The immediate and mutually agreed departure of Naspers and Prosus CEO Bob van Dijk underscores a complicated few years.
In June, the Dutch-based e-commerce investor, Prosus, which is majority-owned by South African multi-national Naspers won shareholder and regulatory approval to unwind its complex ownership.
The South African Reserve Bank gave Naspers the greenlight to begin buying back more of its shares from Prosus.Prior to the current structure, Naspers owned a third of Chinese internet giant Tencent Holdings. This was an investment made by current chairman and founder of Naspers, Koos Bekker, as early as 2001, when he paid $34 million for a 46.5% stake in the business.
Erwin Tu, Prosus' group chief investment officer has been named interim CEO, with Citi saying in a research note that it sees "a good chance of him becoming permanent CEO.
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