Naspers CEO to step down

JOHANNESBURG - South African e-commerce and media firm Naspers Ltd said on Saturday Chief Executive Koos Bekker would step down in April after 17 years of explosive growth that transformed a small publisher into an emerging markets giant.

Bekker will be replaced by e-commerce chief Bob van Dijk, the Cape Town-based company said in a statement. After a year off, Bekker will return in April 2015 as chairman, Naspers said.

Naspers' stable of products as seen on this plinth outside their Johannesburg offices at Media Park. Credit: Independent Newspapers

He will remain on the board of Chinese Internet firm Tencent Holdings, which is more than 30 percent owned by Naspers.