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For immediate release

South Africa, 1 December 2017

Statement by the Board of Naspers

The Board of Naspers today issued the following statement:

There seems to be persistent baiting of Naspers to intervene in the affairs of MultiChoice.

While some reporting is no doubt driven by an honourable wish to expose corruption, some
of it is clearly intended to apply pressure on Naspers to force MultiChoice to take the news
channel ANN7 off the air.

That channel is closely associated with the Gupta family and, given the recent exposure of
corruption linked to them, it is felt inappropriate that they should have a voice on television
and that MultiChoice should facilitate that. A wide variety of issues, complaints and
allegations have recently been made.

A few notes about that:

Some allegations are even at face value spurious or even malicious, for example
reports that the Guptas have a stake in Takealot. Or that a public meeting of the top
executives of MultiChoice and the SABC to negotiate satellite and DTT channel
carriage - which was called by the SABC, conducted at their main premises, attended
by their top echelon and duly minuted - was somehow clandestine and illegal.
Some allegations need more time to check thoroughly. We operate many businesses
in 120 countries and need to respect the autonomy of our operating companies,
where we have separate independent boards, plus partners or other shareholders.
The responsibility for dealing with these allegations lies with the MultiChoice board.
We have confidence in them handling the matter, following their governance
procedures. Naspers is committed to strong governance and requires the same of its
subsidiaries. Of course, once theyve done that properly, they will report back to the
Naspers board and the public.
A suggestion by ex-communications minister Yunus Carrim that Koos Bekker once met
with him regarding encryption is perfectly accurate. Here are the facts: this meeting
took place in Pretoria and was for the full duration also attended by Minister Pravin
Gordhan, whom we greatly respect. Minister Gordhan can attest to the content of
the meeting and whether any Gupta-related or any other illegal matter was discussed.


For the record, neither of Ton Vosloo, previous chair of Naspers, Koos Bekker, present
chair, or Bob van Dijk, CEO, had to their best recollection ever in any country met any
member of the Gupta family at any but public funtions, never discussed anything with
them, never even received written communitions or a single telephone call from
We understand the frustration some people feel that a channel associated with
corruption is still being broadcast. But the nature of a satellite platform is to provide
the largest number and the most diverse voices for the public to choose from. The
public decides what to watch. Media freedom and diversity are values worth
protecting in an open democracy. We do not think it wise to terminate a channel that
participates in the debate about ANC succession barely two weeks before the elective

So, in conclusion, while we understand the frustration, we also suggest that further baiting of
Naspers to override MultiChoice in this matter is not conducive to an open democracy.

- END -

For more information contact:

Anika Ebrahim, Communications Director

Tel: +27 21 406 3446
Mobile: +27 82 551 4171

About Naspers

Founded in 1915, Naspers is a global internet and entertainment group and one of the largest technology investors in the
world. Operating in more than 120 countries and markets with long-term growth potential, Naspers builds leading
companies that empower people and enrich communities. It runs some of the worlds leading platforms in internet, video
entertainment, and media.

Naspers companies connect people to each other and the wider world, help people improve their daily lives, and entertain
audiences with the best of local and global content. Every day, millions of people use the products and services of
companies that Naspers has invested in, acquired or built, including Avito, Brainly, Codecademy, Delivery Hero,
eMAG, Flipkart, ibibo, iFood, letgo, Media24, Movile, MultiChoice, OLX, PayU, Showmax, SimilarWeb, Swiggy, Twiggle, and
Udemy. Similarly, hundreds of millions of people have made the platforms of its associates Tencent (;
SEHK 00700), (; LSE: MAIL), and MakeMyTrip Limited (; NASDAQ:MMYT) a
part of their daily lives.

Naspers is listed on the Johannesburg Stock Exchange (NPN.SJ) and has an ADR listing on the London Stock Exchange (LSE:

For more information, please visit

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