{"id":850103,"date":"2026-02-09T07:00:00","date_gmt":"2026-02-09T05:00:00","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=850103"},"modified":"2026-05-27T12:20:27","modified_gmt":"2026-05-27T10:20:27","slug":"south-africas-most-valuable-company-has-big-international-plans","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/850103\/south-africas-most-valuable-company-has-big-international-plans\/","title":{"rendered":"South Africa’s most valuable company has big international plans"},"content":{"rendered":"\n

Fabricio Bloisi, the CEO of Naspers, will focus on driving profitability and growth in 2026, with no merger and acquisition plans for the year. <\/p>\n\n\n\n

Instead, the company has homed in on delivering its goals of driving up to $7.5 billion (R120 billion) in eCommerce revenue, and EBITDA of $1.1 billion (R19.8 billion).<\/p>\n\n\n\n

Brazilian Bloisi took over as the CEO of Napers and Prosus in 2024. The Cape Town-based Naspers and the Amsterdam-based Prosus operate under a cross-ownership structure, with the latter holding their international assets. <\/p>\n\n\n\n

Naspers has a market cap of around R750 billion, while Prosus has a market cap of 108 million euros (R2 trillion). Much of this value is derived from Tencent, the Chinese tech giant. <\/p>\n\n\n\n

While most of the value of Naspers is derived from the international companies, it still has well-known assets in South Africa, including Takealot, Media24, Autotrader and many more. <\/p>\n\n\n\n

However, in a message to stakeholders, Bloisi’s focus remains on Nasper’s global interests for 2026, a year characterised by rising global uncertainty.<\/p>\n\n\n\n

The focus will thus be on balancing risk concentration across geographies, especially in tech and innovation. <\/p>\n\n\n\n

“For me, this environment only reinforces the Prosus strategy. Finding the ‘winners’ in India, Europe, and LatAm is becoming more important every day, and that is exactly what we are building,” said Bloisi. <\/p>\n\n\n\n

“By staying focused on growth, profitability, and constant innovation, I\u2019m headed into 2026 feeling quite confident!” <\/p>\n\n\n\n

His focus will be 100% on fundamentals, including driving efficiency, growth, profitability, and innovation across its existing operations. There are also no plans for any major M&A this year.<\/p>\n\n\n\n

“Instead, you can expect us to continue selling non-strategic and underperforming assets, with more than $2 billion in sales expected this fiscal year and additional sales next year in even higher volume.”<\/p>\n\n\n\n

“Our buyback program has driven substantial value, and we are currently repurchasing shares on a ~$5 billion annualised run rate, funded roughly 50% by Tencent and 50% from our cash.” <\/p>\n\n\n\n

Goals <\/h2>\n\n\n
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The CEO said there will be strong discipline on results, with the company looking to deliver on its guidance to achieve more than $7.3 billion in revenue and $1.1 billion in EBITDA in FY2026.<\/p>\n\n\n\n

This would be an improvement over Prosus’ $200 million three years ago. The company is also looking to improve Prosus’ total profitability over the coming years. <\/p>\n\n\n\n

A central focus of Bloisi will be growing Just Eat Takeaway (JET), an on-demand food delivery service in Europe, which Prosus acquired last year. <\/p>\n\n\n\n

Bloisi was previously the CEO of iFood, which became the largest on-demand food delivery service in Latin America.<\/p>\n\n\n\n

For JET, Bloisi’s goal is to grow orders by 20% over time. With the new management team in place, the speed of execution and innovation has increased a lot. <\/p>\n\n\n\n

“At this early stage, we focused on a selected group of cities, rapidly testing dozens of hypotheses to accelerate growth and learn from the results.” <\/p>\n\n\n\n

“We are already seeing results, with some of these groups showing more than 20% YoY growth.” <\/p>\n\n\n\n

While competition in Prosus’ technology-focused space is fierce, the CEO believes that the company is performing very well in the environment. <\/p>\n\n\n\n

With a major focus on AI across the tech space, OLX has started offering more products and services. <\/p>\n\n\n\n

The services enable real estate agents and car dealers to sell faster and more effectively, while also streamlining the process of connecting employers with job seekers. <\/p>\n\n\n

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Fabricio Bloisi, the CEO of Naspers, has broken down the company’s plan for 2026, with a focus on improving operations. <\/p>\n","protected":false},"author":95,"featured_media":772430,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[21825,107,15103,3314],"class_list":["post-850103","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-just-eat-takeaway","tag-naspers","tag-prosus","tag-takealot"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/850103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=850103"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/850103\/revisions"}],"predecessor-version":[{"id":861658,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/850103\/revisions\/861658"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/772430"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=850103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=850103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=850103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}