Naspers: full accepted relationship evidence

attributedNaspers Limited — Media24 Proprietary Limited. Capacity: Group media business in South Africa; direct chain not implied. Period: Source recorded 2026-06-29; underlying appointment or transaction date and later status are not inferred from retrieval. ¹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedNaspers Limited — Prosus N.V.. Capacity: Majority shareholder of Prosus. Period: Source recorded 2026-06-29; underlying appointment or transaction date and later status are not inferred from retrieval. ¹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedHeemstede Beleggings Proprietary Limited — Naspers Beleggings (RF) Limited (Nasbel). Capacity: 49% shareholder. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ²

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedNaspers Limited — Heemstede Beleggings Proprietary Limited. Capacity: Sole shareholder. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ²

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedProsus N.V. — Naspers Limited. Capacity: Former approximately 52.46% economic crossholding. Period: 2021–September 2023; crossholding removed. ^{2 3 4}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The table is explicitly expressed in thousands. Its total of approximately 750.553 million combines net N shares and A shares, not voting rights or equivalent economic interests. Old descriptions of Prosus owning roughly half of Naspers are historical, not a continuing circular holding after September 2023.

attributedNaspers Limited — Prosus N.V.. Capacity: 73.4% voting interest in dated disclosure. Period: Source recorded 2022; underlying appointment or transaction date and later status are not inferred from retrieval. ⁵

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedMIH Fintech Holdings B.V. — PayU Fintech Investments B.V.. Capacity: Sole shareholder of immediate subsidiary. Period: Source recorded 2022; underlying appointment or transaction date and later status are not inferred from retrieval. ^{5 6}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. PayU Fintech Investments B.V. is a specified Dutch holding vehicle, not a substitute name for every PayU operating company. The 100% links below Prosus do not make Naspers a 100% direct owner of every downstream entity. Nasbel and Keerom expressly disclaimed beneficial ownership of the Remitly shares in that filing.

attributedMIH e-Commerce Holdings B.V. — MIH Fintech Holdings B.V.. Capacity: Sole shareholder of immediate subsidiary. Period: Source recorded 2022; underlying appointment or transaction date and later status are not inferred from retrieval. ^{5 6}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. PayU Fintech Investments B.V. is a specified Dutch holding vehicle, not a substitute name for every PayU operating company. The 100% links below Prosus do not make Naspers a 100% direct owner of every downstream entity. Nasbel and Keerom expressly disclaimed beneficial ownership of the Remitly shares in that filing.

attributedMIH Internet Holdings B.V. — MIH e-Commerce Holdings B.V.. Capacity: Sole shareholder of immediate subsidiary. Period: Source recorded 2022; underlying appointment or transaction date and later status are not inferred from retrieval. ^{5 6}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. PayU Fintech Investments B.V. is a specified Dutch holding vehicle, not a substitute name for every PayU operating company. The 100% links below Prosus do not make Naspers a 100% direct owner of every downstream entity. Nasbel and Keerom expressly disclaimed beneficial ownership of the Remitly shares in that filing.

attributedProsus N.V. — MIH Internet Holdings B.V.. Capacity: Sole shareholder of immediate subsidiary. Period: Source recorded 2022; underlying appointment or transaction date and later status are not inferred from retrieval. ^{5 6}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. PayU Fintech Investments B.V. is a specified Dutch holding vehicle, not a substitute name for every PayU operating company. The 100% links below Prosus do not make Naspers a 100% direct owner of every downstream entity. Nasbel and Keerom expressly disclaimed beneficial ownership of the Remitly shares in that filing.

attributedNaspers Limited — Prosus N.V.. Capacity: Majority shareholder of Prosus. Period: Source recorded 2022; underlying appointment or transaction date and later status are not inferred from retrieval. ^{5 6}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. PayU Fintech Investments B.V. is a specified Dutch holding vehicle, not a substitute name for every PayU operating company. The 100% links below Prosus do not make Naspers a 100% direct owner of every downstream entity. Nasbel and Keerom expressly disclaimed beneficial ownership of the Remitly shares in that filing.

attributedPublic Investment Corporation SOC Ltd. — Naspers Limited. Capacity: Reported 21.199% beneficial interest in N shares. Period: Source recorded 2023-10-19; underlying appointment or transaction date and later status are not inferred from retrieval. ⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedNaspers Limited — Naspers Foundry. Capacity: Venture-investment division. Period: Source recorded 2021-11-03; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. These are market-inquiry findings and remedial measures, not a criminal conviction. A marketplace’s own retail operations and independent merchants are different actors. The archive’s 2022 provisional response should not be presented as a response first issued after the final 2023 decision.

response

At the provisional stage, Takealot disputed the evidential basis and characterisation of the findings. It argued that its operations faced competition from physical retailers and other online businesses; in food delivery it pointed to restaurants’ own delivery and takeaway services and the jobs created by the sector.

outcome

The final inquiry retained corrective measures. The retained material does not establish a complete later implementation or appeal history for every requirement.

attributedNaspers Limited — Prosus N.V.. Capacity: Majority shareholder of Prosus. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹⁴

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedKeeromstraat 30 Beleggings (RF) Limited — Naspers Limited. Capacity: A-share holder. Period: Source recorded 2023-05-02; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The precise historical vote percentages vary with the date and share denominator. A shared address or a minority stake does not establish an additional controlling owner. The Companies Tribunal granted Keerom a five-year social-and-ethics-committee exemption on 2 May 2023 after considering its narrow activities. That is an authorised exemption, not a finding of misconduct or a group-wide exemption.

response

In the 2017 merger dispute, the Competition Commission’s analysis treated Nasbel and Keerom as the controlling pool and did not regard Wheatfields’ minority holdings as conferring control. Caxton disputed that analysis, citing Wheatfields, the Heemstede loop and related interests.

attributedKeeromstraat 30 Beleggings (RF) Limited — Prosus N.V.. Capacity: A-share holder. Period: Source recorded 2023-05-02; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The precise historical vote percentages vary with the date and share denominator. A shared address or a minority stake does not establish an additional controlling owner. The Companies Tribunal granted Keerom a five-year social-and-ethics-committee exemption on 2 May 2023 after considering its narrow activities. That is an authorised exemption, not a finding of misconduct or a group-wide exemption.

response

In the 2017 merger dispute, the Competition Commission’s analysis treated Nasbel and Keerom as the controlling pool and did not regard Wheatfields’ minority holdings as conferring control. Caxton disputed that analysis, citing Wheatfields, the Heemstede loop and related interests.

attributedNaspers Limited — Prosus N.V.. Capacity: 75.56% votes and 42.94% economic interest in dated disclosure. Period: Source recorded 2023-02-03; underlying appointment or transaction date and later status are not inferred from retrieval. ^{5 6}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. PayU Fintech Investments B.V. is a specified Dutch holding vehicle, not a substitute name for every PayU operating company. The 100% links below Prosus do not make Naspers a 100% direct owner of every downstream entity. Nasbel and Keerom expressly disclaimed beneficial ownership of the Remitly shares in that filing.

attributedProsus N.V. — MIH Internet Holdings B.V.. Capacity: Sole shareholder of immediate subsidiary. Period: Source recorded 2023-02-03; underlying appointment or transaction date and later status are not inferred from retrieval. ^{5 6}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. PayU Fintech Investments B.V. is a specified Dutch holding vehicle, not a substitute name for every PayU operating company. The 100% links below Prosus do not make Naspers a 100% direct owner of every downstream entity. Nasbel and Keerom expressly disclaimed beneficial ownership of the Remitly shares in that filing.

attributedMIH Internet Holdings B.V. — MIH e-Commerce Holdings B.V.. Capacity: Sole shareholder of immediate subsidiary. Period: Source recorded 2023-02-03; underlying appointment or transaction date and later status are not inferred from retrieval. ^{5 6}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. PayU Fintech Investments B.V. is a specified Dutch holding vehicle, not a substitute name for every PayU operating company. The 100% links below Prosus do not make Naspers a 100% direct owner of every downstream entity. Nasbel and Keerom expressly disclaimed beneficial ownership of the Remitly shares in that filing.

attributedMIH e-Commerce Holdings B.V. — MIH B2C Holdings B.V.. Capacity: Sole shareholder of immediate subsidiary. Period: Source recorded 2023-02-03; underlying appointment or transaction date and later status are not inferred from retrieval. ^{5 6}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. PayU Fintech Investments B.V. is a specified Dutch holding vehicle, not a substitute name for every PayU operating company. The 100% links below Prosus do not make Naspers a 100% direct owner of every downstream entity. Nasbel and Keerom expressly disclaimed beneficial ownership of the Remitly shares in that filing.

attributedMIH B2C Holdings B.V. — MIH Internet SEA Private Limited. Capacity: Sole shareholder of immediate subsidiary. Period: Source recorded 2023-02-03; underlying appointment or transaction date and later status are not inferred from retrieval. ^{5 6}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. PayU Fintech Investments B.V. is a specified Dutch holding vehicle, not a substitute name for every PayU operating company. The 100% links below Prosus do not make Naspers a 100% direct owner of every downstream entity. Nasbel and Keerom expressly disclaimed beneficial ownership of the Remitly shares in that filing.

attributedNaspers Limited — Trip.com Group Limited. Capacity: Indirect 4.7% ordinary-share holding through MIH. Period: Source recorded 2023-02-10; underlying appointment or transaction date and later status are not inferred from retrieval. ⁶

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedNaspers Limited — Prosus N.V.. Capacity: Majority group ownership of Prosus; dated capital structure. Period: Source recorded 2025-06-23; underlying appointment or transaction date and later status are not inferred from retrieval. ¹⁸

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedNaspers Limited — Tencent Holdings Limited. Capacity: Historical investment acquired in 2001. Period: Source recorded 2023-09-18; underlying appointment or transaction date and later status are not inferred from retrieval. ¹⁹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedNaspers Limited — PayU (group brand; legal entities distinguished). Capacity: Group payments business; exact direct chain varies. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ²⁰

qualification

The brand endpoint does not automatically identify every contracting legal entity. This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedMovile Group — iFood. Capacity: Movile group business in dated portfolio description. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ²⁰

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedMovile Group — Sympla. Capacity: Movile group business in dated portfolio description. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ²⁰

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedMovile Group — MovilePay. Capacity: Movile group business in dated portfolio description. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ²⁰

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedMovile Group — Zoop. Capacity: Movile group business in dated portfolio description. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ²⁰

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedMovile Group — PlayKids. Capacity: Movile group business in dated portfolio description. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ²⁰

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedMovile Group — Mensajeros Urbanos. Capacity: Movile group business in dated portfolio description. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ²⁰

