Naspers South Africa CEO Phuthi Mahanyele-Dabengwa has sold R240-million worth of shares in the company.
Browsing: Naspers
The Dutch technology investor, which is controlled by South Africa’s Naspers, owns 27% of Delivery Hero.
Naspers subsidiary Prosus is aiming to double its revenue over the next three years, its CEO said.
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.