JOHANNESBURG, April 1 Naspers named
Jim Volkwyn head of its pay-television business on Tuesday as
South Africa's largest company by market value pushes the
lucrative segment into more homes on the African continent.
Volkwyn, who previously headed the unit, is replacing Eben
Greyling, who helped increase Naspers' subscriber base to 7.3
million households across 48 African countries at the end of
Outgoing chief executive Koos Bekker is also stepping down
this month and will be replaced by e-commerce veteran Bob van
Dijk to help drive Naspers' aspirations in that sector.
Although now playing second fiddle to e-commerce, pay-TV is
still a key revenue contributor to the Internet and media
company, generating 17 billion rand ($1.6 billion) in sales in
the first half.
Founded in 1915 as Nasionale Pers, or "National Press",
Naspers was widely seen as the mouthpiece for the white minority
government. But with the end of apartheid in 1994, it has
increasingly focused on building and acquiring internet
businesses in fast-growing markets.
Naspers shares had gained more than 2 percent at 1122 GMT to
1,187 rand, outpacing Johannesburg blue-chip index that
was up 0.7 percent.
($1 = 10.5179 South African Rand)
(Reporting by Helen Nyambura-Mwaura; editing by David Dolan)