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedNaspers Limited — Heemstede Beleggings Proprietary Limited. Capacity: Group subsidiary listed in PAIA manual; immediate parent not specified. Period: Source recorded 2021-05; underlying appointment or transaction date and later status are not inferred from retrieval. ²¹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedNaspers Limited — MIH Holdings Proprietary Limited. Capacity: Group subsidiary listed in PAIA manual; immediate parent not specified. Period: Source recorded 2021-05; underlying appointment or transaction date and later status are not inferred from retrieval. ²¹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedNaspers Limited — MIH Ecommerce Proprietary Limited. Capacity: Group subsidiary listed in PAIA manual; immediate parent not specified. Period: Source recorded 2021-05; underlying appointment or transaction date and later status are not inferred from retrieval. ²¹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedNaspers Limited — MIH Treasury Services Proprietary Limited. Capacity: Group subsidiary listed in PAIA manual; immediate parent not specified. Period: Source recorded 2021-05; underlying appointment or transaction date and later status are not inferred from retrieval. ²¹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedNaspers Limited — Homefind24 Proprietary Limited. Capacity: Group subsidiary listed in PAIA manual; immediate parent not specified. Period: Source recorded 2021-05; underlying appointment or transaction date and later status are not inferred from retrieval. ²¹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedNaspers Limited — Media24 Holdings Proprietary Limited. Capacity: Group subsidiary listed in PAIA manual; immediate parent not specified. Period: Source recorded 2021-05; underlying appointment or transaction date and later status are not inferred from retrieval. ²¹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedNaspers Limited — Takealot Online (RF) Proprietary Limited. Capacity: Group subsidiary listed in PAIA manual; immediate parent not specified. Period: Source recorded 2021-05; underlying appointment or transaction date and later status are not inferred from retrieval. ²¹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedNaspers Limited — The Car Trader Proprietary Limited. Capacity: Group subsidiary listed in PAIA manual; immediate parent not specified. Period: Source recorded 2021-05; underlying appointment or transaction date and later status are not inferred from retrieval. ²¹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedNaspers Limited — PayU Payments Solutions Proprietary Limited. Capacity: South African group payments entity. Period: Source recorded 2021-05; underlying appointment or transaction date and later status are not inferred from retrieval. ²¹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedNaspers Limited — VK Company Limited. Capacity: Historical 2017 portfolio business. Period: Source recorded 2017-02-14; underlying appointment or transaction date and later status are not inferred from retrieval. ^{22 23}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. An accounting write-down or loss of significant influence does not by itself establish a legal share disposal. Here the later renunciation disclosure supplies the separate exit event. A journalistic comparison between Avito and VK’s Youla service does not establish common ownership after Avito’s sale.

outcome

The older VK holding is retained as historical, with the November 2022 renunciation disclosed beside it.

attributedNaspers Limited — MultiChoice (Pty) Ltd. Capacity: Historical 2017 portfolio business. Period: Source recorded 2017-02-14; underlying appointment or transaction date and later status are not inferred from retrieval. ^{22 23}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. An accounting write-down or loss of significant influence does not by itself establish a legal share disposal. Here the later renunciation disclosure supplies the separate exit event. A journalistic comparison between Avito and VK’s Youla service does not establish common ownership after Avito’s sale.

outcome

The older VK holding is retained as historical, with the November 2022 renunciation disclosed beside it.

attributedNaspers Limited — Novus Holdings Limited. Capacity: Historical 2017 portfolio business. Period: Source recorded 2017-02-14; underlying appointment or transaction date and later status are not inferred from retrieval. ^{22 23}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. An accounting write-down or loss of significant influence does not by itself establish a legal share disposal. Here the later renunciation disclosure supplies the separate exit event. A journalistic comparison between Avito and VK’s Youla service does not establish common ownership after Avito’s sale.

outcome

The older VK holding is retained as historical, with the November 2022 renunciation disclosed beside it.

attributedNaspers Limited — Avito. Capacity: Historical 2017 portfolio business. Period: Source recorded 2017-02-14; underlying appointment or transaction date and later status are not inferred from retrieval. ^{22 23}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. An accounting write-down or loss of significant influence does not by itself establish a legal share disposal. Here the later renunciation disclosure supplies the separate exit event. A journalistic comparison between Avito and VK’s Youla service does not establish common ownership after Avito’s sale.

outcome

The older VK holding is retained as historical, with the November 2022 renunciation disclosed beside it.

attributedNaspers Limited — Stack Overflow. Capacity: Group investment subject to FY26 impairment. Period: Source recorded 2026-03-31; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Adjusted measures describe a different result: consolidated adjusted EBIT was US$583 million, while the regional ecosystems’ adjusted EBIT was US$923 million. Neither is the IFRS operating result. Corporate costs were reorganised into the Corporate segment from April 2025. The external auditor did not audit the forecasts in this summary.

response

Management attributes underlying growth principally to iFood and OLX, with the larger reported-dollar increase also reflecting the acquisitions of Just Eat Takeaway.com and Despegar. It presents AI both as an investment opportunity and as a source of disruption to existing assets.

outcome

Net interest changed from US$344 million of income to US$23 million of expense. Continuing-operations earnings fell to US$11.6 billion, principally because the gain on Tencent share disposals was lower; this is separate from the operating loss.

attributedNaspers Limited — Tencent Holdings Limited. Capacity: Indirect group holding of 22.66% at March 2026. Period: Source recorded 2026-03-31; underlying appointment or transaction date and later status are not inferred from retrieval. ^{25 27 1}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Central and consolidated balances have different scopes and must not be mixed. A further US$1.4 billion Tencent dividend received in June 2026 was subsequent to the March year-end. Tencent’s 22.66% retained interest was a dated group position through Prosus, not a new direct Naspers purchase.

response

Management identifies the Tencent stake as a material concentration and says it is building the regional commerce portfolio to reduce dependence on a single asset or market. Its commitment to investment-grade ratings is a company position, not a new independent rating assessment.

outcome

Sales reducing the Tencent position by 0.9 percentage points generated a US$4.7 billion gain during FY26, below US$6.0 billion in FY25. The retained bond schedule also lists July 2026 US-dollar issues of US$650 million due 2033 and US$1 billion due 2036, with coupons of 5.528% and 5.873%. The separate euro schedule spans 2028–2035. The recommended Prosus distribution of 28 euro cents per N share remained subject to shareholder approval in the cited notice.

attributedNaspers Limited — Tencent Holdings Limited. Capacity: Indirect group holding of 22.66% at March 2026. Period: Source gives 2026-03-31; exact start and later status depend on the cited record. ^{25 27 1}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Central and consolidated balances have different scopes and must not be mixed. A further US$1.4 billion Tencent dividend received in June 2026 was subsequent to the March year-end. Tencent’s 22.66% retained interest was a dated group position through Prosus, not a new direct Naspers purchase.

response

Management identifies the Tencent stake as a material concentration and says it is building the regional commerce portfolio to reduce dependence on a single asset or market. Its commitment to investment-grade ratings is a company position, not a new independent rating assessment.

outcome

Sales reducing the Tencent position by 0.9 percentage points generated a US$4.7 billion gain during FY26, below US$6.0 billion in FY25. The retained bond schedule also lists July 2026 US-dollar issues of US$650 million due 2033 and US$1 billion due 2036, with coupons of 5.528% and 5.873%. The separate euro schedule spans 2028–2035. The recommended Prosus distribution of 28 euro cents per N share remained subject to shareholder approval in the cited notice.

attributedNaspers Limited — La Centrale. Capacity: Group acquisition for €1.1 billion. Period: Source gives 2025-11; exact start and later status depend on the cited record. ²⁵

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. A previously announced €4.1 billion JET offer and the later €4.2 billion closing consideration are differently defined figures. The PayU transaction does not mean all PayU businesses or India operations were sold. Old portfolio pages and SEC ownership schedules remain historical after documented disposals.

outcome

Naspers financed its own continuing buybacks by selling Prosus shares. The report’s cumulative buyback figures run from the programme’s start through March 2026; they are not one-year purchases. The last OLX Autos operation was sold in August 2025.

attributedNaspers Limited — Delivery Hero. Capacity: Portfolio shareholder; equity accounting ended, ownership continued. Period: Equity-accounting/significant-influence treatment ended August 2025; a non-controlling shareholding remained in March 2026. ^{28 25 29}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Losing significant influence and ending equity accounting in August 2025 did not mean the shares had all been sold. The April report’s 4.5% Uber transaction and expected 21.8% remaining stake are one stage of the sequence, not the position after both announced sales. Announcement is not by itself completion of every transfer.

outcome

The company reports that on 29 May 2026 the Commission extended the original disposal period to allow clarity on possible tender offers and Delivery Hero’s shareholder structure; the new deadline was confidential.

attributedNaspers Limited — Prosus N.V.. Capacity: Majority group ownership of Prosus; dated capital structure. Period: Source recorded 2026-03-31; underlying appointment or transaction date and later status are not inferred from retrieval. ²⁵

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. A previously announced €4.1 billion JET offer and the later €4.2 billion closing consideration are differently defined figures. The PayU transaction does not mean all PayU businesses or India operations were sold. Old portfolio pages and SEC ownership schedules remain historical after documented disposals.

outcome

Naspers financed its own continuing buybacks by selling Prosus shares. The report’s cumulative buyback figures run from the programme’s start through March 2026; they are not one-year purchases. The last OLX Autos operation was sold in August 2025.

attributedNaspers Limited — iFood. Capacity: Group operating business; immediate legal parent not implied. Period: Source recorded 2026-03-31; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Gross merchandise value is not revenue: Takealot’s US$2 billion GMV must not be substituted for its US$1 billion revenue. Positive PayU adjusted EBITDA does not erase its adjusted EBIT loss. Company-reported scale, user counts and AI benefits are attributed business descriptions, not independently measured outcomes.

response

The group describes a broader operating model combining payments, delivery, advertising and travel. Its Indian portfolio included a 16.24% ixigo interest and a 23.52% Rapido interest, while Meesho completed an IPO in December 2025. It reports all three India payment-aggregator licences: online, offline and cross-border.

outcome

For FY27 iFood anticipated substantially lower adjusted EBITDA while investing against competition. JET’s total order volumes still declined 7% despite growth in some pilot cities; management’s expected turnaround is a forecast, not an achieved result.

attributedNaspers Limited — OLX (group brand; operating legal entity varies). Capacity: Group operating business; immediate legal parent not implied. Period: Source recorded 2026-03-31; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

The brand endpoint does not automatically identify every contracting legal entity. This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Gross merchandise value is not revenue: Takealot’s US$2 billion GMV must not be substituted for its US$1 billion revenue. Positive PayU adjusted EBITDA does not erase its adjusted EBIT loss. Company-reported scale, user counts and AI benefits are attributed business descriptions, not independently measured outcomes.

response

The group describes a broader operating model combining payments, delivery, advertising and travel. Its Indian portfolio included a 16.24% ixigo interest and a 23.52% Rapido interest, while Meesho completed an IPO in December 2025. It reports all three India payment-aggregator licences: online, offline and cross-border.

