Prosus aims for $400-million e-commerce profit by 2025
CEO Bloisi emphasizes profitability and strategic divestments in core business
CEO Bloisi emphasizes profitability and strategic divestments in core business
Prosus N.V. has grown into a leading global consumer Internet group. The transaction gives Prosus liquidity to focus on higher-growth areas in its portfolio.
This upswing follows a period of steady gains for Bekker, with his Naspers holdings increasing by $36.75 million between April 17 and 25.
Naspers stays bullish on the future, reaffirming its focus on boosting shareholder value through ongoing share buybacks.
Prosus, a global consumer internet group founded in 1997 under South African billionaire Koos Bekker’s leadership, has become one of the world’s largest technology investors.
This further cements Bekker’s position as a leading South African business figure and a top investor on the Johannesburg Stock Exchange (JSE).
The recent funding from Standard Bank is a significant milestone toward achieving this goal and transforming auto financing for traditionally underserved demographics.
Bekker, a top figure in South Africa’s business landscape, is credited with transforming Naspers from a newspaper publisher into a top player in e-commerce and cable TV.
The $400-million surge in his fortune is attributed to the performance of his investment portfolio, which includes stakes Prosus N.V. and Naspers.
Naspers South Africa CEO Phuthi Mahanyele-Dabengwa affirmed the group’s commitment to fortify its businesses in anticipation of Amazon’s impending entry.
Navigating headwinds: Bekker’s Prosus N.V. stake takes a hit amid industry disruptions.