JOHANNESBURG, June 23 South Africa's Naspers
has $1.6 billion in cash offshore that it can spend
partially on acquisitions and for development of existing
businesses, its chief executive said on Monday.
"It depends on opportunities that we get and we like and
that would be looking into a future that nobody knows," chief
executive Bob van Dijk told Reuters.
The Internet and media company spent 7.7 billion rand ($719
million) on development in the year ended March, a 79 percent
jump from the previous year.
($1 = 10.7127 South African Rand)
(Reporting by Helen Nyambura-Mwaura; Editing by Ed Stoddard)