How Naspers – a once tiny Afrikaans publisher - became a R1 trillion company

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%.

The Money Show’s Bruce Whitfield interviewed Paul Theron, MD of Vestact.

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

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the seven most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.


Recommended

by THE NEWSROOM

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Is Naspers too dependent on Tencent?

Is Naspers too dependent on Tencent?

We interviewed Naspers CEO Bob van Dijk about the perceived over-reliance of his company on Chinese behemoth Tencent.

Naspers owned Tencent now world’s 11th the most valuable brand (1st in China)

Naspers owned Tencent now world’s 11th the most valuable brand (1st in China)

Internet services company Tencent Holdings, in which Naspers has a 34 percent stake, has surpassed Facebook in brand value.

Naspers owned Tencent buys stake in Kim Kardashian game developer Glu Mobile

Naspers owned Tencent buys stake in Kim Kardashian game developer Glu Mobile

The Chinese tech-firm will pay R1.5bn for a 15 percent stake in the US developer famous for its hit "Kim Kardashian: Hollywood”.

Why you should stay the heck away from Naspers (despite the hype)

Why you should stay the heck away from Naspers (despite the hype)

Everyone from your hairdresser to your dentist is urging you to buy Naspers. This is exactly why you should read this.

Yet another analyst agrees; Naspers is one heck of a great investment right now

Yet another analyst agrees; Naspers is one heck of a great investment right now

First Avenue Investment Management analyst Nadim Mohamed is the latest in a string of experts to sing Naspers’ praises.

Why the sky is the limit for the Naspers share price

Why the sky is the limit for the Naspers share price

The Naspers share price is booming and analysts expect it to continue. Here’s why…

How once tiny Afrikaans publisher Naspers became an emerging market juggernaut

How once tiny Afrikaans publisher Naspers became an emerging market juggernaut

Bruce Whitfield speaks to historian Professor Lizette Rabe about the story of the Nasionale Pers.

Popular articles
I was not introduced to Ajay Gupta - Grootes

I was not introduced to Ajay Gupta - Grootes

Stephen Grootes says he believes former Eskom CEO Brian Dames when said he was not formally introduced to the Gupta family.

Minister Zwane confirms trips to Dubai and Switzerland

Minister Zwane confirms trips to Dubai and Switzerland

EWN parliamentary correspondent Gaye Davis says Mineral Resources Minister Mosebenzi Zwane received detailed and tough questions.

Zweli Mkhize 'taken by surprise' with latest cabinet reshuffle

Zweli Mkhize 'taken by surprise' with latest cabinet reshuffle

The ANC treasurer-general confirmed Mantashe’s comments that the President did not consult the ANC leadership on the reshuffle.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

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.

'Collect experiences, NOT possessions!' - Paul Theron (Vestact MD)

'Collect experiences, NOT possessions!' - Paul Theron (Vestact MD)

Bruce Whitfield interviews the razor-sharp tongued Vestact MD Paul Theron about his money hopes, fears, successes, failures, etc.

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...

Meet Errol Musk - father of Elon, the most innovative entrepreneur of our age

Meet Errol Musk - father of Elon, the most innovative entrepreneur of our age

Elon Musk, as you’d expect, hails from an exceptional family. Bruce Whitfield interviews his Capetonian father.