Prosus has its primary listing on Euronext Amsterdam and a secondary listing on the Johannesburg Stock Exchange and Naspers is the majority owner of Prosus. He was appointed as an executive director of Naspers in 1998 and a non-executive director on the Naspers board on 15 January 2015. Prosus has its primary listing on Euronext Amsterdam and a secondary listing on the Johannesburg Stock Exchange and Naspers is the majority owner of Prosus. until he became the financial director of Naspers. As Group COO, Pat is focused on aligning group strategy with company objectives, leading core business activities and strategic initiatives such as large acquisitions & divestitures. Imobiliários S.A. Read more. Ibibo/MakeMyTrip transaction closes, creating one of the largest travel groups in India. Pat holds a bachelor’s degree in commerce from Santa Clara University and is a certified public accountant. He holds a BA and MA in business management from Fundação Getúlio Vargas in Brazil and an MA from Institut Superieur des Affaires at Jouy en Phuthi began her career at Fieldstone in New York in 1993, eventually leaving the business as Vice President. Prosus has its primary listing on Euronext Amsterdam and a secondary listing on the Johannesburg Stock Exchange and Naspers is the majority owner of Prosus. He served on the boards of directors of, among others, Distell He holds a BAHons and honorary doctorate in commerce from Stellenbosch University, an LLB from the University of the Witwatersrand and an MBA from Columbia University. Exchange and Naspers is the majority owner of Prosus. Takealot is South Africa's largest e-commerce retailer With a mission to be the most customer-centric online shopping destination in Africa, Takealot has grown rapidly since its launch in 2011. [22], Subsidiaries and investments include Prosus, Media24 and Takealot. Rachel Jafta, holds the degrees MEcon and PhD, and is a professor of economics at Stellenbosch University. She is also a director of Naspers Beleggings (RF) Limited. Laurent was appointed CEO PayU in January 2016. In South Africa, Naspers is one of the foremost investors in the technology sector and is committed to building its internet and ecommerce companies in the country. Read more. Navigate Preview company Navigate Next company. online financial derivatives marketplace. Prosus has its primary listing on Euronext Amsterdam and a secondary listing on the Johannesburg Stock Exchange and Naspers is the majority owner of Prosus. MultiChoice was formed out of the subscriber-management branch of the M-Net terrestrial pay television company, and broadcasts the full range of M-Net channels on the DStv service. Chief executive officer and executive director, Financial director and executive director. These include Takealot, Mr D Food, Superbalist, OLX, … Phuthi holds a BA Economics from Rutgers University, USA, and an MBA from De Montfort University in Leicester, UK. These include all major markets in the world. These include Takealot, Mr D Food, Superbalist, OLX, … [21] Notably, the market value of its Tencent holdings was greater than the market capitalization of the firm itself. He has also written about business problem solving in his book, Thinking Backwards, which was published in five languages. Nasbel, in turn, owns 33.15% of the voting rights in Naspers. Manisha Girotra (Indian) is an independent non-executive director. Business and Sustainable Development Takealot joined the Naspers group in 2015. Established in 1915, Naspers has transformed itself to become a global consumer internet company and one of the largest technology investors in the world. Prior to joining Naspers, Charles held senior corporate finance and M&A positions at Cable & Wireless, Hong Kong Telecom and Deloitte. She is a professor in economics at Stellenbosch University. Equity research, broker reports, and media content available to private and non-institutional investors. Read more. At that time, its initial investment of $32 million was valued at over $175 billion. [10][11] It was founded by W. A. Hofmeyr, a well-known Cape lawyer and National Party organizer; Jannie Marais, a prominent Stellenbosch farmer, purchased a quarter of the 20,000 issued £1 shares in the new company. In South Africa, Naspers is one of the foremost investors in the technology sector and is committed to building its internet and ecommerce companies in the country. Hendrik entered the asset management industry in 1988. leading a number of joint ventures in China. Don Eriksson (South African) is an independent non-executive director. of KwaZulu-Natal. He concluded an 11-year career at PayPal as Vice-President and General Manager for Continental Europe, where he successfully led the launch of PayPal in Africa, Israel, the Middle-East, and Russia. In 1997, Naspers founded MWEB, which is now one of the best-known Internet service providers in South Africa. He headed the group in its international and internet