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Naspers commits ZAR 1,5 billion to South Africa’s Covid-19 Response

31 March 2020

Naspers commits ZAR 1,5 billion to South Africa’s Covid-19 Response Naspers has committed R 1,5 billion in emergency aid to the government’s response to the Covid-19 crisis.
The group will contribute R 500 million to the Solidarity Response Fund announced by the President last week. In addition, Naspers will buy R 1 billion worth of personal protective equipment and other medical supplies in China – in partnership with the Chinese government and Tencent – to support South Africa’s health workers and fly it to South Africa as soon as possible.
“By working with government and civil society we want to help our country overcome this very difficult period. We hope this combination of support will help to make a difference in South Africa’s response to Covid-19.” said South Africa CEO, Phuthi Mahanyele-Dabengwa.
Bob van Dijk, Group CEO said: “We realise these are tough times that require dramatic action and  Naspers is contributing to the measures underway in South Africa.  We want to thank the government of China and our partner Tencent for their solidarity. More details will be released as soon as we have them.”
The details of the personal protective equipment and other medical supplies are being finalised together with local South African authorities, partners and supply networks in China.

For more information contact:
Eoin Ryan, Head of Investor Relations
+1 347-210-4305
[email protected]

Shamiela Letsoalo, Media Relations Director
+27 78 802 6310
[email protected]

About Naspers

Established in 1915, Naspers has transformed itself to become a global consumer internet company and one of the largest technology investors in the world. Through Prosus, the group operates and invests globally in markets with long-term growth potential, building leading consumer internet companies that empower people and enrich communities. Prosus has its primary listing on Euronext Amsterdam and a secondary listing on the Johannesburg Stock Exchange and Naspers is the majority owner of Prosus.
In South Africa, Naspers is one of the foremost investors in the technology sector and is committed to building its internet and ecommerce companies in the country. These include Takealot, Mr D Food, Superbalist, OLX, Autotrader, Property24 and PayU, in addition to Media24, South Africa’s leading print and digital media business.
Naspers is also focused on stimulating South Africa’s local tech sector through Naspers Foundry. This is a R1.4 billion investment targeting early stage technology companies in South Africa that seek to address big societal needs. To help address youth unemployment in impoverished communities, in 2019, Naspers launched Naspers Labs, a social impact programme for young, unemployed South Africans aged between 17 and 25. Located in low income, urban settings, Naspers Labs provide a structured development journey enabling young people to enter the economy.

Naspers has a primary listing on the Johannesburg Stock Exchange (NPN.SJ) and a secondary listing on the A2X Exchange (NPN.AJ) in South Africa, and has an ADR listing on the London Stock Exchange (LSE: NPSN).

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