Naspers puts (almost) all its chips on classifieds

26 Nov 2013
In the first half of FY2014, multinational entertainment group Naspers funnelled the bulk of its R3 billion ($296 million U.S.) development spend to classifieds. In the second half of the year it will step up the pace yet again, and spend the bulk of R4 billion on developing its classifieds brands in 20 selected country markets, the company said today. (It released its results for the first half o


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Christo Volschenk

Christo Volschenk is managing editor of the news on Aimgroup.com and our senior analyst covering Naspers. He brings more than 31 years of experience in business journalism to the team - the last 18 years focused on classifieds and e-commerce. Apart from working closely with the AIM Group, Christo is a freelance journalist, content manager, and copy editor. Before branching out on his own, he spent 15 years with Naspers in South Africa as journalist, economics editor and online project manager. He now spends most his day editing the news reported by 23 colleagues in 23 countries from his base in Stuttgart, Germany.