Naspers, which owns Media24, Takealot, and a large stake in Prosus, has paid $118.7 million in direct and indirect taxes in South Africa in the last financial year.
In South Africa, Naspers is one of the foremost investors in the technology sector. Its subsidiaries include Takealot, Mr D Food, and Superbalist. Despite the decline, new Naspers and Prosus CEO Fabricio Bloisi said the results illustrate the “amazing progress we’ve made, as well as our future potential”.
“Our appetite for tax risk is low. All tax planning is decided and effected in the context of the business.” “We do not have entities in such jurisdictions unless dictated by valid business reasons and local operations,” Naspers said.
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