expansion until 1997, when he became chief executive officer of Naspers. Prosus is a strategic investor and operator focusing on long-term value creation by building leading technology companies that improve people’s daily lives in high-growth markets. Pat Kolek joined Naspers in 2014 as CFO, ecommerce and was appointed Chief Operating Officer, Naspers in July 2016. Naspers purchased 46.5 percent of Chinese internet company Tencent, owner of WeChat, and an array of fintech apps and mobile games, from early investors including PCCW and IDG Capital[18][19] (then a start-up) in 2001. The company announced on Friday that it will spend up to $1.37 billion on buying back its own shares, and $3.73 billion on buying Naspers shares. international studies from the Lauder Institute: University of Pennsylvania and a BA from the University of California, Berkeley. Prior to Naspers, Pat spent 10 years at eBay, most recently as VP and CFO of eBay International and previously as the COO of eBay Classifieds. Hendrik du Toit is chief executive officer of Investec Asset Management and a director of Investec plc and Investec Limited. Naspers foodtech services serve 4 billion people in 40 countries. Naspers is a global internet and entertainment group founded in South Africa in 1915, and one of the largest technology investors in the world. Read more. Naspers acquired global fintech firm PayU, consolidating online payment companies under one brand, now owned by Prosus. In this role he led the legal teams for the group’s M&A activities in Latin America, Central and Eastern Europe and Russia. She serves on the boards of directors of Ashok Leyland Limited and Jio Payments Bank Limited. [16], In 2019, Naspers appointed former Shanduka Group CEO Phuti Mahanyele-Dabengwa, to lead its South African interests.[17]. focused on the lower middle market. He began his career with Naspers at M-Net in 1988 and has held various executive positions in the Naspers David was appointed Group General Counsel of Naspers in June 2015. Prosus has a listing on Euronext Amsterdam and a secondary listing on the Johannesburg Stock Exchange and Naspers is the majority owner of Prosus. He is a qualified South African chartered accountant and holds a certificate in the Theory of Accountancy She began her investment banking career at ANZ Grindlays in London. In South Africa , Naspers is one of the foremost investors in the technology sector and is committed to building its internet and ecommerce companies in the country. Read more. In 1918, the company added book publishing to its portfolio, making it one of Africa's most significant media hubs. Previously, he spent eight years as senior executive at eBay, responsible for strategy and general management of many of its global marketplaces and classifieds assets. Commission, which authored the report Better Business Better World in 2017. In South Africa, Naspers is one of the foremost investors in the technology sector and is committed to building its internet and ecommerce companies in the country. director of Naspers in July 2014. He is also the chief Naspers lists Prosus, a new global consumer internet group comprising its international internet assets, on Euronext Amsterdam with a secondary, inward listing on the Johannesburg Stock Exchange in South Africa. Prosus has a listing on Euronext Amsterdam and a secondary listing on the Johannesburg Stock Exchange and Naspers is the majority owner of Prosus. In June 2015 he was appointed General Counsel, Naspers Group. Emilie Choi has served as LinkedIn’s Vice President of Corporate Development since 2009. She has also worked in corporate development and strategy roles at Warner Bros. Entertainment Inc. and Yahoo, Inc. She is also on the board of directors of ZipRecruiter, Inc., a marketplace for jobseekers and employers. Before joining Naspers, Aileen spent 10 years with eBay where she led HR for eBay Europe and Global Classifieds and also helped to grow and scale businesses in the fintech, eTail and online comparison-shopping sectors. Nonetheless, South Africa remains a critical market for Naspers, which was founded in Stellenbosch, near Cape Town, in 1915. group. Corridor He became CEO of Media24 on October 1, 2018. Following assignments in Hong Kong and Amsterdam, he returned to Cape Town in 2002 as Engaged in the retail business since 2004, Ms Xu has been leading Wumei’s major acquisitions including that of Metro China and B&Q China, and the digital transformation of the traditional retail stores into online and offline omni-channels. And we run our business with that philosophy front of mind. 2015, he succeeded Ton Vosloo as chair of the Naspers board. It also has a Level I American Depository Receipt programme (ADR programme) listing on the London Stock Exchange (LSE), with an over-the-counter (OTC) trade. Foundation). and wealth management divisions. Business and Human Security Initiative and development in Africa (Millennium Excellence