“I am excited about the huge potential for Prosus – our journey to the next US$100 billion of value is well under way.” – Fabricio Bloisi, Group CEO
“Innovation and reinvention are in our DNA and essential to our success.” – Fabricio Bloisi, Group CEO, Naspers
The company has welcomed the removal of concessions that will make it more expensive to buy apparel from international online retailers such as China’s Shein and Temu
The group achieved e-commerce profitability six months ahead of target
The rapid deployment of AI-led technologies across the Naspers ecosystem is generating real results
The company said it was responding to the global culture of online news consumption
The company sees opportunity in online payment – UPay – and food delivery – Swiggy
The fundamentals of its operating
businesses are improving, driving profitable growth
The investment community has for a long time been unhappy about the Naspers and Prosus leadership, including excessive remuneration
Ervin Tu, the group chief investment officer at Naspers, has been appointed interim chief executive of both companies
It’s difficult to drive and to understand. The company is once again trying to simplify its structure by unwinding cross-shareholdings
The cross-holding between Prosus and Naspers has been removed, allowing open-ended buyback to continue
Asset managers are concerned about the share exchange but others welcome it because Naspers has dominated the JSE
Polish anti-racism groups grow more concerned as the image of Chris Hani’s killer becomes normalised, with Janusz Walus’s likeness and name displayed on products for sale on a Naspers-owned website
The South African company is aiming to build
a food-delivery empire and already has investments in Brazil, India and Germany
Naspers’s listing of its internet holdings on Euronext makes its assets more tradeable