Overview: In this episode, we talk about Naspers - The South African conglomerate, investment group & most valuable company in Africa. We’ll discuss its early history, transition from newspaper publisher to tech investment firm, Tencent investment, broader investment portfolio & Naspers' future outlook.
Companies discussed: Naspers, Prosus, Tencent, PayU, Media24, Takealot, M-Net, Swiggy, OLX, PayU, Delivery Hero
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:
- Recommendation: Passive Income, Aggressive Retirement (by Rachel Richards)
- Recommendation: How to build wealth (Naval Ravikant podcast)
- Small win: LazyFA.com
Bankole’s recommendations & small wins:
- Recommendation: Ultraworking
- Small win: Focusmate
- Other content mentioned: Naspers strategy document 2018
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