n Personal Finance Newsletter - The next growth vector for Naspers? : markets
|Article Title||The next growth vector for Naspers? : markets|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Personal Finance Newsletter|
|Affiliations||1 Kagiso Asset Management|
|Publication Date||Feb 2016|
|Pages||14 - 16|
NASPERS HAS been tremendously successful at building new businesses and investing in new growth opportunities. Its more mature Pay TV and print businesses currently make up the bulk of reported profits and cash flow, and its investment in Tencent, the massive Chinese internet company, today constitutes around 96% of Naspers' market capitalisation. However, we believe that the group's next large earnings contributor will be its rapidly evolving emerging markets online classifieds business that is currently consuming cash and depressing earnings.
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