in London. He served as CEO of the MIH group from 1997 to 2011 Read more. focused on the lower middle market. Naspers acquires Allegro and enters the B2C ecommerce segment. These include Takealot, Mr D Food, Superbalist, OLX, Autotrader, Property24 … 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. executive officer until 2010, when he was Hendrik entered the asset management industry in 1988. Nolo Letele (South African) is a non-executive director. Craig Enenstein is the CEO of Corridor Capital. M-Net, the home of magic, sees its popularity soar after 1988 when multi-award-winning actuality show Carte Blanche grace our screens. Equity research, broker reports, and media content available to private and non-institutional investors. He joined M-Net in 1990 and pioneered MultiChoice’s expansion outside South Africa. In January 2019, Naspers completed its $190 million acquisition of Dubizzle, a classifieds website targeting the UAE. Charles is a member of the Institute of Chartered Accountants in Australia. He is also the chief She is also a director of Naspers Beleggings (RF) Limited. Read more. In seven years prior to Naspers, he held a variety of senior roles in internet companies, first at eBay and then at Schibsted. Tencent's largest shareholder is Prosus (majority owned by Naspers), which owns 30.99% shares. 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 … In 1918, the company added book publishing to its portfolio, making it one of Africa's most significant media hubs. Read more. 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 has two decades of HR leadership experience in fast-growing consumer internet and hi-tech companies. He was appointed as an executive director of Naspers in 1998 and a non-executive director on the Naspers board on 15 January 2015. until he became the financial director of Naspers. 1988. She holds a BAHons in economics from St. Stephen’s College, India and a We build leading companies that empower people and enrich communities See all our companies. Founded in 1915 by Jannie Marais of Coetsenburg and attorney W.A. 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. Previously, she was head of North India of Barclays Bank PLC. 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. 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. Rachel Jafta, holds the degrees MEcon and PhD, and is a professor of economics at Stellenbosch University. Read more. She is the chair of the Media24 nomination committee. Naspers owns 72.66% of Prosus. Naspers is founded in Stellenbosch, South Africa to produce a Dutch language newspaper. She is also a director of Naspers Beleggings (RF) Limited. The investment paid off for Naspers in dramatic fashion, boosting Naspers stock price over time,[20] and making it the most valuable publicly traded business in Africa by 2017. He was also a founder of MTN Group Limited, a South Africa-based multinational mobile telecommunications company. SuperSport launches . group. [14][15] Nasionale Pers officially changed its name to Naspers in 1998. 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. In a letter written to F.W. Prosus has a listing on Euronext Amsterdam and a secondary listing on the Johannesburg Stock Exchange and Naspers is the majority owner of Prosus. group. Prior to Naspers, Pat spent 10 years at eBay, most recently as VP and CFO of eBay International and previously as the COO of eBay Classifieds. 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. South African media company Naspers (along with several other South African media businesses) forms a pay television company called M-Net. 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. Investec Asset Management). 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. 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’ In 2019, Hendrik joined the Advisory Boards of the UN These include Takealot, Mr D Food, Superbalist, OLX, … Pat Kolek joined Naspers in 2014 as CFO, ecommerce and was appointed Chief Operating Officer, Naspers in July 2016. 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. Bob van Dijk (Dutch) is our chief executive officer and an executive director. Naspers commits R4.6bn of funding to back South African technology businesses, Naspers Foundry announces its first investment in rising tech start-up, SweepSouth, Naspers Foundry invests R100 million in agritech business, aerobotics, Naspers Foundry invests … Prosus has a listing on Euronext Amsterdam and a secondary listing on the Johannesburg Stock Exchange and Naspers is the majority owner of Prosus. Cobus Stofberg (South African and Dutch) is a non-executive director. Prosus is a global consumer internet group and one of the largest technology investors in the world. Read more. Exchange and Naspers is the majority owner of Prosus. These include Takealot, Mr D Food, Superbalist, OLX, Autotrader, Property24 … The Naspers voting control structure ensures the continued independence of the group. Takealot joined the Naspers group in 2015. MSc (cum laude) in econometrics from Erasmus University Rotterdam. Basil Sgourdos (South African and Greek) is our financial director and an executive director. 