UK food delivery business Just Eat does need a heavy dose of investment if it is to stop losing ground to rivals Uber Eats and Deliveroo, insists Prosus.

"It is not a thumb-suck, it is based on experience in 40 markets," said Naspers and Prosus CFO Basil Sgourdos. His company launched a £4.9bn (R92.5bn) hostile takeover bid for Just Eat last month...

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.