Phuthi Mahanyele-Dabengwa, CEO of Naspers SA. Picture: FREDDY MAVUNDA
Locally, the business is made up of Media24 and online retailer Takealot, with international investments that include OLX and Chinese technology giant Tencent. “But I think SA’s stance with regard to the legislation is a very responsible stance. I think they look out for consumers and we respect that.”
The Competition Commission has recommended that Naspers’s R1.4bn bid for pre-owned car retailer WeBuyCars be blocked, saying it could lead to higher used-car prices.