Johannesburg - Naspers has $1.6bn in cash offshore that it can spend partially on acquisitions and for development of existing businesses, CEO Bob van Dijk said on Monday.
"It depends on opportunities that we get and we like and that would be looking into a future that nobody knows," Van Dijk told Reuters.
The internet and media company spent R7.7bn on development in the year ended March, a 79% jump from the previous year.
* Fin24 is part of Media24, subsidiary of Naspers.
"It depends on opportunities that we get and we like and that would be looking into a future that nobody knows," Van Dijk told Reuters.
The internet and media company spent R7.7bn on development in the year ended March, a 79% jump from the previous year.
* Fin24 is part of Media24, subsidiary of Naspers.