outcome

For FY27 iFood anticipated substantially lower adjusted EBITDA while investing against competition. JET’s total order volumes still declined 7% despite growth in some pilot cities; management’s expected turnaround is a forecast, not an achieved result.

attributedTakealot Group — Mr D Food. Capacity: Takealot group food-delivery business. Period: Source recorded 2026-03-31; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Gross merchandise value is not revenue: Takealot’s US$2 billion GMV must not be substituted for its US$1 billion revenue. Positive PayU adjusted EBITDA does not erase its adjusted EBIT loss. Company-reported scale, user counts and AI benefits are attributed business descriptions, not independently measured outcomes.

response

The group describes a broader operating model combining payments, delivery, advertising and travel. Its Indian portfolio included a 16.24% ixigo interest and a 23.52% Rapido interest, while Meesho completed an IPO in December 2025. It reports all three India payment-aggregator licences: online, offline and cross-border.

outcome

For FY27 iFood anticipated substantially lower adjusted EBITDA while investing against competition. JET’s total order volumes still declined 7% despite growth in some pilot cities; management’s expected turnaround is a forecast, not an achieved result.

attributedNaspers Limited — ixigo. Capacity: Group investment, 16.24%. Period: Source gives 2026; exact start and later status depend on the cited record.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Gross merchandise value is not revenue: Takealot’s US$2 billion GMV must not be substituted for its US$1 billion revenue. Positive PayU adjusted EBITDA does not erase its adjusted EBIT loss. Company-reported scale, user counts and AI benefits are attributed business descriptions, not independently measured outcomes.

response

The group describes a broader operating model combining payments, delivery, advertising and travel. Its Indian portfolio included a 16.24% ixigo interest and a 23.52% Rapido interest, while Meesho completed an IPO in December 2025. It reports all three India payment-aggregator licences: online, offline and cross-border.

outcome

For FY27 iFood anticipated substantially lower adjusted EBITDA while investing against competition. JET’s total order volumes still declined 7% despite growth in some pilot cities; management’s expected turnaround is a forecast, not an achieved result.

attributedNaspers Limited — Rapido. Capacity: Group investment, 23.52%. Period: Source gives 2026; exact start and later status depend on the cited record.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Gross merchandise value is not revenue: Takealot’s US$2 billion GMV must not be substituted for its US$1 billion revenue. Positive PayU adjusted EBITDA does not erase its adjusted EBIT loss. Company-reported scale, user counts and AI benefits are attributed business descriptions, not independently measured outcomes.

response

The group describes a broader operating model combining payments, delivery, advertising and travel. Its Indian portfolio included a 16.24% ixigo interest and a 23.52% Rapido interest, while Meesho completed an IPO in December 2025. It reports all three India payment-aggregator licences: online, offline and cross-border.

outcome

For FY27 iFood anticipated substantially lower adjusted EBITDA while investing against competition. JET’s total order volumes still declined 7% despite growth in some pilot cities; management’s expected turnaround is a forecast, not an achieved result.

attributedNaspers Limited — Meesho. Capacity: Portfolio investment; December 2025 IPO. Period: Source recorded 2026-03-31; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Gross merchandise value is not revenue: Takealot’s US$2 billion GMV must not be substituted for its US$1 billion revenue. Positive PayU adjusted EBITDA does not erase its adjusted EBIT loss. Company-reported scale, user counts and AI benefits are attributed business descriptions, not independently measured outcomes.

response

The group describes a broader operating model combining payments, delivery, advertising and travel. Its Indian portfolio included a 16.24% ixigo interest and a 23.52% Rapido interest, while Meesho completed an IPO in December 2025. It reports all three India payment-aggregator licences: online, offline and cross-border.

outcome

For FY27 iFood anticipated substantially lower adjusted EBITDA while investing against competition. JET’s total order volumes still declined 7% despite growth in some pilot cities; management’s expected turnaround is a forecast, not an achieved result.

attributedNaspers Limited — Swiggy. Capacity: Portfolio investment. Period: Source recorded 2026-03-31; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Gross merchandise value is not revenue: Takealot’s US$2 billion GMV must not be substituted for its US$1 billion revenue. Positive PayU adjusted EBITDA does not erase its adjusted EBIT loss. Company-reported scale, user counts and AI benefits are attributed business descriptions, not independently measured outcomes.

response

The group describes a broader operating model combining payments, delivery, advertising and travel. Its Indian portfolio included a 16.24% ixigo interest and a 23.52% Rapido interest, while Meesho completed an IPO in December 2025. It reports all three India payment-aggregator licences: online, offline and cross-border.

outcome

For FY27 iFood anticipated substantially lower adjusted EBITDA while investing against competition. JET’s total order volumes still declined 7% despite growth in some pilot cities; management’s expected turnaround is a forecast, not an achieved result.

attributedNaspers Limited — Prosus N.V.. Capacity: Majority group ownership of Prosus; dated capital structure. Period: Source recorded 2026-06-27; underlying appointment or transaction date and later status are not inferred from retrieval. ²⁶

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedNaspers Limited — Prosus N.V.. Capacity: Majority group ownership of Prosus; dated capital structure. Period: Source gives 2019-09; exact start and later status depend on the cited record. ³¹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedNaspers Limited — MakeMyTrip Limited. Capacity: Former investment exchanged for Ctrip interest. Period: Ended by 2019-09. ³¹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedNaspers Limited — Trip.com Group Limited. Capacity: Historical 5.6% investment. Period: Source gives 2019-09; exact start and later status depend on the cited record. ³¹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedNaspers Limited — Tencent Holdings Limited. Capacity: Historical acquisition of 46.5%. Period: Source gives 2001-05; exact start and later status depend on the cited record. ³²

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedNaspers Limited — MultiChoice Group Limited. Capacity: Former parent; business unbundled to shareholders in 2019. Period: Ended by 2019-02-27.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The proposed allocation distinguished a 49% economic interest and 20% voting rights for MultiChoice Group from a 27% economic interest for Phuthuma Nathi, with other empowerment consortia and an employee plan involved. Economic and voting percentages are different denominators. The consortia’s leaders are not automatically personal direct shareholders in LicenceCo.

response

The companies said the proposed structure addressed foreign-control and empowerment requirements, with services supplied under commercial agreements by other group entities.

outcome

Later 2025 reporting records conditional competition approval and commencement of reorganisation steps. Those reports must retain their proposal and implementation dates; approval alone is not proof that every step was already completed. None restores a current Naspers ownership link.

attributedNaspers Limited — Prosus N.V.. Capacity: Historical 56.92% interest after 2021 exchange. Period: Source gives 2021-08; exact start and later status depend on the cited record. ³²

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedNaspers Limited — VK Company Limited. Capacity: Historical 27.29% investment, written down before later renunciation. Period: Lost significant influence/write-down by March 2022; separate share and rights renunciation in November 2022. ^{22 32 23}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. An accounting write-down or loss of significant influence does not by itself establish a legal share disposal. Here the later renunciation disclosure supplies the separate exit event. A journalistic comparison between Avito and VK’s Youla service does not establish common ownership after Avito’s sale.

outcome

The older VK holding is retained as historical, with the November 2022 renunciation disclosed beside it.

attributedTakealot Group — Mr D Food. Capacity: Takealot group food-delivery business. Period: Source recorded 2023-08-01; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. These are market-inquiry findings and remedial measures, not a criminal conviction. A marketplace’s own retail operations and independent merchants are different actors. The archive’s 2022 provisional response should not be presented as a response first issued after the final 2023 decision.

response

At the provisional stage, Takealot disputed the evidential basis and characterisation of the findings. It argued that its operations faced competition from physical retailers and other online businesses; in food delivery it pointed to restaurants’ own delivery and takeaway services and the jobs created by the sector.

outcome

The final inquiry retained corrective measures. The retained material does not establish a complete later implementation or appeal history for every requirement.

attributedProsus N.V. — PayU (group brand; legal entities distinguished). Capacity: Parent of PayU group. Period: Source recorded 2025-05-13; underlying appointment or transaction date and later status are not inferred from retrieval. ^{25 37}

qualification

The brand endpoint does not automatically identify every contracting legal entity. This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The sale of Global Payments Organisation activities did not mean the sale of PayU’s Indian business. The latest financial report records completion of the European GPO disposal in November 2025. Earlier transaction announcements describe a broader agreed business perimeter and must retain their own date and scope.

outcome

FY26 India revenue reached US$781 million and adjusted EBITDA was positive at US$18 million, while adjusted EBIT remained a US$10 million loss. The credit business improved to US$6 million adjusted EBITDA, retaining both the favorable trend and the remaining operating loss.

attributedWheatfields Investments No 221 — Naspers Limited. Capacity: 12.63% voting interest through A shares in dated Commission account. Period: Source recorded 2017-06-08; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The precise historical vote percentages vary with the date and share denominator. A shared address or a minority stake does not establish an additional controlling owner. The Companies Tribunal granted Keerom a five-year social-and-ethics-committee exemption on 2 May 2023 after considering its narrow activities. That is an authorised exemption, not a finding of misconduct or a group-wide exemption.

response

In the 2017 merger dispute, the Competition Commission’s analysis treated Nasbel and Keerom as the controlling pool and did not regard Wheatfields’ minority holdings as conferring control. Caxton disputed that analysis, citing Wheatfields, the Heemstede loop and related interests.

attributedSanlam Limited — Wheatfields Investments No 221. Capacity: 50% Wheatfields interest in dated account. Period: Source recorded 2017-06-08; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Permission to investigate or intervene is not a ruling accepting Caxton’s ultimate-control theory. The 2014 transaction was subsequently abandoned. In the later Novus proceeding, the Tribunal denied intervention on the remaining control issue because divestiture conditions removed it from the merger’s consideration. The precise historical vote percentages vary with the date and share denominator. A shared address or a minority stake does not establish an additional controlling owner. The Companies Tribunal granted Keerom a five-year social-and-ethics-committee exemption on 2 May 2023 after considering its narrow activities. That is an authorised exemption, not a finding of misconduct or a group-wide exemption.

response

Naspers’ companies argued that reducing Media24’s interest and ending control of Novus made a wider enquiry unnecessary; they offered to reduce the stake further if 19% still conferred control. The Commission’s interpretation differed from Caxton’s on the significance of Wheatfields. In the 2017 merger dispute, the Competition Commission’s analysis treated Nasbel and Keerom as the controlling pool and did not regard Wheatfields’ minority holdings as conferring control. Caxton disputed that analysis, citing Wheatfields, the Heemstede loop and related interests.

outcome

The 2017 Tribunal decision approved the transaction subject to conditions that reduced Media24 to no more than 19% and addressed contractual and information-sharing concerns. It did not resolve every general allegation about Naspers’ ultimate control.

