Naspers goes from strength to strength
Bob van Dijk, the CEO of Naspers, has been in the position for about a year and three months. The company’s revenue growth remains strong and, in the past financial year to end-March, the largest sum so far has been spent on the development of its businesses.
City Press spoke to him after the company’s annual results were issued this past week.
We don’t provide guidelines on future spending. We look for opportunities and, if we think they will offer the right returns, we invest. What I can say is the most important existing opportunities we have invested in, such as classified advertising and digital terrestrial television, received the most significant investment amounts.
There are many and it’s hard to single out one. There were several smaller acquisitions. An example is a small company in Brazil that is basically an online planning service for trucks, like Uber is for taxis. Our company likes pursuing growth and we do it in different places. You will see that almost 60% of our income now comes from ecommerce, and this section of our interests is still growing rapidly.
We decided to change the name because it is no longer pay-television as it was before. Look at the new products DStv introduced in the past year and a half, such as video-ondemand service BoxOffice, as well as DStv Now, where people can catch up on what they missed on television. DStv Explora allows people to connect to the internet and gives them access to a huge selection of series and films.
Tencent probably has the best management team of any online business. Furthermore, China’s internet market is already the largest in the world, but there is still plenty of room to grow, especially in mobile internet. And there’s innovation.
We have the OLX brand doing business between consumers; we are a significant investor in takealot.com, which does business between businesses and consumers; and then there’s our fashion section, Spree.
City Press, a Media24 title, is owned by Naspers
Bob van Dijk