BNC#9 | Hans Hawinkels: He made the "best deal in history," and Naspers still got rid of him

Loading player...
He spent three months convincing two reluctant shareholders to sell. He drove across the Hong Kong border in a train packed "like sardines" to negotiate with four young founders through an interpreter. He talked Naspers into betting $32 million it barely had on a loss-making Chinese chat app called QQ. It became Tencent, one of the most valuable companies on earth, and the single biggest driver of wealth in almost every South African pension fund. A year later, his contract wasn't renewed. In this fireside chat at BNC#9, Hans Hawinkels breaks a two-decade silence to tell Alec Hogg exactly how the deal got done, why he still doesn't know why he was pushed out, and what he thinks Africa would need to produce its own Tencent.
20 Aug 8AM English South Africa Investing · Business News

Other recent episodes

SA's Competition Commission has become a handbrake on the economy: Rob Rose

Bryan Brownrigg was never a currency trader. He sold foreign exchange to Standard Bank's institutional clients for 23 years. But when the Competition Commission decided that 28 banks had run a single conspiracy to rig the rand, his name went into the complaint anyway, and it took a decade and…
11 Sep 7AM 20 min

He built a $1.5bn bank. Now Revolut, Discovery Bank and PEP are circling

In this interview with Irakli Rekhviashvili, Tyme Group co-founder Coenraad Jonker gives his take on what actually protects a digital bank once the competition catches up, and why he thinks the old rules of banking no longer apply. On competitive advantage, he says: "I'm saying to my guys increasingly, I…
11 Sep 7AM 50 min