Mamongae Mahlare, who was Takealot Group CEO before shifting in the role of executive chair, has resigned.
Browsing: Naspers
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.
Prosus and Naspers have invested $1.3-billion building a 31% stake in Swiggy ahead of its listing on Wednesday.
A brief Q&A with Naspers CEO Fabricio Bloisi on India, AI, lessons from Elon Musk and why Europe risks getting left behind.