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Naspers is one of the ten largest consumer internet companies in the world and one of the largest technology investors - and here's how they are investing in local tech businesses
Founded in 1915, Naspers is a global internet group and one of the largest technology investors in the world. Naspers companies operate and invest in countries and markets across the world with long-term growth potential.
The JSE-listed group is set to become a driving force in growing local tech businesses whilst helping to drive South Africa’s economic renewal.
Naspers CEO in South Africa Phuthi Mahanyele-Dabengwa told shareholders at the internet solutions giant’s annual general meeting in Cape Town on Friday that the company had great interest in finding and investing in local internet-based ventures.
A Naspers [JSE:NPN] start-up fund has announced its first investment of R30m in online cleaning services platform SweepSouth.
Naspers Foundry is accepting pitches, after making its first investment in online cleaning services company SweepSouth.
South African investor, Naspers has announced its plans to launch a R1.4bn startup fund to boost South African technology startups, starting in 2019.
Naspers announced on Wednesday that Phuthi Mahanyele-Dabengwa would lead its operations in SA in the newly created post of Naspers CEO, South Africa.
Launched at the South Africa Investment Conference in October last year, Naspers Foundry is a R1.4 billion start-up fund aimed at boosting the South African technology sector.
In June this year SweepSouth, the online cleaning services platform that connects clients with domestic cleaners, announced a R30 million investment from one of South Africa’s newest tech funds, Naspers Foundry.
Africa’s biggest company by market value will put R1.4bn toward local start ups, with the balance going to Naspers units including online retailer Takealot and delivery service Mr D Food.
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