Integrated annual report 2023

South Africa

Over a century in South Africa, evolving from the largest print and TV media business into a 100% global consumer internet group in the upper middle-income southern African economy; hard hit by
Covid-19; poor utilities management; high-income inequality; hosts Africa’s largest stock exchange; rising unemployment, especially youth.

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Population 80% internet users

Unemployment rate 32.7%

GDP 2%

Inflation 6.9%


Population 60 million*

* Estimated.

Naspers offers

Investing in digital transformation – to grow South Africa’s tech ecosystem and economy; create opportunities for SME owners and independent workers.

Invest in local entrepreneurs to find local solutions to change people’s lives for the better. We partner founders and their teams, providing advice and expert resources to assist them to scale their businesses successfully for long-term growth.

Naspers Labs – youth development programme to increase economic participation of disadvantaged communities, and address youth unemployment. As part of our total R235m investment in this programme, we have provided business support (incubation, acceleration and market access) to 33 young entrepreneurs, enabling them to improve their businesses to become self-sustaining, leverage technology and grow.

To date, about 3 956 young South Africans have been empowered by Naspers Labs.

South African employer, investor, and made substantial contributions to the development of the country’s society.

Significant tax contributor.

As a group, our tax contribution assists government in addressing some of the country’s most pressing societal needs.


  • 100 Takealot e-bike delivery drivers and our aim for FY24 is 500.

Administration and corporate information

Company secretary
L Bagwandeen
Suite 15, Third Floor
Oxford & Glenhove
116 Oxford Road
Houghton Estate
Johannesburg 2196
South Africa

Registered office
40 Heerengracht
Cape Town 8001
South Africa
PO Box 2271
Cape Town 8000
South Africa
Tel: +27 (0)21 406 2121
Fax: +27 (0)21 406 3753

Registration number
Incorporated in the Republic of South Africa
JSE share code: NPN ISIN: ZAE000015889

Independent auditor
PricewaterhouseCoopers Inc.

Transfer secretaries
JSE Investor Services Proprietary Limited
(Registration number: 2000/007239/07)
One Exchange Square
2 Gwen Lane
Sandown, Sandton 2196
PO Box 4844
Johannesburg 2000, South Africa
Tel: +27 (0)86 140 0110/+27 (0)11 713 0800

ADR programme
Bank of New York Mellon maintains a
GlobalBuyDIRECTSM plan for Naspers Limited
For additional information, please visit
Bank of New York Mellon’s website at or call Shareholder
Relations at 1-888-BNY-ADRS or
1-800-345-1612 or write to:
Bank of New York Mellon, Shareholder Relations
Department – GlobalBuyDIRECTSM
Church Street Station
PO Box 11258
New York
NY 10286-1258

Investec Bank Limited
(Registration number: 1969/004763/06)
PO Box 785700
Sandton 2146
South Africa
Tel: +27 (0)11 286 7326/+27 (0)11 286 9986

Webber Wentzel (in alliance with Linklaters)
PO Box 61771
Marshalltown 2107
South Africa

Werksmans Inc.
PO Box 1474
Cape Town 8000
South Africa

Investor relations
Eoin Ryan
Tel: +1 347-210-4305