attributedDe Goedgedacht Trust — Wheatfields Investments No 221. Capacity: Reported 16.6% Wheatfields interest in Caxton’s account. Period: Source recorded 2017-06-08; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The precise historical vote percentages vary with the date and share denominator. A shared address or a minority stake does not establish an additional controlling owner. The Companies Tribunal granted Keerom a five-year social-and-ethics-committee exemption on 2 May 2023 after considering its narrow activities. That is an authorised exemption, not a finding of misconduct or a group-wide exemption.

response

In the 2017 merger dispute, the Competition Commission’s analysis treated Nasbel and Keerom as the controlling pool and did not regard Wheatfields’ minority holdings as conferring control. Caxton disputed that analysis, citing Wheatfields, the Heemstede loop and related interests.

attributedSholto Investments BVI — Wheatfields Investments No 221. Capacity: Reported 33.3% Wheatfields interest in Caxton’s account. Period: Source recorded 2017-06-08; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The precise historical vote percentages vary with the date and share denominator. A shared address or a minority stake does not establish an additional controlling owner. The Companies Tribunal granted Keerom a five-year social-and-ethics-committee exemption on 2 May 2023 after considering its narrow activities. That is an authorised exemption, not a finding of misconduct or a group-wide exemption.

response

In the 2017 merger dispute, the Competition Commission’s analysis treated Nasbel and Keerom as the controlling pool and did not regard Wheatfields’ minority holdings as conferring control. Caxton disputed that analysis, citing Wheatfields, the Heemstede loop and related interests.

attributedNaspers Limited — Heemstede Beleggings Proprietary Limited. Capacity: Parent of Heemstede, the 49% Nasbel shareholder. Period: Source recorded 2017-06-08; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The precise historical vote percentages vary with the date and share denominator. A shared address or a minority stake does not establish an additional controlling owner. The Companies Tribunal granted Keerom a five-year social-and-ethics-committee exemption on 2 May 2023 after considering its narrow activities. That is an authorised exemption, not a finding of misconduct or a group-wide exemption.

response

In the 2017 merger dispute, the Competition Commission’s analysis treated Nasbel and Keerom as the controlling pool and did not regard Wheatfields’ minority holdings as conferring control. Caxton disputed that analysis, citing Wheatfields, the Heemstede loop and related interests.

attributedNaspers Beleggings (RF) Limited (Nasbel) — Naspers Limited. Capacity: 350,000 A shares in 2014 disclosure. Period: Source recorded 2014-03-31; underlying appointment or transaction date and later status are not inferred from retrieval. ⁴³

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedKeeromstraat 30 Beleggings (RF) Limited — Naspers Limited. Capacity: 219,344 A shares in 2014 disclosure. Period: Source recorded 2014-03-31; underlying appointment or transaction date and later status are not inferred from retrieval. ⁴³

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedWheatfields Investments No 221 — Naspers Limited. Capacity: 133,350 A shares in 2014 disclosure. Period: Source recorded 2014-03-31; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. These are dated indirect holdings and share counts, before the October 2025 Naspers subdivision. The disclosed 25% interests support the historical economic connection but do not by themselves determine who controlled every Naspers vote. Caxton’s asserted Sanlam–Sholto–Goedgedacht chain is retained as its attributed account, distinct from the company’s own indirect-interest disclosure. A later retirement does not establish disposal of a person’s investments. The 2006 statement’s description of control and voting rights is a dated company account. Later Commission analysis and Caxton’s competing interpretation should not be silently replaced by it. Payments made in an acquisition are historical transactions, not continuing executive mandates.

response

Bekker said the arrangement was intended to preserve Naspers’ independence and ability to operate internationally. The reported hostile PSG-led proposal illustrated the disparity between a tiny economic percentage and a much larger voting interest.

attributedNaspers Limited — Prosus N.V.. Capacity: Majority group ownership of Prosus; dated capital structure. Period: Source recorded 2025-12-23; underlying appointment or transaction date and later status are not inferred from retrieval. ^{49 50}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. These disposals are separate from the older high-vote Wheatfields structure. They do not show that Bekker left the chair or disposed of all of his interests, and an asset aggregator’s later valuation is a market snapshot rather than an independently verified personal net-worth figure.

response

The companies said the proceeds would fund building operations at hospitality properties in which the trust had an interest and that it retained 90% of its pre-disposal holdings in both companies.

attributedMedia24 Proprietary Limited — Novus Holdings Limited. Capacity: Historical controlling interest; 2017 divestment condition capped residual stake at 19%. Period: Historical proposal and 2017 hearing; primary Tribunal records 66.5% then cap of 19%. ^{38 51 42}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The primary 2017 decision records Media24 holding 66.5% at the hearing and approving a divestment to no more than 19%. A different percentage in contemporaneous reporting does not replace this hearing-specific figure. Earlier proposals, control already implemented and the later divestment must not be collapsed into one timeless ownership link.

response

Media24 argued that a residual investment justified a non-operational board nominee and that existing printing arrangements did not amount to foreclosure. The Tribunal noted no evidence of foreclosure to that date and accepted the conditions as addressing the competition concerns.

outcome

The conditions terminated the restated management agreement, made printing contracts terminable on six months’ notice, barred Naspers from appointing Novus board or executive-committee members and limited Media24’s nomination right to a person outside its operational publishing management. The Tribunal found de jure control would end and continued de facto control highly unlikely.

attributedNaspers Limited — Media24 Proprietary Limited. Capacity: Group parent of Media24. Period: Source recorded 2017-06-08; underlying appointment or transaction date and later status are not inferred from retrieval. ^{38 51 42}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The primary 2017 decision records Media24 holding 66.5% at the hearing and approving a divestment to no more than 19%. A different percentage in contemporaneous reporting does not replace this hearing-specific figure. Earlier proposals, control already implemented and the later divestment must not be collapsed into one timeless ownership link.

response

Media24 argued that a residual investment justified a non-operational board nominee and that existing printing arrangements did not amount to foreclosure. The Tribunal noted no evidence of foreclosure to that date and accepted the conditions as addressing the competition concerns.

outcome

The conditions terminated the restated management agreement, made printing contracts terminable on six months’ notice, barred Naspers from appointing Novus board or executive-committee members and limited Media24’s nomination right to a person outside its operational publishing management. The Tribunal found de jure control would end and continued de facto control highly unlikely.

attributedJacobus Petrus (Koos) Bekker — Naspers Limited. Capacity: 16,376,499 N shares in 2014 disclosure. Period: Source gives 2014; exact start and later status depend on the cited record. ^{49 44 50}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. These disposals are separate from the older high-vote Wheatfields structure. They do not show that Bekker left the chair or disposed of all of his interests, and an asset aggregator’s later valuation is a market snapshot rather than an independently verified personal net-worth figure.

response

The companies said the proceeds would fund building operations at hospitality properties in which the trust had an interest and that it retained 90% of its pre-disposal holdings in both companies.

attributedJacobus du Toit (Cobus) Stofberg — Naspers Limited. Capacity: 451,719 N shares in 2014 disclosure. Period: Source gives 2014; exact start and later status depend on the cited record.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Joining a group, being its CFO and becoming a statutory director are different events. Marais’ Naspers directorship was effective with his permanent appointment; the announcement anticipated a separate Prosus appointment after shareholder approval. Aggregator dates that differ by a day or incorrectly place all appointments in December 2024 are not adopted. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

response

The board praised Bloisi’s operating experience and discipline. Jefferies analysts preferred a capital allocator and questioned whether an owner-operator’s skills fitted the holding-company role; UBS saw potential in the Bloisi–Tu combination. These were attributed appointment-time assessments, not findings of misconduct.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedNaspers Limited — MIH India Global Internet Limited. Capacity: Consolidating group parent. Period: Source gives 2013; exact start and later status depend on the cited record. ⁴⁴

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedTencent Holdings Limited — MIH India Global Internet Limited. Capacity: Historical 19.9% non-controlling investment. Period: Source recorded 2014-03-31; underlying appointment or transaction date and later status are not inferred from retrieval. ⁴⁴

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedNaspers Limited — Level Up! International Private Holdings. Capacity: Former 49% investment disposed of in January 2014. Period: Ended by 2014-01. ⁴⁴

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedWheatfields Investments No 221 — Naspers Beleggings (RF) Limited (Nasbel). Capacity: 168,605 ordinary shares in 2014 disclosure. Period: Source gives 2014; exact start and later status depend on the cited record. ^{44 45 46}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. These are dated indirect holdings and share counts, before the October 2025 Naspers subdivision. The disclosed 25% interests support the historical economic connection but do not by themselves determine who controlled every Naspers vote. Caxton’s asserted Sanlam–Sholto–Goedgedacht chain is retained as its attributed account, distinct from the company’s own indirect-interest disclosure. A later retirement does not establish disposal of a person’s investments.

attributedWheatfields Investments No 221 — Keeromstraat 30 Beleggings (RF) Limited. Capacity: 16,860,500 ordinary shares in 2014 disclosure. Period: Source gives 2014; exact start and later status depend on the cited record. ^{44 45 46}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. These are dated indirect holdings and share counts, before the October 2025 Naspers subdivision. The disclosed 25% interests support the historical economic connection but do not by themselves determine who controlled every Naspers vote. Caxton’s asserted Sanlam–Sholto–Goedgedacht chain is retained as its attributed account, distinct from the company’s own indirect-interest disclosure. A later retirement does not establish disposal of a person’s investments.

attributedWheatfields Investments No 221 — Naspers Limited. Capacity: 133,350 A shares in 2014 disclosure. Period: Source gives 2014; exact start and later status depend on the cited record. ^{44 45 46}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. These are dated indirect holdings and share counts, before the October 2025 Naspers subdivision. The disclosed 25% interests support the historical economic connection but do not by themselves determine who controlled every Naspers vote. Caxton’s asserted Sanlam–Sholto–Goedgedacht chain is retained as its attributed account, distinct from the company’s own indirect-interest disclosure. A later retirement does not establish disposal of a person’s investments.

attributedJacobus Petrus (Koos) Bekker — Wheatfields Investments No 221. Capacity: Indirect 25% economic interest in dated company disclosure. Period: Source recorded 2014-03-31; underlying appointment or transaction date and later status are not inferred from retrieval. ^{44 45 46}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. These are dated indirect holdings and share counts, before the October 2025 Naspers subdivision. The disclosed 25% interests support the historical economic connection but do not by themselves determine who controlled every Naspers vote. Caxton’s asserted Sanlam–Sholto–Goedgedacht chain is retained as its attributed account, distinct from the company’s own indirect-interest disclosure. A later retirement does not establish disposal of a person’s investments.

