The appointment of Brazilian entrepreneur Fabricio Bloisi at Naspers-Prosus has taken the market by surprise but Mergence Head of Equities, Peter Takaendesa, said he believed that the Board had balanced operational experience with improved capital allocation by appointing Bloisi and retaining the acting CEO as president.

Naspers scouts for new investments
Naspers has tasked its executives to look for investment opportunities in South Africa by the end of its 2026 financial