TIISETSO MOTSOENENG: Can Ervin Tu solve the problem of prosperity?
It would take more than a leadership change at Prosus and Naspers to alleviate this nice-to-have headache
SA’s internet giant is shuffling its top brass. Bob van Dijk abruptly resigned as CEO of Prosus and Naspers on Monday, leaving Ervin Tu, its head of mergers & acquisitions, temporarily in the hot seat.
The move comes at a time when Prosus is throwing everything at what Van Dijk once described as a “problem of prosperity” — the persistent discount it trades at relative to its underlying assets. But it would take more than a leadership change to alleviate this nice-to-have headache...
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