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Naspers cover

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Naspers

South African Internet company

Naspers Limited is a multinational consumer Internet company headquartered in South Africa. Its principal operations include online classified advertising, fintech, payments, and food delivery. Founded in 1915 by Jannie Marais of Coetsenburg and attorney W.A. Hofmeyr; the company launched with the support of Jan Christiaan Smuts, Louis Botha, and National Party founding president J.B.M. Hertzog. Naspers owns, or has controlling interest in, various businesses, including Prosus, Media24, and Takealot. In 2001, Naspers made an early, successful investment of US$32 million, in Tencent. As of 2018, Naspers had approximately a 31 percent stake in Tencent, becoming its largest shareholder, and Africa's biggest public company. In recent years, Naspers has continued to build substantial holdings in consumer internet companies around the world, with a particular focus on India.
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