attributedJacobus du Toit (Cobus) Stofberg — Wheatfields Investments No 221. Capacity: Indirect 25% economic interest in dated company disclosure. Period: Source recorded 2014-03-31; underlying appointment or transaction date and later status are not inferred from retrieval. ^{44 45 46}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. These are dated indirect holdings and share counts, before the October 2025 Naspers subdivision. The disclosed 25% interests support the historical economic connection but do not by themselves determine who controlled every Naspers vote. Caxton’s asserted Sanlam–Sholto–Goedgedacht chain is retained as its attributed account, distinct from the company’s own indirect-interest disclosure. A later retirement does not establish disposal of a person’s investments.

attributedNaspers Limited — MIH India Global Internet Limited. Capacity: Consolidating parent of subsidiary with Tencent minority interest. Period: Source recorded 2014-03-31; underlying appointment or transaction date and later status are not inferred from retrieval. ⁴⁴

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedWheatfields Investments No 221 — Naspers Beleggings (RF) Limited (Nasbel). Capacity: 168,605 ordinary shares at March 2024. Period: Source gives 2024; exact start and later status depend on the cited record. ^{44 45 46}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. These are dated indirect holdings and share counts, before the October 2025 Naspers subdivision. The disclosed 25% interests support the historical economic connection but do not by themselves determine who controlled every Naspers vote. Caxton’s asserted Sanlam–Sholto–Goedgedacht chain is retained as its attributed account, distinct from the company’s own indirect-interest disclosure. A later retirement does not establish disposal of a person’s investments.

attributedWheatfields Investments No 221 — Keeromstraat 30 Beleggings (RF) Limited. Capacity: 16,860,500 ordinary shares at March 2024. Period: Source gives 2024; exact start and later status depend on the cited record. ^{44 45 46}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. These are dated indirect holdings and share counts, before the October 2025 Naspers subdivision. The disclosed 25% interests support the historical economic connection but do not by themselves determine who controlled every Naspers vote. Caxton’s asserted Sanlam–Sholto–Goedgedacht chain is retained as its attributed account, distinct from the company’s own indirect-interest disclosure. A later retirement does not establish disposal of a person’s investments.

attributedJacobus Petrus (Koos) Bekker — Wheatfields Investments No 221. Capacity: Indirect 25% economic interest in dated company disclosure. Period: Source recorded 2024-03-31; underlying appointment or transaction date and later status are not inferred from retrieval. ^{44 45 46}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. These are dated indirect holdings and share counts, before the October 2025 Naspers subdivision. The disclosed 25% interests support the historical economic connection but do not by themselves determine who controlled every Naspers vote. Caxton’s asserted Sanlam–Sholto–Goedgedacht chain is retained as its attributed account, distinct from the company’s own indirect-interest disclosure. A later retirement does not establish disposal of a person’s investments.

attributedJacobus du Toit (Cobus) Stofberg — Wheatfields Investments No 221. Capacity: Indirect 25% economic interest in dated company disclosure. Period: Source recorded 2024-03-31; underlying appointment or transaction date and later status are not inferred from retrieval. ^{44 45 46}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. These are dated indirect holdings and share counts, before the October 2025 Naspers subdivision. The disclosed 25% interests support the historical economic connection but do not by themselves determine who controlled every Naspers vote. Caxton’s asserted Sanlam–Sholto–Goedgedacht chain is retained as its attributed account, distinct from the company’s own indirect-interest disclosure. A later retirement does not establish disposal of a person’s investments.

attributedWheatfields Investments No 221 — Naspers Limited. Capacity: 179,988 A shares at March 2024. Period: Source gives 2024; exact start and later status depend on the cited record. ^{44 45 46}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. These are dated indirect holdings and share counts, before the October 2025 Naspers subdivision. The disclosed 25% interests support the historical economic connection but do not by themselves determine who controlled every Naspers vote. Caxton’s asserted Sanlam–Sholto–Goedgedacht chain is retained as its attributed account, distinct from the company’s own indirect-interest disclosure. A later retirement does not establish disposal of a person’s investments.

attributedWheatfields Investments No 221 — Prosus N.V.. Capacity: 1,207,198 A1 shares at March 2024. Period: Source gives 2024; exact start and later status depend on the cited record. ^{44 45 46}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. These are dated indirect holdings and share counts, before the October 2025 Naspers subdivision. The disclosed 25% interests support the historical economic connection but do not by themselves determine who controlled every Naspers vote. Caxton’s asserted Sanlam–Sholto–Goedgedacht chain is retained as its attributed account, distinct from the company’s own indirect-interest disclosure. A later retirement does not establish disposal of a person’s investments.

attributedJacobus du Toit (Cobus) Stofberg — Naspers Limited. Capacity: A-share interest in remuneration disclosure. Period: Source recorded 2024-03-31; underlying appointment or transaction date and later status are not inferred from retrieval. ^{44 45 46}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. These are dated indirect holdings and share counts, before the October 2025 Naspers subdivision. The disclosed 25% interests support the historical economic connection but do not by themselves determine who controlled every Naspers vote. Caxton’s asserted Sanlam–Sholto–Goedgedacht chain is retained as its attributed account, distinct from the company’s own indirect-interest disclosure. A later retirement does not establish disposal of a person’s investments.

attributedStephan Johannes Zymon (Steve) Pacak — Naspers Limited. Capacity: A-share interest through family trust. Period: Source recorded 2024-03-31; underlying appointment or transaction date and later status are not inferred from retrieval. ^{44 45 46}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. These are dated indirect holdings and share counts, before the October 2025 Naspers subdivision. The disclosed 25% interests support the historical economic connection but do not by themselves determine who controlled every Naspers vote. Caxton’s asserted Sanlam–Sholto–Goedgedacht chain is retained as its attributed account, distinct from the company’s own indirect-interest disclosure. A later retirement does not establish disposal of a person’s investments.

attributedNaspers Limited — Prosus N.V.. Capacity: Group parent; shared board described. Period: Source recorded 2024-03-31; underlying appointment or transaction date and later status are not inferred from retrieval. ⁴⁵

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedMark Remon Sorour — Naspers Limited. Capacity: Historical sale of 35,434 N shares. Period: Ended by 2024-03-25. ⁴⁵

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedVasileios (Basil) Sgourdos — Naspers Limited. Capacity: N-share interest through trust in dated disclosure. Period: Source gives 2023-07-13; exact start and later status depend on the cited record.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Joining a group, being its CFO and becoming a statutory director are different events. Marais’ Naspers directorship was effective with his permanent appointment; the announcement anticipated a separate Prosus appointment after shareholder approval. Aggregator dates that differ by a day or incorrectly place all appointments in December 2024 are not adopted. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

response

The board praised Bloisi’s operating experience and discipline. Jefferies analysts preferred a capital allocator and questioned whether an owner-operator’s skills fitted the holding-company role; UBS saw potential in the Bloisi–Tu combination. These were attributed appointment-time assessments, not findings of misconduct.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedNaspers Limited — Prosus N.V.. Capacity: Parent selling Prosus shares to finance buybacks. Period: Source recorded 2024-03-31; underlying appointment or transaction date and later status are not inferred from retrieval. ²⁴

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedNaspers Limited — Takealot Group. Capacity: Group parent. Period: Source recorded 2024-03-31; underlying appointment or transaction date and later status are not inferred from retrieval. ²⁴

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedTakealot Group — Mr D Food. Capacity: Group food-delivery business. Period: Source recorded 2024-03-31; underlying appointment or transaction date and later status are not inferred from retrieval. ²⁴

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedNaspers Limited — Tencent Holdings Limited. Capacity: Indirect 26% Tencent holding through Prosus in dated account. Period: Source recorded 2024-05-17; underlying appointment or transaction date and later status are not inferred from retrieval. ⁵³

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedNaspers Limited — Prosus N.V.. Capacity: Parent of company holding Tencent interest. Period: Source recorded 2024-05-17; underlying appointment or transaction date and later status are not inferred from retrieval. ⁵³

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedProsus N.V. — Just Eat Takeaway.com B.V.. Capacity: Acquirer of JET through group vehicle. Period: Conditional approval August 2025; acquisition completed October 2025. ^{28 25 61}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Deutsche Bank Trust Company Americas and the CREST entities had depositary or nominee capacities in the securities structure. Their appearance as defendants does not make them strategic owners of the business or wrongdoers. This was a statutory acquisition procedure, not a fraud judgment.

outcome

The court fixed €20.30 per share at the 21 October 2025 reference date, with statutory interest until payment or consignment and adjustments for distributions, and ordered transfer against payment. The offer’s ADS equivalent was one-fifth of the share price, denominated in US dollars.

attributedProsus N.V. — Delivery Hero. Capacity: Shareholder subject to divestment commitment. Period: Source recorded 2026-04-17; underlying appointment or transaction date and later status are not inferred from retrieval. ^{28 25 29}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Losing significant influence and ending equity accounting in August 2025 did not mean the shares had all been sold. The April report’s 4.5% Uber transaction and expected 21.8% remaining stake are one stage of the sequence, not the position after both announced sales. Announcement is not by itself completion of every transfer.

outcome

The company reports that on 29 May 2026 the Commission extended the original disposal period to allow clarity on possible tender offers and Delivery Hero’s shareholder structure; the new deadline was confidential.

attributedProsus N.V. — Delivery Hero. Capacity: Dated reduction of Delivery Hero interest from 26.3% to 21.8%. Period: Source gives 2026; exact start and later status depend on the cited record. ^{28 25 29}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Losing significant influence and ending equity accounting in August 2025 did not mean the shares had all been sold. The April report’s 4.5% Uber transaction and expected 21.8% remaining stake are one stage of the sequence, not the position after both announced sales. Announcement is not by itself completion of every transfer.

outcome

The company reports that on 29 May 2026 the Commission extended the original disposal period to allow clarity on possible tender offers and Delivery Hero’s shareholder structure; the new deadline was confidential.

attributedNaspers Limited — Just Eat Takeaway.com B.V.. Capacity: Indirect acquirer of JET through Prosus. Period: Source gives 2025-10; exact start and later status depend on the cited record. ^{28 61}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Deutsche Bank Trust Company Americas and the CREST entities had depositary or nominee capacities in the securities structure. Their appearance as defendants does not make them strategic owners of the business or wrongdoers. This was a statutory acquisition procedure, not a fraud judgment.

outcome

The court fixed €20.30 per share at the 21 October 2025 reference date, with statutory interest until payment or consignment and adjustments for distributions, and ordered transfer against payment. The offer’s ADS equivalent was one-fifth of the share price, denominated in US dollars.

attributedNaspers Limited — Prosus N.V.. Capacity: Parent of Prosus. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ^{62 63}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedNaspers Limited — Prosus N.V.. Capacity: Parent of Prosus. Period: Source recorded 2025-09-15; underlying appointment or transaction date and later status are not inferred from retrieval. ⁶⁴