Manisha Girotra is the CEO of Moelis India and has more than 25 years of investment banking experience. He joined the Naspers group in 1998 in Hong Kong where he held the position of chief investment officer for the group’s internet division. venture investments. She is a member of the South African Economic Society, chair of the Cape Town Carnival Trust, a member of the Management Committee of the Bureau for Economic Research at Stellenbosch University and a member of the International Advisory Board of Fondação Dom Cabral Business School, Brazil. Prosus reported profits of $4.2 billion for its fiscal year ending 31 March 2019. David has advised the Naspers group of companies since 1996. Larry joined Naspers in December 2013 and was appointed CEO for Ventures in June 2015. The company had then also pledged a further R220,000 in support of the NP ahead of South Africa's last race-based general elections, in September 1989. Martin has worked in all life-cycle phases, from starting a greenfield operation to managing a mature, multi-national internet company. Read more. Read more. Naspers was founded, in 1915, as De Nasionale Pers Beperkt (National Press Ltd) as a publisher and printer of newspapers and magazines. In South Africa, Naspers is one of the foremost investors in the technology sector and is committed to building its internet and ecommerce companies in the country. This is a R1.4bn investment commitment targeting technology start-ups in South Africa that seek to address big societal needs. We invest in some of the world's leading internet companies. Naspers is founded in Stellenbosch, South Africa to produce a Dutch language newspaper. Investec Asset Management). In South Africa, Naspers is one of the foremost investors in the technology sector and is committed to building its internet and ecommerce companies in the country. On 31 March 2018, he retired after more than 20 years with the Naspers group. Naspers Limited is a multinational consumer Internet company headquartered in South Africa. Hendrik du Toit (South African and British) is an independent non-executive director. He remained on the Naspers board as a non-executive director. Naspers increases stake in Delivery Hero, positioning the company as the largest shareholder. They said Naspers newspapers had formed an integral part of the power structure which implemented and maintained apartheid through, for instance, supporting the NP in elections and referendums. Nov 23, 2020. She holds an MEcon and a PhD from the University of Stellenbosch. Roberto Oliveira de Lima from Brazil is a board member of Telefonica Brasil. Koos Bekker led the founding team of the M-Net/MultiChoice pay-television business in 1985. Naspers owns, or has controlling interest in, various businesses, including Prosus, Media24, and Takealot. Naspers refused to comply, which led to 127 Naspers employees each making an individual submission to the TRC, apologising for their role in the apartheid years. (Natura). Naspers has long had a focus on India, investing more than $4 billion since 2014,[26] across multiple sectors, including into Byju and ibibo and, in December 2018, it invested $1 billion into online food ordering and delivery service Swiggy of India;[27] adding to its iFood investment in Brazil and Delivery Hero. R82bn share buyback planned for Prosus, Naspers Naspers subsidiary Prosus plans to spend $5 billion (R82 billion) on buying its own shares, as well as shares in Naspers, on the market. He is a qualified South African chartered accountant and holds a BComLaw and LLB from Stellenbosch University and a BComptHons from the University of South Africa. Naspers is listed on the Johannesburg Stock Exchange (JSE: NPN), has an ADR listing on the London Stock Exchange (LSE: NPSN) and has a sizeable investment in Prosus (AEX: PRX and JSE: PRX). In 2001, Naspers made an early, successful investment of US$32 million, in Tencent. Naspers Sets the Date for Its Tencent Stake Spinoff: What Investors Need to Know The South African company's shares have been trading at a major discount for technical reasons. He is the chair of Oakleaf Insurance Company Limited and Renasa Insurance Company Limited. He holds an MBAHons from INSEAD and an de Klerk, on 17 August 1989, Naspers then managing director Ton Vosloo reaffirmed the company's support of the NP. Ishmet Davidson joined Media24 in 2012 and became CEO in October 2018. She is also a director of Naspers Beleggings (RF) Limited. [28] Its venture investment arm, Naspers Ventures, was renamed Prosus Ventures in 2019, and partners with entrepreneurs to build technology companies. In 2014, Naspers acquired 95% of OLX, a global online marketplace. Prior to joining Moelis & Company, she was the chief executive officer and country head of UBS AG in India, managing its investment bank, commercial bank, markets, equity research Of Naspers Beleggings ( RF ) Limited. 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