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Naspers commits R1,5 billion

Naspers has committed R1,5 billion in emergency aid to the government’s response to the Covid-19 crisis.

The group will contribute R500 million to the Solidarity Response Fund announced by the president last week. In addition, Naspers will buy R1 billion worth of personal protective equipment and other medical supplies in China – in partnership with the Chinese government and Tencent – to support South Africa’s health workers and fly it to South Africa as soon as possible.

“By working with government and civil society we want to help our country overcome this very difficult period. We hope this combination of support will help to make a difference in South Africa’s response to Covid-19,” said South Africa CEO, Phuthi Mahanyele-Dabengwa.

Bob van Dijk, group CEO, said: “We realise these are tough times that require drastic action and Naspers is contributing to the measures underway in South Africa. We want to thank the government of China and our partner Tencent for their solidarity. More details will be released as soon as we have them.”

The details of the personal protective equipment and other medical supplies are being finalised together with local South African authorities, partners and supply networks in China.

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