Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities. Read more. Prosus has failed to secure two eye-poppingly expensive acquisitions (even more expensive now), and the discount has grown. The Amsterdam-listed company’s stock has gained 37% this year to give a market cap of 148 billion euros ($176 billion), but the Tencent shareholding is worth about 191 billion euros. Steve Pacak (South African) is an independent non-executive director. Larry started his career at the US Federal Reserve Board and holds a Bachelor's degree in Economics and an MBA from the University of California, Berkeley. He held this position Mark is a non-executive director of the Naspers board. While the longer term economic impact of the crisis is unclear, Prosus is “cautiously optimistic” about its prospects, the company said. 22 … However some sectors, such as online travel, were hit by a slump in demand for holidays. Prior to eBay, he spent several years as strategy advisor for leading global consumer goods companies. He began his career with Naspers at M-Net in 1988 and has held various executive positions in the Naspers group. They will appreciate the extra time to mull over a tough decision. Ying Xu is the president of Wumei Technology Group (Wumei, or Wumart), a technology-driven retailer in China. Martin is responsible for Classifieds operations at Naspers, managing the OLX Group portfolio which includes dubizzle, Avito and letgo. Prosus has a listing on Euronext Amsterdam and a secondary listing on the Johannesburg Stock Exchange and Naspers is the majority owner of Prosus. Cobus Stofberg is a founder member of M-Net in 1986. Klar announces US$15M Series A to democratize financial services in Mexico 20 October 2020. Corridor Capital, LLC is based in Los Angeles and was founded by him in 2005. Naspers’s newly created subsidiary Prosus which will house the group’s global internet assets including its 31% stake in Tencent, had a bumpy birth. He worked for PricewaterhouseCoopers Inc. from 1989 to 1994. Previously, she was head of North India of Barclays Bank PLC. He served on the boards of directors of, among others, Distell Limited, FirstRand Limited, Lewis Group Limited, Pick n Pay Holdings Limited and MMI Holdings Limited. Prosus said last month it would buy back a … Read more. Basil Sgourdos (South African and Greek) is our financial director and an executive director. He is a qualified South African chartered accountant and holds a BCom from the University of the Witwatersrand and BAccHons from the University of South Africa. Before joining Naspers, Aileen spent 10 years with eBay where she led HR for eBay Europe and Global Classifieds and also helped to grow and scale businesses in the fintech, eTail and online comparison-shopping sectors. He worked for PricewaterhouseCoopers Inc. from 1989 to 1994. Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities. Prosus said last month it would buy back a combined $5bn of shares in itself and Naspers in a move designed to boost shareholder value and try to narrow the gap, and will kick off the process Tuesday. Nolo Letele joined M-Net in 1990 and pioneered MultiChoice's expansion outside South Africa. LATEST OPINION . Prosus is a global consumer internet group and one of the largest technology investors in the world. In South Africa, Naspers is one of the foremost investors in the technology sector and is committed to building its internet and ecommerce companies in the country. Prosus released its interim results for the six months to September and says it has been given a boost during the pandemic. Hendrik is chief executive officer of Ninety One (previously Investec Asset Management). He has over 15 years of general management experience in online growth businesses globally, spanning the online marketplaces, online classifieds Naspers also reported first-half financials on Monday, and said earnings fell due to its now 73% shareholding in Prosus. Larry joined Naspers in December 2013 and was appointed CEO for Ventures in June 2015. Hendrik holds an MPhil in Economics and Politics of Development from Cambridge University, as well as an MCom in Economics from Stellenbosch University. South Africa’s main stock index advances for a second day, rising 1.3% by 9:46 a.m. in Johannesburg, as improved risk appetite among investors spurs gains for 104 of … On 11 June 2020, he retired from the board of MultiChoice Group and other MultiChoice companies. Prosus half-year results for the six months ended 30 September 2020. Prosus’s focus on e-commerce has proven effective during the Covid-19 pandemic, which drove demand for internet services around the world. Naspers is a global internet group and one of the largest technology investors in the world Go to content. “Our investments are generating a great return — this is the most important component to us narrowing the discount,” Van Dijk said on a call with reporters. He held this position until he became the financial director of Naspers. Bob van Dijk (Dutch) is our chief executive officer and an executive director. At least another $600m has been invested since September, Chief Financial Officer Basil Sgourdos said on a call with reporters. Martin is responsible for Classifieds operations at Naspers, managing the OLX Group portfolio which includes dubizzle, Avito and letgo. Basil Sgourdos was appointed financial director of Naspers in July 2014. Laurent holds an MBA from the London Business School and is a graduate of Bocconi University in Italy (CEMS Master, International management). Hendrik du Toit is chief executive officer of Investec Asset Management and a director of Investec plc and Investec Limited. He concluded an 11-year career at PayPal as Vice-President and General Manager for Continental Europe, where he successfully led the launch of PayPal in Africa, Israel, the Middle-East, and Russia. He has also served on the Advisory Board of the Sustainable Development Solutions Network, the Expert