Naspers Ltd (JSE:NPN)
R 3771.22 -8.78 (-0.23%) Market Cap: 670.87 Bil Enterprise Value: 600.66 Bil PE Ratio: 9.04 PB Ratio: 2.12 GF Score: 82/100

Naspers Ltd Annual Shareholders Meeting Transcript

Aug 25, 2021 / 12:00PM GMT
Release Date Price: R2441.98 (+2.91%)
Jacobus Petrus Bekker
Naspers Limited - Non-Executive Chairman

Folks, kindly allow me to briefly touch on 3 topics: our role in society, then how society regulates us and, lastly, the recent exchange offer. You will hear from Bob and Basil how we fair as a company. Now you're a shareholder, so you share for better, worse in our fortunes, both up and down. But apart from that, we also fulfill a role in society. We give employment to tens of thousands of people who, in their turn, support families and communities. We pay billions in taxes directly and indirectly to many countries and to towns.

We also help to digitize economies. Just a few examples. When we reduce the wasted pollution, when a classified service persuades you to sell that old bicycle in your garage and the kid next door does not have to buy a new one. We also bring meals and parcels to your door, which proved invaluable during COVID. And so many countries, we helped millions of people to pay electronically. This suddenly includes them in the online financial world that it gives them access to services they never had. More

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