Naspers believes e-commerce and other digital platforms could inject R91.4 billion in the South African economy.
Naspers, Africa’s largest company by market value, expects e-commerce and other digital platforms to inject 91.4 billion rand into the South African economy by 2035.
Naspers, the controlling shareholder of internet investing giant Prosus NV, aims to turn its e-commerce business into a cash cow under its new Chief Executive Officer Fabricio Bloisi, who built-out food-delivery business iFood. “We need to also focus on infrastructure to make sure we can reach everyone, as well as data centers and digital identity documents.”
A Commitment to accelerate reforms and investment by the government of national unity, which was formed after the African National Congress lost its parliamentary majority in May 29 elections, could change that.
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