The Brazilian running the most valuable company in South Africa

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Naspers has a new CEO, with its South African businesses showing mixed results.

Bloisi joined the Naspers board as an executive director on 1 July and will join the Prosus board following the AGM in August 2024, subject to shareholder approval.

He has a degree in Computer Science from the State University of Campinas and an MBA from the Getulio Vargas Foundation. Although it still has interests in media , it has transitioned to become a multinational technology company.It also owned Mr D Food, Superbalist, AutoTrader and Property24. “Temu and Shein have made inroads in the South African market, and the recent arrival of Amazon will intensify competition further,” said Naspers.

Core headline earnings, the group’s measure of after-tax operating performance, were also up 88% to US$2.1 billion .Following the increase, the board of Prosus recommended that its shareholders receive a gross distribution of 10 euro cents per ordinary share N.

 

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