Naspers Buys Iyzico

I hear many people loathing Naspers for pushing offshore. Both with its listing and with its investments. In truth, South Africa is a tough place to scale in the tech space because we have a small population and an even smaller middle class. The Naspers management have shareholders interests to consider, including every single South African who has exposure to listed investments on the JSE.

On that note Naspers subsidiary PayU has agreed to buy Turkish digital payments company Iyzico for R2.4bn. Remember, Naspers already has big exposure to the Turkish online retail sector and this payments system will be a good fit. As we know, the Turkish economy has also been in the doldrums after some horrible politics so this acquisition feels opportunistic.



Naspers has also been investing in SA but our dear competition commission is currently investigating their purchase of We Buy Cars. Go figure.