Prosus and Naspers CEO Fabricio Bloisi said the technology investor has close to $20-billion to spend.
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Naspers plunged after news emerged that the US had designated China’s Tencent as a military company operating in the US.
The American defence department has designated the technology firm a Chinese military company operating in the US.
Naspers subsidiary Prosus is acquiring online travel agency Despegar.com for the equivalent of R32-billion.
Prosus chairman Koos Bekker plans to use the money to fund building operations at hotels in South Africa, the UK and Italy.
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.