Naspers seeks fresh mega investments

Naspers is keen to continue its search for e-commerce and tech investments, with Africa’s biggest company happy to deploy a sizeable war chest in its hunt for deals. ‘We have several billion in cash and underutilised credit facilities,’ CEO Bob Van Dijk said. ‘We have room to invest in the future.’ A report on the Fin24 site notes that the company has become one of the world’s largest investors in e-commerce ventures, as well as Africa’s largest pay-television provider, as it tries to build on the success of its early-stage investment in Chinese technology giant Tencent which is now worth $472bn. Van Dijk has been accumulating Internet technology acquisitions since taking the helm from chairperson Koos Bekker in 2014. Over two rounds in May and September, Naspers invested $1.2bn in Germany’s Delivery Hero, and has been involved in 14 deals worth $1.94bn this year alone.

Full Fin24 report