How Naspers propped up apartheid and the National Party (and profited in return)

While doing research for “Apartheid Guns and Money: A Tale of Profit”, non-profit Open Secrets collected about 40 000 archival documents with damning evidence of individuals and corporates who propped up apartheid and profited in return.

One such company was Naspers, today the largest company in Africa (and owner of 34% of Tencent, a Chinese tech firm that in May 2017 briefly became one of the 10 largest companies in the world).

(Read: "How Naspers paid peanuts for Tencent - China’s most valuable company")

The Money Show’s Bruce Whitfield interviewed Hennie Van Vuuren, Research Associate of Open Secrets at Institute for Justice and Reconciliation.

Open Secrets recently published details of how Naspers funded the National Party.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

The National Party had over 70 000 shares in Naspers.

Hennie Van Vuuren

PW Botha was concerned that The Citizen didn’t have sufficient reach as a [National Party] mouthpiece.

Hennie Van Vuuren

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This article first appeared on 702 : How Naspers propped up apartheid and the National Party (and profited in return)


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