Naspers

Naspers Limited (until 1998 Die Nasionale Pers) is a South African multinational internet, technology and multimedia holding company headquartered in Cape Town, with interests in online retail, publishing and venture capital investment.

Naspers' principal shareholder is its Dutch listed investment subsidiary Prosus, which owns approximately 49% of its parent as part of a cross ownership structure.

[5] Founded in 1915 by attorney William Angus Hofmeyr [af], Die Nasionale Pers was the largest publishing company in South Africa throughout the 20th century with interests across newspapers, magazines and books.

In 2001, Naspers made an early investment in Chinese technology firm Tencent and became increasingly focused on the global consumer internet sector.

The launch of Die Nasionale Pers was financed by Jannie Marais, a prominent Stellenbosch farmer who had made a fortune in the Kimberley diamond mines and was the largest shareholder of the District Bank.

[14] In 1986, Die Nasionale Pers formed a partnership with other South African publishing companies and launched pay-TV service M-Net.

[16] M-Net proved successful and, with sister companies MultiChoice and M-Web, steadily expanded its operations both in South Africa and internationally throughout the 1990s.

[21] In 2003, Naspers took full ownership of subscription television business M-Net and its sister companies MultiChoice and M-Web, integrating their extensive operations across Europe, Africa, Asia and the Middle East.

Naspers Labs, designed in partnership with RLabs and its founder Marlon Parker,[37] launched in 2019 as an economic initiative for unemployed youth in South Africa.

[38] In May 2021, Naspers announced a share swap deal with its Dutch-listed subsidiary Prosus in an attempt to reduce the discount between the asset value of the companies and their market capitalisation.

de Klerk, on 17 August 1989, the then managing director of Die Nasionale Pers, Ton Vosloo, reaffirmed the company's support of the National Party.

"[41] In 1997, the Truth and Reconciliation Commission requested that Die Nasionale Pers make a submission about the years between 1960 and 1994 (thus, broadly, between the Sharpeville massacre, in March 1960, and the first democratic elections of April 1994), specifically, the media's role during this period.

Die Nasionale Pers refused to comply, which led to 127 employees each making an individual submission to the TRC, apologising for their role in the apartheid years.

They said Die Nasionale Pers newspapers had formed an integral part of the power structure which implemented and maintained apartheid through, for instance, supporting the NP in elections and referendums.

[42][43] In 2015, Media24 CEO Esmare Weideman issued a case-limited apology citing a single employee, Conrad Sidego, who had experienced problems with separate facilities.

Naspers Foundry is a South Africa-focused early stage venture capital fund that invests in firms that "address big societal needs".