Naspers SA CEO Phuthi Mahanyele-Dabengwa wants to back a start-up that could turn into an internet giant like China's Tencent, but she's not searching abroad - she wants to find it right here in SA.

With a R1.4bn fund called Naspers Foundry at her disposal, she will be announcing three investments before the end of the year, she told Business Times this week.

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