#5. Naspers - How Africa’s largest company went from newspaper publishing to Tencent and Prosus
June 15, 2020
5
00:58:19133.49 MB

#5. Naspers - How Africa’s largest company went from newspaper publishing to Tencent and Prosus

Overview: In this episode, we talk about Naspers - The South African investment group & largest company in Africa. We’ll discuss its early history, transition from newspaper publisher to tech investment firm, Tencent investment, broader investment portfolio & end with our views on its future outlook. 

Companies discussed: Naspers, Prosus, Tencent & M-Net

Business concepts discussed: VC investments, developing market investing, portfolio diversification & conglomerate discounts

Conversation highlights:

  • (00:40) - Naspers founding and early history
  • (02:18) - Koos Bekker background and influence
  • (05:25) - Tencent investment
  • (06:10) - Tencent overview
  • (09:50) - Naspers broader (non-Tencent) investment portfolio
  • (13:36) - Naspers classifieds businesses
  • (18:05) - Naspers in FinTech and payments
  • (20:50) - Naspers investment strategy and portfolio vs Softbank
  • (28:10) - Prosus spin-off
  • (30:30) - Naspers conglomerate discount
  • (35:00) - Prosus discount
  • (38:30) - Naspers ownership structure
  • (42:48) - Olumide’s overall thoughts and outlook
  • (46:25) - Bankole’s overall thoughts and outlook

Olumide’s recommendations & small wins:

Bankole’s recommendations & small wins:

 

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