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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
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.
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.
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.
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 announced on Wednesday that Phuthi Mahanyele-Dabengwa would lead its operations in SA in the newly created post of Naspers CEO, South Africa.
A Naspers [JSE:NPN] start-up fund has announced its first investment of R30m in online cleaning services platform SweepSouth.
Western CapeIsabel Byers School of Speech and DramaR6 000.00 - R12 000.00 Per Month
Cape TownSearch Guide Services
Cape Townemerge R1 000 000.00 - R1 140 000.00 Per Year
R 4 850 000
R 5 950 000
R 4 490 000
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