Naspers’s market capitalisation climbed above R1 trillion on Tuesday.
This came on the back of record gains of by Chinese WeChat messaging app developer Tencent, of which Naspers owns 34%.
Theron spoke about the history and growth of this South African giant.
Scroll down for quotes from the audio below.
Who would have thought, back in 1915, when a bunch of Afrikaans guys got together to create a bunch of nationalistic newspapers that this would be the outcome!— Paul Theron, MD of Vestact
Naspers has a visionary management team; particularly Koos Bekker.— Paul Theron, MD of Vestact
It’s hard to make eye contact with Chinese people because they’re always looking at their phones.— Paul Theron, MD of Vestact
The Chinese government doesn’t allow Amazon, Facebook and Google.— Paul Theron, MD of Vestact
This will not end in tears. It will end in euphoria.— Paul Theron, MD of Vestact
Naspers has been on a spending spree in the last 15 years. They have an incredible portfolio.— Paul Theron, MD of Vestact
If you don’t have at least 15% of your portfolio in Naspers you need to have your head read.— Paul Theron, MD of Vestact
You must be invested in this thing!— Paul Theron, MD of Vestact
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