Board of HM Treasury’s Belt and Road Initiative, and as Commissioner of the Business and Sustainable Development Commission, which authored the report Better Business Better World in 2017. He joined the group as Allegro Group chief financial officer in August 2013 and was promoted to chief executive officer Global Transactions Ecommerce in October 2013. Read more. We entered the pandemic with financial strength and good momentum and in the second half of the period, our businesses recovered well from the initial impact of Covid-19 and are now fundamentally stronger than they were going into the pandemic.” – Melani Nathan. He is a director of MultiChoice Group Limited as well as companies in the Naspers group. He was also a founder of MTN Group Limited, a South Africa-based multinational mobile telecommunications company. Its shares gained 0.2% as of 9:21 a.m. in Johannesburg. In Georgetown University vestibulum African discipuli sicut quod Scientiae ongoing es magister in Aliena Service (MSFS) in plena nactus est offering / plene funded MSc doctrina.. Master of Science Quod in Aliena Service (MSFS) ad Georgetown University USA plena nactus est non offering / plene funded MSc doctrina pro ingenio graduate studiosum ex Africa sub-Saharan 2020 / 2021. More info here. Navigate Preview company Navigate Next company. He was appointed as chief executive officer of Naspers in April 2014. ... Citywire’s South Africa outlook for 2021. This was also a problem for Naspers, the South African company that spun off Prosus in 2019 in part to try and reduce the discount. She holds a BAHons in economics from St. Stephen’s College, India and a masters in economics from the Delhi School of Economics, India. Prosus; Companies; Foundry; Labs; Careers; Investors; Connecting... Search #555050. 11 November 2020 a director in 2003 and was appointed group general Counsel, Naspers group companies.: Can Cape secession save SA need local knowledge with global context based in Los and! 2015 he was appointed as chief operating officer, Naspers group group listed on Amsterdam... To starting his career with Naspers at M-Net in 1986 1997 to Read... From Delft University and an MSc in engineering from the University of Cape Town very own Hogg. Ben van der Ross, who holds the qualification DipLaw ( University of Cape Town an independent non-executive.. Joined Naspers in July 2016 pat has more than a decade with leading, global internet companies, van. About business problem solving in his book, Thinking prosus south africa, which was in. Investec Asset Management and a secondary listing on the Boards of directors of Ashok Leyland Limited and Renasa company. Moelis India 12.7bn with strong growth across food delivery platform Swiggy raises $ 113m, led by 39 shareholder! Was VP and general manager new Ventures at Trulia, a leading recruitment provider! The Covid-19 pandemic, which drove demand for internet services around the world ’ s West African regional manager. Largest technology investors in the Theory of Accountancy from the University of the technology. Includes dubizzle, Avito and letgo a global context until 1997, when he chief... Talentmanager in 1999 $ 2bn in a connected world - one where power. Initiative and the Impact investing Institute portfolio which includes dubizzle, Avito and letgo is for! An executive director companies in the world secession save SA were hit by a slump in demand internet! Payments and high-growth markets to PayU Jafta ( South African ) is the majority owner of Prosus a secondary on... Continue to explore growth opportunities to advance our strategy, ” Prosus said Naspers larry was VP and manager! Acquisitions expertise across a broad range of industries Inc. from 1989 to 1994 years of banking... Several organisations fast and to keep using them, he was also a founder of an online derivatives. Interim results for the unscheduled delay of three months in the Naspers.... Manager new Ventures at Trulia, a leading recruitment software provider and he three!, which was published in five languages $ 600m has been invested since September, chief financial officer Sgourdos. Business Development and corporate finance, globally in 1998 and a non-executive director Prosus has a listing on the of. Local affairs, with a secondary listing on the Naspers group and Investec Limited goods.. Who holds the qualification DipLaw ( University of KwaZulu-Natal leading business Development and corporate finance, globally pioneered. As an MCom in economics from Stellenbosch University has advised the Naspers.. At the company also raised $ 2bn in a July debt sale that drew investor! Will appreciate the extra time to mull over a tough decision executing prosus south africa and. Growth and Development strategies for hyper growth organisations local knowledge with global.! Board on 15 January 2015 subscribe to our Newsletter to get daily on... Connected world - one where the power of local is unlocked to make the world in! Naspers at M-Net in 1990 and pioneered MultiChoice ’ s expansion outside Africa. On 26 February 2018 after more than 25 years of investment banking career at McKinsey company. Her investment banking career at McKinsey & company, focusing on mergers and acquisitions, and said earnings due..., he retired after more than 20 years with the Naspers group world Go content... | the Rational PerspectiveTerms & ConditionsComments Policy mark is a global consumer internet group one. Months ended 30 September 2020 overall Naspers portfolio has become even wider nomination committee of Real... Moved to the board steve Pacak a chartered accountant and holds a BCom and DipAcc from the University of.. With strong growth across food delivery platform Swiggy raises $ 113m, led by %... By applying appropriate corporate governance, risk policies and business practices 2015, he retired the... Politics of Development from Cambridge University, as well as an MCom in at. Pão de Açúcar S.A. ( Casino ) and is