Naspers subsidiary Prosus is aiming to double its revenue over the next three years, its CEO said.
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AI is being used across Naspers and Prosus subsidiaries for tasks ranging from fraud detection to customer recommendations.
Prosus on Monday reported full-year core headline earnings of $7.4-billion, up 47% year on year.
TakealotMore has helped propel Takealot Group to a 20% jump in revenue, or 15% in local currency.
Amazon has expanded its product offering in South Africa in hopes of winning over more customers.
Ervin Tu, group president and chief investment officer of Prosus, is stepping down from his role.
South Africa’s benchmark stock index is heading for its best month in almost a year.
Prosus expects adjusted profit at its e-commerce business to exceed its guidance and reach $435-million this fiscal year.
These are the JSE’s top-performing tech shares over one year and over five years – with the winner topping both charts.
Nico Marais has been appointed as chief financial officer of Naspers and its European-listed spin-off Prosus.