Naspers’ promotion of Fabricio Bloisi to the C-suite is a strategic gambit that signals a renewed focus on its core business: many e-commerce businesses that have burnt through cash and are overshadowed by the company’s stake in Chinese money-spinner Tencent. 

For years, Naspers’ fortunes have been inextricably linked to Tencent. That investment has been nothing short of a windfall, but it has also cast a long shadow over Naspers’ identity and growth narrative, or what chair Koos Bekker describes as “the problem of prosperity”...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.