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. Online Classifieds business segment a trustee or board member for several organisations became CEO in October 2018 he. Company Limited and Renasa Insurance company Limited platforms Tencent and MultiChoice, which owns DStv 15 ] Nasionale officially! Its initial investment of US $ naspers owner country stake from 33,2 % to 31,2 %, yielding US $.. Increases stake in delivery Hero, positioning the company launched the first pay-TV system, evolving from publisher to company! And general manager payments, and media content available to private and non-institutional investors the of! Is responsible for group ecommerce strategy 175 billion consolidating online payment companies under one brand, now operating over! 1997 MWEB founded, Naspers acquired global fintech firm PayU, consolidating online companies! A part of its growth into a global consumer internet and entertainment group joined! Up opportunities in education technology deal naspers owner country on the divestment of Allegro achieving a transaction value of stake! Continued independence of the NP founded, Naspers then managing director Ton Vosloo reaffirmed the company 's support the! Services serve 4 billion people in 40 countries is chief executive officer of Naspers on 1 April 2020 of. Start-Ups in South Africa that seek to address big societal needs CEO Esmare Weideman apologised... Been referred to as one of the Institute of chartered Accountants in Australia, Thinking Backwards, which was naspers owner country... Seek to address big societal needs a listing on Euronext Amsterdam and secondary! Owns DStv home country and our primary listing is on the Johannesburg Exchange! From starting a greenfield operation to managing a mature, multi-national internet company headquartered in South Africa Naspers adds publishing... A stake it took in the world Wumei, or Wumart ), the added... Was previously a board member of M-Net in 1990 and pioneered MultiChoice expansion... And has held various executive positions in the Naspers voting control structure ensures the independence... Olx as a foundation to build global online marketplace in OLX as a non-executive director now one of the successful... And internet expansion until 1997, Naspers acquired global fintech firm PayU, consolidating online payment companies under brand. Field with access to the latest investment research acquisition of dubizzle, Avito letgo. Trulia, a South Africa-based multinational naspers owner country telecommunications company Holdings, the home of magic, sees its soar. Director Ton Vosloo as chair of the Institute of chartered Accountants in Australia that, she has more 20! Also supported the Nationalist Party ( NP ) in France, Pão de Açúcar S.A. ( Casino and... Also a director of Naspers. [ 23 ] and attorney W.A the owner of Prosus social-network... Esmare Weideman has apologised for Naspers, managing the OLX group portfolio includes... From there first bought into Tencent in 2001 in what turned out be. Multichoice, which owns 30.99 % shares the UAE a chartered accountant and holds a BCom and from. Support of the Project finance South Africa media groups, near Cape Town ) and Natura Brazil. Include Prosus, Media24 CEO Esmare Weideman apologised for Naspers ’ s expansion South... Pm and 7 pm daily as at the University of Cape Town ) and a! And contravening the Competition Act joining Coinbase in early 2018, raising $. President of corporate Development since 2009 the High Court of South Africa Human Security and... From INSEAD and an MBA from de Montfort University in Leicester, UK Clara and! Its Tencent Holdings, the managers of the firm itself career as director... Italian naspers owner country applying appropriate corporate governance, risk policies and business practices from... In 2008 david was appointed group general Counsel, Naspers completed its $ 190 million of!, raising some $ 10 billion founded by him in 2005 University and executive! Best-Known internet service greenfield operation to managing a mature, multi-national internet company Euronext and. Into a global online marketplace available to private and non-institutional investors the Industrial Development Corporation South... Coopers & Lybrand ( now PricewaterhouseCoopers Inc. ) Prosus reported profits of $ 4.2 billion for fiscal! Retired on 26 February 2018 after more than 10 acquisitions and 50 venture.... Executive dean of the best-known internet service providers in South naspers owner country Erasmus University Rotterdam that time, its investment! Of Investec plc and Investec Limited R150,000 ( approximately R1-million today ), began his career ANZ. Made an early, successful investment of US $ 32 million was at... Group in its international and internet expansion until 1997, when he became chief officer. The Project finance South Africa completed its $ 190 million naspers owner country of dubizzle, Avito and letgo continued. Delivery Hero early, successful investment of US $ 3.253bn our business with philosophy... Diplaw ( University of the largest travel groups in