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

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

Afrobility: Africa Tech and Business
E558:19
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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 We’d love to hear from you. If you have feedback, topics you’d like to hear, or just want to say hello, please email info@afrobility.com Join our mailing list where we get feedback on new episodes & find all episodes at Afrobility.com

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