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 and Amazon rival Flipkart.