Naspers: New CEO promises even faster growth, more internet investment

The departure of Naspers’ long-time CEO Koos Bekker came over a weekend, giving punters time to reflect before voting with their chequebooks. As a result, a message of a “second sabbatical” before his return as chairman, had sufficient time to be absorbed. As did the decision to appoint a 40-something Dutch ecommerce specialist as his … Read more

Message to Naspers Bulls – remember the Microsoft disappointment

Deep value investors like Cannon Asset Management find it hard to compute exponential growth – especially in share prices. And in the South African context, nothing in recent times compares with surging Naspers, a stock whose star shines ever brighter because of its 34% stake in TenCent, the Chinese Internet business whose growth keeps defying … Read more