Naspers’ empire extends from its ecommerce and media holdings in South Africa to indirect ownership of some of the world’s biggest game studios.
“The macro-economic and severe geopolitical challenges in the second half of the year have presented significant headwinds.”“With improved profitability at the core, we are investing to scale into adjacent opportunities across our segments,” he said. “While the segments demonstrated core profitability, overall trading profit was lower than last year, reflecting investment in scaling the large adjacent opportunities in the segments, which serve significant consumer needs.”
From 1986, Naspers started looking beyond news and print media, co-founding Electronic Media Network , the pay-TV broadcaster that would ultimately grow into MultiChoice.Naspers founded News24 and Kalahari.net in 1998.Through the acquisition, Naspers would also gain clothing retailer Superbalist, and Mr Delivery and its substantial logistics network.In 2001, it paid $32 million, around R260 million at the time, for a 46.5% share in Tencent.
Through Prosus, Naspers holds a 99% stake in the OLX Group, which owns AutoTrader and Property24 in South Africa.In addition to its holdings in Takealot and Media24, Naspers continues to invest in South African businesses through Naspers Foundry.
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