Prosus chairman Koos Bekker plans to use the money to fund building operations at hotels in South Africa, the UK and Italy.
Browsing: Naspers
Takealot, has hired thousands of personal shoppers to help it penetrate townships and rural areas.
Mamongae Mahlare, who was Takealot Group CEO before shifting in the role of executive chair, has resigned.
Naspers subsidiary Prosus plans more listings after last month’s Indian initial public offering of Swiggy.
Naspers South Africa CEO Phuthi Mahanyele-Dabengwa looks set to join the two boards next year.
Prosus reported a first-half profit as the tech investor sold stakes in online businesses in China and South Africa.
Naspers said Takealot Group is feeling pressure from new competitors in the local market, including Amazon and Temu.
Durban has a sprawling new Takealot distribution centre located in the Brickworks Industrial Park.
Naspers and Prosus companies such as iFood and OLX are sharing AI expertise for business growth.
Technology investor Prosus hopes to list Indian digital payments and lending firm PayU next year.