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedJacobus Petrus (Koos) Bekker — Prosus N.V.. Capacity: Reported 14,189,691 N shares, 0.65%, in 2026 snapshot. Period: Source gives 2026; exact start and later status depend on the cited record. ^{49 50}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. These disposals are separate from the older high-vote Wheatfields structure. They do not show that Bekker left the chair or disposed of all of his interests, and an asset aggregator’s later valuation is a market snapshot rather than an independently verified personal net-worth figure.

response

The companies said the proceeds would fund building operations at hospitality properties in which the trust had an interest and that it retained 90% of its pre-disposal holdings in both companies.

attributedSanlam Limited — Wheatfields Investments No 221. Capacity: Contributor of high-vote shares to Wheatfields, then seller of half the vehicle. Period: Source gives 2006; exact start and later status depend on the cited record. ^{47 48}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The 2006 statement’s description of control and voting rights is a dated company account. Later Commission analysis and Caxton’s competing interpretation should not be silently replaced by it. Payments made in an acquisition are historical transactions, not continuing executive mandates.

response

Bekker said the arrangement was intended to preserve Naspers’ independence and ability to operate internationally. The reported hostile PSG-led proposal illustrated the disparity between a tiny economic percentage and a much larger voting interest.

attributedSanlam Limited — Naspers Limited. Capacity: Historical seller of high-vote A-share position. Period: Ended by 2006. ^{47 48}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The 2006 statement’s description of control and voting rights is a dated company account. Later Commission analysis and Caxton’s competing interpretation should not be silently replaced by it. Payments made in an acquisition are historical transactions, not continuing executive mandates.

response

Bekker said the arrangement was intended to preserve Naspers’ independence and ability to operate internationally. The reported hostile PSG-led proposal illustrated the disparity between a tiny economic percentage and a much larger voting interest.

attributedWheatfields Investments No 221 — Naspers Limited. Capacity: 133,350 A shares in 2006 account. Period: Source gives 2006; exact start and later status depend on the cited record. ^{47 48}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The 2006 statement’s description of control and voting rights is a dated company account. Later Commission analysis and Caxton’s competing interpretation should not be silently replaced by it. Payments made in an acquisition are historical transactions, not continuing executive mandates.

response

Bekker said the arrangement was intended to preserve Naspers’ independence and ability to operate internationally. The reported hostile PSG-led proposal illustrated the disparity between a tiny economic percentage and a much larger voting interest.

attributedWheatfields Investments No 221 — Naspers Beleggings (RF) Limited (Nasbel). Capacity: 168,605 Nasbel shares in 2006 account. Period: Source gives 2006; exact start and later status depend on the cited record. ^{47 48}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The 2006 statement’s description of control and voting rights is a dated company account. Later Commission analysis and Caxton’s competing interpretation should not be silently replaced by it. Payments made in an acquisition are historical transactions, not continuing executive mandates.

response

Bekker said the arrangement was intended to preserve Naspers’ independence and ability to operate internationally. The reported hostile PSG-led proposal illustrated the disparity between a tiny economic percentage and a much larger voting interest.

attributedWheatfields Investments No 221 — Keeromstraat 30 Beleggings (RF) Limited. Capacity: 16,860,500 Keerom shares but only 50 votes in 2006 account. Period: Source gives 2006; exact start and later status depend on the cited record. ^{47 48}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The 2006 statement’s description of control and voting rights is a dated company account. Later Commission analysis and Caxton’s competing interpretation should not be silently replaced by it. Payments made in an acquisition are historical transactions, not continuing executive mandates.

response

Bekker said the arrangement was intended to preserve Naspers’ independence and ability to operate internationally. The reported hostile PSG-led proposal illustrated the disparity between a tiny economic percentage and a much larger voting interest.

attributedJacobus du Toit (Cobus) Stofberg — Wheatfields Investments No 221. Capacity: Acquisition through associated entity for R67.5 million. Period: Source gives 2006; exact start and later status depend on the cited record. ^{47 48}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The 2006 statement’s description of control and voting rights is a dated company account. Later Commission analysis and Caxton’s competing interpretation should not be silently replaced by it. Payments made in an acquisition are historical transactions, not continuing executive mandates.

response

Bekker said the arrangement was intended to preserve Naspers’ independence and ability to operate internationally. The reported hostile PSG-led proposal illustrated the disparity between a tiny economic percentage and a much larger voting interest.

attributedFabricio Bloisi Rocha — Prosus N.V.. Capacity: Reported 575,141 Prosus N shares, 0.03%, in 2026 snapshot. Period: Source gives 2026; exact start and later status depend on the cited record.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Joining a group, being its CFO and becoming a statutory director are different events. Marais’ Naspers directorship was effective with his permanent appointment; the announcement anticipated a separate Prosus appointment after shareholder approval. Aggregator dates that differ by a day or incorrectly place all appointments in December 2024 are not adopted. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

response

The board praised Bloisi’s operating experience and discipline. Jefferies analysts preferred a capital allocator and questioned whether an owner-operator’s skills fitted the holding-company role; UBS saw potential in the Bloisi–Tu combination. These were attributed appointment-time assessments, not findings of misconduct.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedPedro Dornelles Arnt — dLocal. Capacity: Reported 705,000 A shares, 0.41%, in 2026 snapshot. Period: Source gives 2026; exact start and later status depend on the cited record. ⁶⁶

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedHendrik Jacobus du Toit — Ninety One. Capacity: Reported 2,504,307 shares, 0.38%, in 2026 snapshot. Period: Source gives 2026; exact start and later status depend on the cited record. ⁶⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedHendrik Jacobus du Toit — Prosus N.V.. Capacity: Reported 11,139 N shares in 2026 snapshot. Period: Source gives 2026; exact start and later status depend on the cited record. ⁶⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedNaspers Limited — Media24 Holdings Proprietary Limited. Capacity: Group parent of Media24 Holdings. Period: Source recorded 2024-12-24; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The 2020 pandemic-related reductions were a separate episode. A plan to end a print edition is not necessarily the disappearance of the title’s digital journalism. The applicants’ predictions of lost access and higher distribution costs are preserved as arguments, not converted into established outcomes.

response

Media24 attributed its decision to declining print readership and advertising, said migration would occur independently of the asset sale, and described retaining journalists in digital operations. The Competition Appeal Court found that the evidence did not establish the broader composite merger alleged by the applicants.

outcome

The court dismissed the urgent application with costs on 24 December 2024. Later reporting said Caxton and Capital Newspapers sought Constitutional Court relief; the retained report does not establish the final result of that later effort.

attributedMedia24 Holdings Proprietary Limited — Media24 Proprietary Limited. Capacity: Parent of Media24 operating company. Period: Source recorded 2024-12-24; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The 2020 pandemic-related reductions were a separate episode. A plan to end a print edition is not necessarily the disappearance of the title’s digital journalism. The applicants’ predictions of lost access and higher distribution costs are preserved as arguments, not converted into established outcomes.

response

Media24 attributed its decision to declining print readership and advertising, said migration would occur independently of the asset sale, and described retaining journalists in digital operations. The Competition Appeal Court found that the evidence did not establish the broader composite merger alleged by the applicants.

outcome

The court dismissed the urgent application with costs on 24 December 2024. Later reporting said Caxton and Capital Newspapers sought Constitutional Court relief; the retained report does not establish the final result of that later effort.

attributedNovus Holdings Limited — Novus Print (Pty) Limited. Capacity: Parent of printing subsidiary. Period: Source recorded 2024-12-24; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The primary 2017 decision records Media24 holding 66.5% at the hearing and approving a divestment to no more than 19%. A different percentage in contemporaneous reporting does not replace this hearing-specific figure. Earlier proposals, control already implemented and the later divestment must not be collapsed into one timeless ownership link.

response

Media24 argued that a residual investment justified a non-operational board nominee and that existing printing arrangements did not amount to foreclosure. The Tribunal noted no evidence of foreclosure to that date and accepted the conditions as addressing the competition concerns.

outcome

The conditions terminated the restated management agreement, made printing contracts terminable on six months’ notice, barred Naspers from appointing Novus board or executive-committee members and limited Media24’s nomination right to a person outside its operational publishing management. The Tribunal found de jure control would end and continued de facto control highly unlikely.

attributedTakealot Group — Takealot Fulfilment Solutions. Capacity: B2B fulfilment division. Period: Source recorded 2026; underlying appointment or transaction date and later status are not inferred from retrieval. ^{73 74}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The report’s discussion of enforcement against a different organisation under South Africa’s privacy law is not a fine imposed on Takealot. The group’s published privacy commitments are relevant standards, not proof that no breach occurred.

response

TFS executive Merlin Norman attributed the incident to human error, said an investigation was under way and described staff rebriefing and control measures intended to prevent repetition.

outcome

The retained reporting does not establish a subsequent regulatory fine or final enforcement outcome against Takealot for this incident.

attributedTakealot Group — Mr D Food. Capacity: Group food-delivery business. Period: Source recorded 2022-12; underlying appointment or transaction date and later status are not inferred from retrieval. ^{73 74}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The report’s discussion of enforcement against a different organisation under South Africa’s privacy law is not a fine imposed on Takealot. The group’s published privacy commitments are relevant standards, not proof that no breach occurred.

response

TFS executive Merlin Norman attributed the incident to human error, said an investigation was under way and described staff rebriefing and control measures intended to prevent repetition.

outcome

The retained reporting does not establish a subsequent regulatory fine or final enforcement outcome against Takealot for this incident.

attributedTakealot Group — Mr D Food. Capacity: Group food-delivery business. Period: Source recorded 2026; underlying appointment or transaction date and later status are not inferred from retrieval. ⁷⁵

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedProsus N.V. — MIH Bidco Holdings B.V.. Capacity: Indirect sole shareholder of acquisition vehicle. Period: Source recorded 2026-06-30; underlying appointment or transaction date and later status are not inferred from retrieval. ⁶¹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Deutsche Bank Trust Company Americas and the CREST entities had depositary or nominee capacities in the securities structure. Their appearance as defendants does not make them strategic owners of the business or wrongdoers. This was a statutory acquisition procedure, not a fraud judgment.

outcome

The court fixed €20.30 per share at the 21 October 2025 reference date, with statutory interest until payment or consignment and adjustments for distributions, and ordered transfer against payment. The offer’s ADS equivalent was one-fifth of the share price, denominated in US dollars.

attributedProsus N.V. — Avito. Capacity: Historical indirect owner of Avito group. Period: Source recorded 2022-06; underlying appointment or transaction date and later status are not inferred from retrieval. ^{76 77 78}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The substantial monetary penalties proposed in the pleading were requested enforcement measures, not damages or fines awarded. The archive contains a redacted section for the defendants’ position, so it does not support reconstruction of a full defence from that section.

response

The pleading itself records Prosus’ March 2022 statements that it was addressing a small number of military advertisements and separating Avito from OLX, with no further investment or economic benefit and no direct day-to-day involvement. Those statements do not resolve the claimant’s disputed factual account.

