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.
Mega-themes for investors: digital disruption
Since early 2023, digital disruption has been a key driver of global equity returns. We have seen increased capital spending