Morgan Stanley sees South African equities delivering returns that will outperform those for cash and bonds.
Browsing: Prosus
Naspers was buoyed by improved performance in e-commerce and contributions from China’s Tencent.
The tech industry favours technically grounded leaders. Now rapid digitisation is forcing other sectors to follow suit.
Newly appointed Naspers and Prosus CEO Fabricio Bloisi has promised more of the same in strategy, with a focus on AI.
Fabricio Bloisi will replace Bob van Dijk as group CEO of Naspers and its European-listed spinoff, Prosus.
Shares in Naspers and Prosus slumped on Friday after China issued new measures to limit players’ spending in videogames.
Takealot Group produced a resilient half-year performance, only dampened by parent Naspers’s reporting in US dollars.
Naspers has reported a jump in half-year profit, boosted by its e-commerce businesses and China’s Tencent.
PlusOne, the Naspers-owned generative AI tool that acts as an aggregator of several third-party AI models.
Prosus’s new interim CEO inherits a conundrum from his predecessor: how to bridge the yawning gap between the value of the company’s stock and its assets.