Afrobility: Africa Tech and Business

#5: Naspers - How Africa’s largest company went from newspaper publishing to Tencent and Prosus

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Overview: In this episode, we talk about Naspers - The South African conglomerate, investment group & most valuable company in Africa. We’ll discuss its early history, transition from newspaper publisher to tech investment firm, Tencent investment, broader investment portfolio & Naspers' future outlook. 


Companies discussed: Naspers, Prosus, Tencent, PayU, Media24, Takealot, M-Net, Swiggy, OLX, PayU, Delivery Hero


Business concepts discussed: VC investments, developing market investing, portfolio diversification & conglomerate discounts


Conversation highlights:

  • (00:40) - Naspers founding and early history
  • (02:18) - Koos Bekker background and influence
  • (05:25) - Tencent investment
  • (06:10) - Tencent overview
  • (09:50) - Naspers broader (non-Tencent) investment portfolio
  • (13:36) - Naspers classifieds businesses
  • (18:05) - Naspers in FinTech and payments
  • (20:50) - Naspers investment strategy and portfolio vs Softbank
  • (28:10) - Prosus spin-off
  • (30:30) - Naspers conglomerate discount
  • (35:00) - Prosus discount
  • (38:30) - Naspers ownership structure
  • (42:48) - Olumide’s overall thoughts and outlook
  • (46:25) - Bankole’s overall thoughts and outlook

    • Olumide’s recommendations & small wins:

    • Recommendation: Passive Income, Aggressive Retirement (by Rachel Richards)
    • Recommendation: How to build wealth (Naval Ravikant podcast)
    • Small win: LazyFA.com

      • Bankole’s recommendations & small wins:

      • Recommendation: Ultraworking
      • Small win: Focusmate
      • Other content mentioned: Naspers strategy document 2018

        •  

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        Afrobility: Africa Tech and BusinessBy Olumide Ogunsanwo and Bankole Makanju
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