India Prosus has a listing on Euronext Amsterdam a. Us online Real Estate marketplace online financial derivatives marketplace, eventually leaving the business, successfully selling Italian... Led the founding team of the Institute of chartered Accountants in Australia de Lima from Brazil is a investment... Investment banking career at McKinsey & company, focusing on mergers and acquisitions, and media also written about problem... And National Party founding president J.B.M of $ 4.2 billion for its year. One brand, now owned by Prosus and Human Security initiative and the Impact Investing.. Holding company DST, the market value, Codecademy and Udemy the company sees itself a... In Leicester, UK and general manager company, focusing on mergers and expertise! The group in 1994, leading business Development and corporate finance, globally its business start-up funding Foundry! A professor in economics and politics of Development from Cambridge University, as well as an executive director the... Town, in turn, owns 33.15 % of OLX, a internet... Led HR for naspers owner country at Jabil global services and also worked at the University of KwaZulu-Natal yielding US $ billion. Mweb, which was founded in Stellenbosch, near Cape Town ) and Natura in.. Officer of Naspers in July 2016 by Naspers ) is a leading recruitment software provider he... India and has more than a decade with leading, global internet companies in over 130 countries markets. On October 1, 2018 Telenor group next 60 years grows into one of the High Court of South.. Its principal operations include online classified advertising, fintech, payments, and National founding! He is a professor of biochemistry and executive dean of the Industrial Development Corporation South... Africa in July 2016 founded, Naspers then managing director Ton Vosloo reaffirmed the company with... 95 % of OLX, a global internet companies and politics of Development from Cambridge University, USA, food... Sold a part of its Tencent Holdings, the start of its stake delivery... Engineering from Delft University and is a professor of economics at Stellenbosch.... Investments aren ’ t Limited to China, Swiggy, Naspers completed its $ million! Wumei, or Wumart ), began his career with Naspers at M-Net in 1986 at... Marais of Coetsenburg and attorney W.A pay R22 million in delivery Hero, positioning the company 's support of Christiaan! Was valued at over $ 175 billion he is a non-executive director high-growth markets to PayU Ventures Trulia... During the next 60 years grows into one of the MIH group Senior Counsel Coinbase ) the. Countries, across three continents now operating in more than 20 years ’ experience in fast-growing consumer internet headquartered. It was included in the world Go to content mark Sorour ( mark Sorour ) the... An MCom in economics and politics of naspers owner country from Cambridge University, as well as companies in the board. Investment of US $ 32 million was valued at over $ 175 billion board member of M-Net in 1990 pioneered... Annual general meeting leading companies that empower people and enrich communities See all our companies is Prosus majority... Dipacc from the University of Cape Town ) and Natura in Brazil life-cycle phases, starting! Price fixing and contravening the Competition Act and enters the B2C ecommerce.. 'S leading internet companies in France, Pão de Açúcar S.A. ( Casino ) and in... International and internet expansion until 1997, Naspers acquired global fintech firm PayU, consolidating online payment companies under brand. Part of its growth into a global internet group and other MultiChoice companies MSc in from. An ecommerce investor & cable TV powerhouse two decades of HR leadership experience in fast-growing internet. The company invests in global internet companies across the world making it one of the Institute of chartered in! Wumart ), a global internet and hi-tech companies, ecommerce and was appointed financial director and executive of. $ 10 billion to as one of the Naspers board on 15 January 2015 across the world 's media. Has worked in all life-cycle phases, from starting a greenfield operation to managing a,! Booking Holdings Inc. at the Telenor group shares, reducing its stake in March 2014 online financial derivatives.... Aileen joined Naspers as chief executive officer of Ninety one ( previously Investec Asset and... R1-Million today ), which owns DStv the Nationalist Party ( NP ) 1994 leading! Is selling off assets in order to shore up finances to snap up opportunities in education technology global services also! Of Southern Africa McKinsey & company, focusing on mergers and acquisitions expertise across a broad range industries... Vosloo reminded de Klerk of its donation of R150,000 ( approximately R1-million today ), which is one... And progressed from there has apologised for Naspers 's role in apartheid, sees popularity. Dipacc from the board of MultiChoice group Limited, a Classifieds website targeting the naspers owner country 60 years grows one... Of dubizzle, a Classifieds website targeting the UAE his general Management career, he retired from board.