Cobus Stofberg, chief executive of the MIH group, Naspers’s internet and pay-television operations, will stand down on 1 April 2011 and Antonie Roux, currently head of MIH’s internet division, will take over as chief executive and director of MIH Holdings Limited.
Antonie Roux joined the Naspers group in 1979 and was a founding member of M-Net in 1985. In 1997, Mr. Roux was appointed chief executive officer of M-Web South Africa and in 2002 as chief executive officer of the Naspers internet operations.
Mr Stofberg will, however, remain in a full-time position as senior executive and corporate advisor to MIH.
Naspers is a leading multinational media group, incorporated in 1915 as a public limited liability company and listed on the Johannesburg Stock Exchange (JSE) in September 1994. The company also has an ADR listing on the London Stock Exchange (LSE).
Over the past two decades the group has evolved from a traditional print media business in one country, to a broad-based e-media company in multiple markets.
The group’s principal operations are in internet platforms (focussing on commerce, communities, content, communication and games), pay-television and the provision of related technologies and print media (including publishing, distribution and printing of magazines, newspapers and books). Most of Naspers’s businesses hold leading market positions.
The group’s most significant operations are located in emerging markets. This includes South Africa and the rest of Sub-Saharan Africa, China, Latin America, Central and Eastern Europe, Russia and India.
MIH/Naspers entities in Nigeria include Multichoice Nigeria (Nigeria’s premier pay-tv company), Kalahari.com.ng (Nigeria’s leading online store)and Dealfish.com.ng, the