South Africa | Media
Offering internet and media services in more than 130 countries, Naspers is now Africa’s largest company, with an estimated market value in excess of $60bn. The South African multimedia group – which celebrated 101 years of operations in May 2016 – has experienced substantial growth in the past decade, with a series of astute investments ensuring Naspers accounts for roughly one fifth of the Johannesburg Stock Exchange Index 40. Now commanding a 35 percent stake in Chinese internet giant Tencent, Naspers’ stock has risen 500 percent since 2010. Other notable investments in recent years have included Russian internet company Mail.ru and Amazon rival Flipkart.