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.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now