outcome

The appeal notice identifies the Amsterdam interim judgment of 15 July 2022 and seeks reversal. Later Loyens & Loeff commentary reports that the claimant withdrew its appeal after Prosus sold Avito and exited Russia. The retained materials do not include the court termination order, so the withdrawal is attributed to that commentary; the old appeal filing is not evidence that the appeal remains ongoing.

attributedProsus N.V. — Avito. Capacity: Historical indirect owner of Avito group. Period: Source gives 2019; exact start and later status depend on the cited record. ^{76 77 78}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The substantial monetary penalties proposed in the pleading were requested enforcement measures, not damages or fines awarded. The archive contains a redacted section for the defendants’ position, so it does not support reconstruction of a full defence from that section.

response

The pleading itself records Prosus’ March 2022 statements that it was addressing a small number of military advertisements and separating Avito from OLX, with no further investment or economic benefit and no direct day-to-day involvement. Those statements do not resolve the claimant’s disputed factual account.

outcome

The appeal notice identifies the Amsterdam interim judgment of 15 July 2022 and seeks reversal. Later Loyens & Loeff commentary reports that the claimant withdrew its appeal after Prosus sold Avito and exited Russia. The retained materials do not include the court termination order, so the withdrawal is attributed to that commentary; the old appeal filing is not evidence that the appeal remains ongoing.

attributedProsus N.V. — Avito. Capacity: Former group owner; asset sold in October 2022. Period: Source recorded 2022-10-14; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. An agreement announced on 14 October was not itself proof of completion on that same day. The later primary FY23 financial statements confirm that the disposal completed in October 2022. A stray report using million instead of billion is not adopted.

response

Prosus described the sale as a responsible and structured exit under difficult conditions.

outcome

Prosus’ FY23 report records the completed disposal and US$2.4 billion proceeds. Avito is therefore a historical portfolio connection, not a continuing Naspers asset in this reconstruction.

attributedProsus N.V. — Avito Holding LLC. Capacity: Former group owner; asset sold in October 2022. Period: Source recorded 2022-10-14; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. An agreement announced on 14 October was not itself proof of completion on that same day. The later primary FY23 financial statements confirm that the disposal completed in October 2022. A stray report using million instead of billion is not adopted.

response

Prosus described the sale as a responsible and structured exit under difficult conditions.

outcome

Prosus’ FY23 report records the completed disposal and US$2.4 billion proceeds. Avito is therefore a historical portfolio connection, not a continuing Naspers asset in this reconstruction.

attributedNaspers Limited — Media24 Proprietary Limited. Capacity: Group parent; direct or indirect chain not decided by this source. Period: Source recorded 2007-10-08; underlying appointment or transaction date and later status are not inferred from retrieval. ⁸²

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedNaspers Limited — Media24 Proprietary Limited. Capacity: Group parent; direct or indirect chain not decided by this source. Period: Source recorded 2022-05-20; underlying appointment or transaction date and later status are not inferred from retrieval. ⁸³

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The judgment dealt with exceptions to the pleaded case. It accepted a subsidiary relationship for purposes of the argument without deciding whether Media24 was Naspers’ direct or indirect subsidiary.

outcome

On 20 May 2022 the court largely upheld the defendants’ exceptions, set aside the particulars of claim and allowed one month to deliver amended particulars, with costs against the claimant. This favorable procedural outcome was not a final merits judgment resolving every possible amended claim.

attributedNaspers Limited — Media24 Proprietary Limited. Capacity: Group media business. Period: Source recorded 2024-08-06; underlying appointment or transaction date and later status are not inferred from retrieval. ⁸⁴

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedNaspers Limited — Media24 Proprietary Limited. Capacity: Group media business. Period: Source recorded 2024-06-24; underlying appointment or transaction date and later status are not inferred from retrieval. ⁸⁵

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedMIH India Global Internet Limited — ACL Wireless. Capacity: Historical 30% investment for US$12.3 million. Period: Source recorded 2008-06-18; underlying appointment or transaction date and later status are not inferred from retrieval. ⁸⁶

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedNaspers Limited — MIH India Global Internet Limited. Capacity: Group parent. Period: Source recorded 2008-06-18; underlying appointment or transaction date and later status are not inferred from retrieval. ⁸⁶

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedNaspers Limited — Tencent Holdings Limited. Capacity: Historical 35.5% Tencent shareholding. Period: Source recorded 2008-06-18; underlying appointment or transaction date and later status are not inferred from retrieval. ⁸⁶

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedMIH India Global Internet Limited — ibibo.com. Capacity: Holding-company portfolio business. Period: Source recorded 2008-06-18; underlying appointment or transaction date and later status are not inferred from retrieval. ⁸⁶

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedProsus N.V. — Naspers Limited. Capacity: Historical crossholding in Naspers, later unwound. Period: Crossholding reported before its September 2023 removal. ^{87 3 4}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The table is explicitly expressed in thousands. Its total of approximately 750.553 million combines net N shares and A shares, not voting rights or equivalent economic interests. Old descriptions of Prosus owning roughly half of Naspers are historical, not a continuing circular holding after September 2023.

attributedProsus N.V. — Tencent Holdings Limited. Capacity: Portfolio investment in Tencent. Period: Source recorded 2021-08-16; underlying appointment or transaction date and later status are not inferred from retrieval. ⁸⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedNaspers Limited — Prosus N.V.. Capacity: Parent of Prosus. Period: Source recorded 2022-10-14; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. An agreement announced on 14 October was not itself proof of completion on that same day. The later primary FY23 financial statements confirm that the disposal completed in October 2022. A stray report using million instead of billion is not adopted.

response

Prosus described the sale as a responsible and structured exit under difficult conditions.

outcome

Prosus’ FY23 report records the completed disposal and US$2.4 billion proceeds. Avito is therefore a historical portfolio connection, not a continuing Naspers asset in this reconstruction.

attributedNaspers Limited — MultiChoice (Pty) Ltd. Capacity: Former parent before 2019 unbundling. Period: Source recorded 2020-02-25; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Carrim’s testimony, journalists’ allegations and the 2017 Pomerantz announcement are different kinds of evidence. A law firm announcing an investigation on behalf of shareholders is not a filed shareholder action or a court finding of securities fraud.

response

Naspers said it supported MultiChoice’s review of possible governance failures and took malpractice allegations seriously; it said it had not been informed of investor legal action. In response to Carrim, its spokesperson argued that his allegations did not assert illegal conduct by Naspers and said the company would not exercise its rights to give or test evidence at the inquiry. The Guptas and Jacob Zuma denied wrongdoing in the wider allegations reported by Reuters. The commission’s final report records MultiChoice’s denial of improper lobbying and its statement that it played no role in Carrim’s non-reappointment. It also records a company review acknowledging mistakes in ANN7 dealings and recommending stronger channel-ownership due diligence and escalation.

outcome

The final State Capture Commission report, Part V Volume 2, printed page 516, found no evidential basis for fraud or corruption in the MultiChoice lobbying concerned. That limited favorable conclusion must accompany the allegations; it is not a blanket clearance of every contract or a ruling in the separate competition proceedings.

attributedNaspers Limited — MultiChoice Group Limited. Capacity: Historical pay-TV group business before 2019 unbundling. Period: Source recorded 2017-12-05; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Carrim’s testimony, journalists’ allegations and the 2017 Pomerantz announcement are different kinds of evidence. A law firm announcing an investigation on behalf of shareholders is not a filed shareholder action or a court finding of securities fraud.

response

Naspers said it supported MultiChoice’s review of possible governance failures and took malpractice allegations seriously; it said it had not been informed of investor legal action. In response to Carrim, its spokesperson argued that his allegations did not assert illegal conduct by Naspers and said the company would not exercise its rights to give or test evidence at the inquiry. The Guptas and Jacob Zuma denied wrongdoing in the wider allegations reported by Reuters. The commission’s final report records MultiChoice’s denial of improper lobbying and its statement that it played no role in Carrim’s non-reappointment. It also records a company review acknowledging mistakes in ANN7 dealings and recommending stronger channel-ownership due diligence and escalation.

outcome

The final State Capture Commission report, Part V Volume 2, printed page 516, found no evidential basis for fraud or corruption in the MultiChoice lobbying concerned. That limited favorable conclusion must accompany the allegations; it is not a blanket clearance of every contract or a ruling in the separate competition proceedings.

attributedNaspers Limited — Tencent Holdings Limited. Capacity: Historical holding of approximately one-third of Tencent. Period: Source recorded 2017-12-05; underlying appointment or transaction date and later status are not inferred from retrieval. ⁹⁰

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedNaspers Limited — MultiChoice Group Limited. Capacity: Historical pay-TV group business before 2019 unbundling. Period: Source recorded 2020-02-25; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Carrim’s testimony, journalists’ allegations and the 2017 Pomerantz announcement are different kinds of evidence. A law firm announcing an investigation on behalf of shareholders is not a filed shareholder action or a court finding of securities fraud.

response

Naspers said it supported MultiChoice’s review of possible governance failures and took malpractice allegations seriously; it said it had not been informed of investor legal action. In response to Carrim, its spokesperson argued that his allegations did not assert illegal conduct by Naspers and said the company would not exercise its rights to give or test evidence at the inquiry. The Guptas and Jacob Zuma denied wrongdoing in the wider allegations reported by Reuters. The commission’s final report records MultiChoice’s denial of improper lobbying and its statement that it played no role in Carrim’s non-reappointment. It also records a company review acknowledging mistakes in ANN7 dealings and recommending stronger channel-ownership due diligence and escalation.

outcome

The final State Capture Commission report, Part V Volume 2, printed page 516, found no evidential basis for fraud or corruption in the MultiChoice lobbying concerned. That limited favorable conclusion must accompany the allegations; it is not a blanket clearance of every contract or a ruling in the separate competition proceedings.

attributedNaspers Limited — Takealot Group. Capacity: Parent of Takealot group. Period: Source recorded 2026-09-21; underlying appointment or transaction date and later status are not inferred from retrieval. ⁹³

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedNaspers Limited — Prosus N.V.. Capacity: Parent whose executives’ required holdings include Prosus shares. Period: Source recorded 2026-08-26; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. These are attributed governance criticisms, not regulatory findings or proof of a US$100 million payment. Prosus and Naspers have separate voting results. Advisers to investors are not thereby advisers engaged by the company, and asset-manager voting disclosures do not identify a personal beneficial owner of all managed shares.

response

Naspers says its remuneration chair engages investors regularly and that it remains open to dialogue. Its policy makes the moonshot conditional on doubling the combined dollar market value, maintaining that value for a further period and beating median peer shareholder returns. Malus and clawback provisions also apply.

outcome

The 2026 Naspers resolutions passed despite substantial N-class opposition. The company said the discount-linked component of short-term incentives paid zero, while the moonshot remained conditional. These distinctions are retained beside the criticism.

