Profile: Naspers, a South Africa-based media conglomerate has become perhaps the country's most successful post-apartheid business on the back of a global diversification strategy through corporate venturing and acquisitions.

The transformation of a partisan newspaper group to  perhaps the largest media company for emerging markets with a presence in 127 countries has been achieved by using corporate venturing as a tool to gain a foothold in internet-focused businesses around the world.

Naspers, a South Africa-based publisher, was founded in 1915 as De Nationale Pers (The National Press) with "the explicit aim of … the political and economic upliftment of white Afrikaners", descendants of the Dutch that migrated to…