Finance Monthly CFO Awards Winners Edition
Fina nce Monthly CFO Awards 2 020 www.finance-monthly.com 80 SOUTH AFRICA Finance Monthly CFO Awards 2020 Finance Monthly CFO Awards 2020 www.fi ance-monthly.com 80 Financial Director & Executive Director of NASPERS BASIL SGOURDOS ABOUT NASPERS Naspers is a global internet group and one of the largest technology investors in the world. Naspers companies connect people to each other and the wider world and create value by improving lives. Every day, millions of people use the products and services of companies that Naspers has invested in, acquired or built. Throughout our 100-year history, we have grown by investing in, acquiring and building leading companies with sustainable competitive advantages. We believe in the power of local backed by global scale. We continue to back new business models to fuel our growth and increasingly, we look for opportunities to address big societal needs in markets where we see the greatest growth potential. These include all major markets in the world. Where we see a company with promise, we move quickly to expand and scale it. We believe we are the best global growth partner for founders, startups and other investors with the ambition to scale in our markets. Our operating model is different from many other companies. We both invest in and run leading companies, and we add value at all life-stages. We create our own businesses or invest in early stage companies, we take promising models and grow them quickly to scale, we evolve and grow companies already at scale, and we hold investments in listed companies with significant upside. Today, the Naspers group is organised into two areas: our media and internet interests in South Africa, and through Prosus, our internet interests outside of South Africa including companies and investments in the online classifieds, food delivery, payments and fintech, etail, travel, education and social and internet platforms sectors, among others. We recognise that sustainable development and economic, social and environmental protection are global imperatives that present both opportunities and risks for business. Naspers is positioning itself to meet these challenges and make commitments to enrich our people and communities, and protect our environment. We report in line with King IV and the International Integrated Reporting Framework (6 capitals framework) by: Reporting our business model using the international integrated reporting framework (6 capitals), Engaging our stakeholders, and detailed application of King IV in our governance report and framework. We attract the world’s best talent to build leading companies and outstanding products that are used by millions of people every day. We believe we offer something unique to our 28,000 people across the globe: a meaningful and rewarding place to put your talent to work. Our people are empowered to be responsible and make decisions because we trust them to do a great job. We believe in them and we want them to share their talent and expertise across the group. We invest in our people so they can build their skills, their expertise and ultimately, their career. www.naspers.com ABOUT BASIL SGOURDOS Basil Sgourdos (South African and Greek) is our financial director and an executive director. He was appointed as the financial director of Naspers in July 2014. He worked for PricewaterhouseCoopers Inc. from 1989 to 1994. Thereafter he joined Naspers, initially as the finance manager of the South African operations division in MultiChoice and then as chief financial officer of Naspers’s investment in United Broadcasting Corporation plc, listed on the Stock Exchange of Thailand, where he remained for 10 years. He then spent two years in Amsterdam as the general manager of the video-entertainment business development globally before being appointed as financial director of MIH Holdings Proprietary Limited (MIH Holdings) in January 2009. He held this position until he became the financial director of Naspers. He is a qualified South African chartered accountant and holds a BCom from the University of the Witwatersrand and BAccHons from the University of South Africa.
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