South African Billionaire Koos Bekker Watches Multichoice Bleed As The Empire He Built Fights For Survival

2 Hour(s) Ago   👁 86
south african billionaire koos bekker watches multichoice bleed as the empire he built fights for su

Koos Bekker spent his entire career building things that outlasted every skeptic. The farm boy from Potchefstroom sold his house, moved to New York and wrote his Columbia Business School thesis on an idea South Africa had never seen: pay television.

That idea became M-Net, then MultiChoice, then DStv, the continent's dominant satellite broadcaster. It made him one of Africa's wealthiest men and gave him the platform to invest 33 million in a Chinese company called Tencent, a bet that turned into one of the greatest venture capital wins in history.

Now Bekker, 73, is watching the first part of that story come apart.

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