Prosus, Naspers’s global internet arm, has lined up $7bn (R121bn) to ride out the Covid-19 storm and to step up investments in its e-commerce ventures, months after it failed to buy a European food delivery business.

Under CEO Bob van Dijk, Prosus — a rare bright spot in corporate SA’s frantic scramble for cash to navigate the challenges posed by the Covid-19 pandemic — has made online payments, food delivery and online classifieds the cornerstone of its growth strategy...

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