I would imagine many companies at home and abroad have meetings every other day to find new ways to cut operational costs in a frenzied rush for cash to build resilience amid forecasts of the deepest economic downturn in generations. 

Prosus, the global internet unit of SA’s most valuable company, Naspers, is not one of them. It is in a sweet spot, sitting on about R120bn in cash and untapped credit facilities — enough to scale up its fast-growing e-commerce platforms or go on hunt for a big fish. 

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