Naspers goes from strength to strength

CityPress - - Business - NEL­LIE BRAND-JONKER busi­ness@city­ Naspers has spent the most money to date on de­vel­op­ing its in­ter­ests: R10.7 bil­lion, 33% more than a year ago. Will this in­crease and in what ar­eas? What was the most ex­cit­ing ac­qui­si­tion in the past year? Nas

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, 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

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