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Johannesburg - Naspers [JSE:NPN] named Jim Volkwyn head of its pay-television business on Tuesday as South Africa's largest company by market value pushes the lucrative segment into more homes on the African continent.
Volkwyn, who previously headed the unit, is replacing Eben Greyling, who helped increase Naspers' subscriber base to 7.3 million households across 48 African countries at the end of September 2013.
Outgoing chief executive Koos Bekker is also stepping down this month and will be replaced by e-commerce veteran Bob van Dijk to help drive Naspers' aspirations in that sector.
Although now playing second fiddle to e-commerce, pay-TV is still a key revenue contributor to the Internet and media company, generating R17bn ($1.6bn) in sales in the first half.
Naspers shares gained more than 2% at 11:22 GMT to R1 187, outpacing the Johannesburg blue-chip index that was up 0.7%.
* Fin24 is part of Media24, a subsidiary of Naspers.
Volkwyn, who previously headed the unit, is replacing Eben Greyling, who helped increase Naspers' subscriber base to 7.3 million households across 48 African countries at the end of September 2013.
Outgoing chief executive Koos Bekker is also stepping down this month and will be replaced by e-commerce veteran Bob van Dijk to help drive Naspers' aspirations in that sector.
Although now playing second fiddle to e-commerce, pay-TV is still a key revenue contributor to the Internet and media company, generating R17bn ($1.6bn) in sales in the first half.
Naspers shares gained more than 2% at 11:22 GMT to R1 187, outpacing the Johannesburg blue-chip index that was up 0.7%.
* Fin24 is part of Media24, a subsidiary of Naspers.
