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

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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