Prosus-owned OLX in e-commerce deal valued at R22-billion

Prosus-owned OLX in e-commerce deal valued at R22-billion

Naspers and Prosus CEO Fabricio Bloisi Online marketplace OLX will buy French motors classified platform La Centrale for €1.1-billion (R22.4-billion), its owner Prosus said on Friday. Amsterdam-headquartered Prosus, which is majority owned by South Africa’s Naspers and focused on food and lifestyle e-commerce, in August reported a 54% jump in its e-commerce adjusted core earnings….

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Proudly SA banks on local e-commerce

Proudly SA banks on local e-commerce

The Proudly South African and DTIC-driven e-commerce platforms will launch in July. Taking advantage of South Africa’s burgeoning e-commerce space, Proudly South African (Proudly SA) plans to establish two e-commerce platforms. Initiated in partnership with the Department of Trade, Industry and Competition (DTIC), the platforms – Shop Proudly SA and Market Access Platform (MAP) –…

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Naspers lifts core earnings by 46% as e-commerce profitability surges

Naspers lifts core earnings by 46% as e-commerce profitability surges

Technology investor Naspers reported a significant improvement in its financial performance for the year ended 31 March 2025, driven by strong growth and improved profitability in its global e-commerce portfolio. Naspers’ logo is pictured on a smartphone in this illustration taken, 4 December 2021. Reuters/Dado Ruvic/Illustration Group core headline earnings rose 46% to $3.1bn, while…

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