As Naspers gears up to battle over AI, it sees its SA roots as a plus
Naspers, along with consumer internet subsidiary Prosus, said on Tuesday that Amazon should be worried about competition from Takealot, rather than the other way around.
The group is generally viewing its footprint in emerging markets like Brazil, India and SA as reasons to be optimistic as global players battle over the emerging technology of artificial intelligence, saying it expects to be better positioned to leverage its business ecosystems in growth markets to offer major productivity and efficiency gains.
Naspers, which receives the majority of its earnings from Amsterdam-listed subsidiary Prosus, reported on Monday that it booked consolidated e-commerce profitability for the first time, and six months ahead of schedule, with all its divisions, spanning edtech to food delivery, seeing improvements. In SA, Mr D also achieved its first trading profit of $3 million , Takealot cut its losses, and while Media24 is giving up on a number of newspapers, the online business remains profitable as well.
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