Bob van Dijk, CEO of Africa’s biggest company, suffers $6-million loss in August

Omokolade Ajayi -

Bob van Dijk, the accomplished Dutch business executive leading Naspers, Africa’s largest publicly listed company and the 512th largest in the world, has suffered a notable setback of over $6 million as the market value of his stake in the Cape Town-based multinational holding company continues to plummet since the start of August.

Data gathered by Billionaires.Africa revealed that van Dijk’s stake in Naspers, Africa’s biggest company in terms of valuation has decreased by R118.42 million ($6.19 million) since Aug. 1 as investors on the local bourse continue to reduce their stakes in the Cape Town-based holding company.

Established in 1915, Naspers Limited is a global consumer internet company with operations in Africa, Asia, Europe, Latin America, and North America with operations in various segments, including classifieds, food delivery, payments, fintech, Etail, Edtech, social and internet platforms, Media24, and e-commerce.

Headquartered in Cape Town, South Africa, Naspers, a global internet group, currently boasts a market capitalization of more than $33 billion, making it Africa’s largest company in terms of valuation.

Van Dijk, who has been the CEO of Naspers since 2014, owns a 0.24-percent stake in the South African conglomerate. This translates to a total of 457,300 ordinary shares in the group.

Since the start of August, Naspers Shares have slumped by 7.30 percent, falling from R3547.95 ($185.54) on Aug. 1 to R3288.99 ($171.99) on Aug. 18, and returning losses amounting to millions of dollars for its shareholders, including van Dijk.

The single-digit percent slump in Naspers’s shares has resulted in a R118.42 million ($6.19 million) loss in the market value of van Dijk’s stake, which has declined from R1.62 billion ($84.85 million) on Aug. 1 to R1.50 billion ($78.65 million) at the time of writing.

Despite this recent downturn, van Dijk remains one of the top investors on the Johannesburg Stock Exchange, maintaining his stance as a key investor on the local bourse.