NASPERS. Not looking at its navel.

Byline: Matebello Motloung

NASPERS Not looking at its navel In true maverick style, listed media giant Naspers, whose value (R70bn) has improved slightly in the past year, is refusing to let the financial crisis put the brakes on its expansion plans. Armed with R5,6bn in the kitty, the conglomerate is continuing with its quest to conquer developing markets in Asia, Central and Eastern Europe, Brazil and India. It spent the six months to March hunting for and acquiring online companies in Eastern Europe while waiting to seal a deal or two in India, says CE Koos Bekker. Online assets, which Naspers has identified as key to its growth, are selling at a bargain in the …