Big Five take-away points about one of Africa's media giants

Loni Prinsloo, Journalist with Bloomberg News Johannesburg, gave us her Big Five take-away points from her interview with Bob van Dijk CEO of Africa’s largest company by market value, Naspers and will share the points from the interview.

CEO of Naspers, Bob van Dijk, told Prinsloo that Naspers is doing well and that they will still make strong profits.

The Bloomberg forecast by analysts is that revenue will still rise 13% to R82 billion for the year.

Loni Prinsloo, Journalist with Bloomberg News Johannesburg

But, says Prinsloo, there is concern about the Sub-Saharan region where falling commodity prices has had such a devastating effect. The more consumers are squeezed, the less they have to spend on luxuries like Pay TV and online movies - a big part of Naspers's market.

Bob van Dijk said their margins are going to be pressured in this region.

Loni Prinsloo, Journalist with Bloomberg News Johannesburg

There is a bigger picture though for Naspers. Most notably is their enormous success linked to Tencent Holdings Ltd. Prinsnloo says their shares in the company have been very successful.

Since about 2010, Naspers shares in Tencent have risen 600%.

Loni Prinsloo, Journalist with Bloomberg News Johannesburg

She says van Dijk seems committed to the Sub-Saharan region despite the economic constraints on consumers. He sees long term potential. Consumers in the region are so squeezed by inflation, and so he has said Naspers will absorb some of the costs of buying top dollar international content for their media platforms and that for now Naspers has decided not to increase prices this year

Read More
Saica to launch KPMG probe (not so fast, says IRBA)

Saica to launch KPMG probe (not so fast, says IRBA)

The Money Show’s Bruce Whitfield interviews newly appointed KPMG SA CEO Nhlamu Dlomu and IRBA CEO Bernard Agulhas.

Sarb leaves interest rates unchanged. Because politics...

Sarb leaves interest rates unchanged. Because politics...

The Money Show’s Bruce Whitfield interviews Liberty SA Retail Consumer Economist Tendani Mantshimuli.

KPMG International's meeting with Pravin Gordhan

KPMG International's meeting with Pravin Gordhan

The Money Show’s Bruce Whitfield interviews Pauli van Wyk, a journalist with Scorpio at Daily Maverick.

How to make your business more innovative (and what that actually means)

How to make your business more innovative (and what that actually means)

The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator’s Pavlo Phitidis.

Where to invest money you intend to leave to your kids

Where to invest money you intend to leave to your kids

The Money Show’s Bruce Whitfield interviews Galileo Capital Personal Financial Advisor Warren Ingram.

Meet Maryana Iskander, on a mission to find employment for 1st-time job seekers

Meet Maryana Iskander, on a mission to find employment for 1st-time job seekers

Bruce Whitfield interviews Iskander to learn about her non-profit company that partners with South African employers.

Popular articles
Soulful Sundays Playlist: Sunday 11 June 2017

Soulful Sundays Playlist: Sunday 11 June 2017

Favourites to feed your soul on Sunday.

Opinion:  Bishop Lekganyane is right

Opinion: Bishop Lekganyane is right

Stephen Grootes weighs in on comments made by the Zion Christian Church Bishop at the weekend.

So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

Getting to know MP, Dr Makhosi Khoza

Getting to know MP, Dr Makhosi Khoza

Dr Khoza is admired by South Africans for her role in the SABC inquiry as a ANC member of parliament.

How to make your first million

How to make your first million

Warren Ingram discusses his new book in which he shares practical ways for ordinary people to achieve financial freedom.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?

The world’s richest doctor (worth R150bn) was born and raised in South Africa

The world’s richest doctor (worth R150bn) was born and raised in South Africa

Patrick Soon-Shiong, son of Chinese immigrants to SA, is the world’s richest doctor and the wealthiest resident of Los Angeles.