Naspers CEO Bob van Dijk: Earmarking the $12bn cash pile; and cutting share price discount

Naspers poses a conundrum for South African investors. A wildly successful investor, Naspers' underlying asset value far exceeds its market cap. Yet even trading at a 40% discount to the value of just its largest investment, Tencent, Naspers is still by far one of the biggest company on the JSE by market cap.