Naspers makes R9.5 billion investment in Swiggy

[BusinessTech]

Naspers makes R9.5 billion investment in Swiggy

Naspers on Thursday announced that it will lead a $1 billion Series H round in Swiggy, India’s largest food delivery platform, with a $660 million investment.

 

[Lew Skannen]

Nice to see the Billion Dollar investments are outside SA. Naspers stands a good chance to succeed in future, but they will need to scale down operations locally and delist from the JSE and list on 2-3 other exchanges abroad.

 

[R13...]

Nice to see the Billion Dollar investments are outside SA.

How is it nice?

Naspers stands a good chance to succeed in future, but they will need to scale down operations locally and delist from the JSE and list on 2-3 other exchanges abroad.

They're profit driven and as long as they are making money they'll not scale down anything. You need help dealing with the hate you have for the country man. Can't be good for your health.

 

[Lew Skannen]

You need help dealing with the hate you have for the country man. Can't be good for your health.

I have absolutely no hate towards the country. The country is in trouble and it is what it is. It cannot be turned around and everyone will face what is to come. No exceptions. I am just being realistic and preparing for the worse. Those who do not accept the facts and who do not prepare will become poorer and guess who will be blamed then.....

How is it nice?

Like you said, they are profit driven. Taking your money out of the country and investing abroad is the best thing any investor can do. Investing locally will be disastrous. But, investors know that already.

I would love to invest in Naspers again, but not while they have such big exposure in South Africa. They need to scale down, delist from the JSE and I will be more than happy to grow my funds with them in New York, Britain or in Canada, but not locally.