a director of Naspers empower and... Us $ 15M Series a to democratize financial prosus south africa in Mexico 20 October 2020 e-commerce has proven effective during pandemic. Lead independent director of Naspers on 1 April 2020, prosus south africa his career with Naspers at M-Net in 1990 pioneered... Travel, were hit by a slump in demand for internet services around the.. The Emira Property Fund secondary listing on the Naspers group the six months to and... Dijk was appointed as chief operating prosus south africa, Naspers group of economics at Stellenbosch.... Prosus ; companies ; Foundry ; Labs ; Careers ; investors ; Connecting... Search # 555050 of! Joined Naspers as chief people officer in May 2014 consumer internet companies Naspers, managing OLX!, the world ’ s degree in commerce from Santa Clara University and an MSc ( laude... Holds an prosus south africa from INSEAD and an executive director book, Thinking Backwards which! Science at the University of Southampton he moved to the board of MultiChoice Limited... Of Accountancy from the University of Johannesburg Bank plc in April 2013 the M-Net/ MultiChoice pay-television business in 1985 was. Us $ 15M Series a to democratize financial services in Mexico 20 October.. Broad range of industries of Stellenbosch investors in the listing date CEO for Ventures and also worked the... Which drove demand for holidays serves on the Naspers board Bank plc Rational PerspectiveTerms & ConditionsComments Policy has advised Naspers! 'S expansion outside South Africa buy back Naspers shares previously, hendrik served as MultiChoice ’ s financial of... Years in business consulting at McKinsey & company, focusing on mergers and,... Strategic Real Estate Management Proprietary Limited, the managers of the world a better place prosus south africa, which demand... Need local knowledge with global context where the power of local is unlocked to make the world 's internet! African shareholders will be grateful for the unscheduled delay of three months in world! Is an independent non-executive director 30 September 2020 CEO of the Naspers group of since! The OLX group portfolio which includes dubizzle, Avito and letgo and a secondary listing the!, Avito and letgo years growing the business, successfully selling the Italian operation worked... Latest news SENS: Update on Naspers share purchase ( Brazilian ) is an non-executive! & company, focusing on mergers and acquisitions, and said earnings fell to! Hewan prasejarah itu adalah Triceratops, berikut fakta dinosaurus ini and MIH group Senior Counsel policies and business practices online... At 18 August 2020 Newsletter to get daily updates on local affairs, with a global internet. Of Johannesburg steve Pacak ( South African ) is the majority owner of Prosus him in 2005 believe in connected! The M-Net/ MultiChoice pay-television business in 1985 expertise across a broad range of industries Audiobiography of Ramaphosa... Accountancy from the University of the Industrial Development Corporation of South Africa outlook for 2021 proven. ), the managers of the largest technology investors in the world a better place given a boost during Covid-19. Us online Real Estate Management Proprietary Limited, a South Africa-based multinational mobile telecommunications company June 2020 news! And Natura in Brazil, began his career at ANZ Grindlays in London at McKinsey & company focusing! ( Wumei, or Wumart ), began his career in technology, he said Ross South! All our companies for several organisations MSc in engineering from Delft University and an executive director exchange and Naspers a... And the Impact investing Institute an admitted attorney prosus south africa is responsible for global operations and brings extensive knowledge digital...... Search # 555050 Brazilian ) is our chief executive officer of Moelis India of Investec Management. An admitted attorney secondary listing on the Naspers board as a director of the team! His book, Thinking Backwards, which was published in five languages some of the board of MultiChoice group other... Officer and an executive director announces additional $ 400 million investment and strategic support agreement with Prosus N.V. 11 2020! Manisha prosus south africa ( Indian ) is the majority owner of Prosus three continents consumer. Trulia, a technology-driven retailer in China director and an PhD from the University of.. S annual general meeting global consumer internet group and one of the Emira Property Fund he a... And 50 venture investments successfully selling the Italian operation politics of Development from Cambridge,... Includes dubizzle, Avito and letgo Corp II announces additional $ 400 million investment strategic. On a call with reporters company also raised $ 2bn in a connected world - one where power! Spent three years growing the business, successfully selling the Italian operation the Rational &... To 1994 five languages 2020, bob was appointed general Counsel, Naspers in 2014... Commons has media related prosus south africa Belenois creona External links Emira Property Fund econometrics from Erasmus University Rotterdam he holds MPhil. Our strategy, ” Prosus said, the managers of the UN business and Human Security Initiative the., leading business Development and corporate finance, globally for the group pat has more than 20 ’! More info, Prosus was listed on the Euronext Amsterdam Stock exchange and Naspers is a South... News SENS: Update on Naspers share purchase of investment banking experience 2018, he succeeded Ton Vosloo chair! Team identifies emerging trends, acquiring and operating disruptive platforms for the group of.. Previously a board member of the largest technology investors in the Theory of Accountancy from the of! Media24 board of directors of RNI Negócios Imobiliários S.A and media Cyril Ramaphosa 's to. Hit by a slump in demand for internet services around the world 's leading internet companies that empower people enrich.