attributedNaspers Beleggings (RF) Limited (Nasbel) — Naspers Limited. Capacity: Member of combined 50% voting pool in dated merger disclosure. Period: Source recorded 2014-08-19; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Permission to investigate or intervene is not a ruling accepting Caxton’s ultimate-control theory. The 2014 transaction was subsequently abandoned. In the later Novus proceeding, the Tribunal denied intervention on the remaining control issue because divestiture conditions removed it from the merger’s consideration.

response

Naspers’ companies argued that reducing Media24’s interest and ending control of Novus made a wider enquiry unnecessary; they offered to reduce the stake further if 19% still conferred control. The Commission’s interpretation differed from Caxton’s on the significance of Wheatfields.

outcome

The 2017 Tribunal decision approved the transaction subject to conditions that reduced Media24 to no more than 19% and addressed contractual and information-sharing concerns. It did not resolve every general allegation about Naspers’ ultimate control.

attributedKeeromstraat 30 Beleggings (RF) Limited — Naspers Limited. Capacity: Member of combined 50% voting pool in dated merger disclosure. Period: Source recorded 2014-08-19; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Permission to investigate or intervene is not a ruling accepting Caxton’s ultimate-control theory. The 2014 transaction was subsequently abandoned. In the later Novus proceeding, the Tribunal denied intervention on the remaining control issue because divestiture conditions removed it from the merger’s consideration.

response

Naspers’ companies argued that reducing Media24’s interest and ending control of Novus made a wider enquiry unnecessary; they offered to reduce the stake further if 19% still conferred control. The Commission’s interpretation differed from Caxton’s on the significance of Wheatfields.

outcome

The 2017 Tribunal decision approved the transaction subject to conditions that reduced Media24 to no more than 19% and addressed contractual and information-sharing concerns. It did not resolve every general allegation about Naspers’ ultimate control.

attributedWheatfields Investments No 221 — Naspers Limited. Capacity: 11.7% voting interest in dated merger disclosure. Period: Source recorded 2014-08-19; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Permission to investigate or intervene is not a ruling accepting Caxton’s ultimate-control theory. The 2014 transaction was subsequently abandoned. In the later Novus proceeding, the Tribunal denied intervention on the remaining control issue because divestiture conditions removed it from the merger’s consideration.

response

Naspers’ companies argued that reducing Media24’s interest and ending control of Novus made a wider enquiry unnecessary; they offered to reduce the stake further if 19% still conferred control. The Commission’s interpretation differed from Caxton’s on the significance of Wheatfields.

outcome

The 2017 Tribunal decision approved the transaction subject to conditions that reduced Media24 to no more than 19% and addressed contractual and information-sharing concerns. It did not resolve every general allegation about Naspers’ ultimate control.

attributedSholto Investments BVI — Wheatfields Investments No 221. Capacity: 33.3% Wheatfields holding attributed to Caxton’s account. Period: Source recorded 2017-06-08; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Permission to investigate or intervene is not a ruling accepting Caxton’s ultimate-control theory. The 2014 transaction was subsequently abandoned. In the later Novus proceeding, the Tribunal denied intervention on the remaining control issue because divestiture conditions removed it from the merger’s consideration.

response

Naspers’ companies argued that reducing Media24’s interest and ending control of Novus made a wider enquiry unnecessary; they offered to reduce the stake further if 19% still conferred control. The Commission’s interpretation differed from Caxton’s on the significance of Wheatfields.

outcome

The 2017 Tribunal decision approved the transaction subject to conditions that reduced Media24 to no more than 19% and addressed contractual and information-sharing concerns. It did not resolve every general allegation about Naspers’ ultimate control.

attributedJacobus Petrus (Koos) Bekker — Sholto Investments BVI. Capacity: Sholto shareholder in Caxton’s attributed account. Period: Source recorded 2017-06-08; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Permission to investigate or intervene is not a ruling accepting Caxton’s ultimate-control theory. The 2014 transaction was subsequently abandoned. In the later Novus proceeding, the Tribunal denied intervention on the remaining control issue because divestiture conditions removed it from the merger’s consideration.

response

Naspers’ companies argued that reducing Media24’s interest and ending control of Novus made a wider enquiry unnecessary; they offered to reduce the stake further if 19% still conferred control. The Commission’s interpretation differed from Caxton’s on the significance of Wheatfields.

outcome

The 2017 Tribunal decision approved the transaction subject to conditions that reduced Media24 to no more than 19% and addressed contractual and information-sharing concerns. It did not resolve every general allegation about Naspers’ ultimate control.

attributedJacobus du Toit (Cobus) Stofberg — Sholto Investments BVI. Capacity: Sholto shareholder in Caxton’s attributed account. Period: Source recorded 2017-06-08; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Permission to investigate or intervene is not a ruling accepting Caxton’s ultimate-control theory. The 2014 transaction was subsequently abandoned. In the later Novus proceeding, the Tribunal denied intervention on the remaining control issue because divestiture conditions removed it from the merger’s consideration.

response

Naspers’ companies argued that reducing Media24’s interest and ending control of Novus made a wider enquiry unnecessary; they offered to reduce the stake further if 19% still conferred control. The Commission’s interpretation differed from Caxton’s on the significance of Wheatfields.

outcome

The 2017 Tribunal decision approved the transaction subject to conditions that reduced Media24 to no more than 19% and addressed contractual and information-sharing concerns. It did not resolve every general allegation about Naspers’ ultimate control.

attributedSanlam Limited — Wheatfields Investments No 221. Capacity: 50% Wheatfields interest in Caxton’s account. Period: Source recorded 2017-06-08; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Permission to investigate or intervene is not a ruling accepting Caxton’s ultimate-control theory. The 2014 transaction was subsequently abandoned. In the later Novus proceeding, the Tribunal denied intervention on the remaining control issue because divestiture conditions removed it from the merger’s consideration.

response

Naspers’ companies argued that reducing Media24’s interest and ending control of Novus made a wider enquiry unnecessary; they offered to reduce the stake further if 19% still conferred control. The Commission’s interpretation differed from Caxton’s on the significance of Wheatfields.

outcome

The 2017 Tribunal decision approved the transaction subject to conditions that reduced Media24 to no more than 19% and addressed contractual and information-sharing concerns. It did not resolve every general allegation about Naspers’ ultimate control.

attributedDe Goedgedacht Trust — Wheatfields Investments No 221. Capacity: 16.6% Wheatfields interest in Caxton’s account. Period: Source recorded 2017-06-08; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Permission to investigate or intervene is not a ruling accepting Caxton’s ultimate-control theory. The 2014 transaction was subsequently abandoned. In the later Novus proceeding, the Tribunal denied intervention on the remaining control issue because divestiture conditions removed it from the merger’s consideration.

response

Naspers’ companies argued that reducing Media24’s interest and ending control of Novus made a wider enquiry unnecessary; they offered to reduce the stake further if 19% still conferred control. The Commission’s interpretation differed from Caxton’s on the significance of Wheatfields.

outcome

The 2017 Tribunal decision approved the transaction subject to conditions that reduced Media24 to no more than 19% and addressed contractual and information-sharing concerns. It did not resolve every general allegation about Naspers’ ultimate control.

attributedNaspers Limited — Prosus N.V.. Capacity: Parent of dividend-paying Prosus. Period: Source recorded 2026-08-27; underlying appointment or transaction date and later status are not inferred from retrieval. ^{99 96 97}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. These are the separate class and combined voting results disclosed by the company. They are not a claim that the resolutions failed or that most economic ownership necessarily supported them. The 1,000 votes per A share explain why simple share-count comparisons are misleading.

response

The company says no A shareholder controls more than 34% of Naspers. It acknowledges that the holding-company discount had not narrowed as shareholders wanted and says the discount-linked portion of CEO and CFO short-term incentives paid zero for FY26.

outcome

The AGM approved all resolutions. The Prosus dividend was to be passed through to Naspers shareholders, with the exact per-share amount to be announced on 1 December 2026 after further buybacks; it was not yet fixed at the archive cutoff.

attributedTakealot Group — Mr D Food. Capacity: Group food-delivery platform. Period: Source recorded 2023-08-01; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The inquiry included Mr D and Uber Eats as distinct operators. The fact that both appeared in an inquiry does not establish an ownership, partnership or collusion relationship between them. These are market-inquiry findings and remedial measures, not a criminal conviction. A marketplace’s own retail operations and independent merchants are different actors. The archive’s 2022 provisional response should not be presented as a response first issued after the final 2023 decision.

response

Takealot’s earlier response emphasised competition from restaurants’ own delivery and takeaway channels and the economic opportunities created by the sector. The separate Uber Eats response in the final-report article is not a Mr D statement. At the provisional stage, Takealot disputed the evidential basis and characterisation of the findings. It argued that its operations faced competition from physical retailers and other online businesses; in food delivery it pointed to restaurants’ own delivery and takeaway services and the jobs created by the sector.

outcome

The final inquiry retained corrective measures. The retained material does not establish a complete later implementation or appeal history for every requirement.

attributedProsus N.V. — Naspers Limited. Capacity: Historical reciprocal crossholding removed in September 2023. Period: Historical reciprocal holding removed September 2023. ^{3 4}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The table is explicitly expressed in thousands. Its total of approximately 750.553 million combines net N shares and A shares, not voting rights or equivalent economic interests. Old descriptions of Prosus owning roughly half of Naspers are historical, not a continuing circular holding after September 2023.

attributedNaspers Limited — Tencent Holdings Limited. Capacity: Indirect Tencent investor. Period: Source recorded 2019-03; underlying appointment or transaction date and later status are not inferred from retrieval. ⁴

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedNaspers Limited — Prosus N.V.. Capacity: Parent of separately listed Prosus. Period: Source recorded 2019-03; underlying appointment or transaction date and later status are not inferred from retrieval. ⁴

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedProsus N.V. — Avito. Capacity: Former group asset sold in October 2022. Period: Historical Avito portfolio relationship; disposal completed October 2022. ¹⁰⁰

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedIvan Vladimirovich Tavrin — Kismet Capital Group LLC. Capacity: Owner identified in US sanctions announcement. Period: Source recorded 2023-12-12; underlying appointment or transaction date and later status are not inferred from retrieval. ^{101 102 103}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. These designations post-date the completed October 2022 Avito sale. They do not establish that Naspers or Prosus was itself designated, or that the buyer was already subject to these particular designations when the transaction closed. A sanctions designation is not a criminal conviction. Personal tax identifiers are unnecessary to explain the public corporate connection and are withheld.

outcome

Official sanctions notices establish their stated designations and grounds at the relevant dates. Dates in later aggregator ownership histories are not independently treated as proof of the exact date of every subsequent share transfer.

attributedIvan Vladimirovich Tavrin — LIMITED LIABILITY COMPANY KISMET CONSULTING. Capacity: 100% owner identified in US sanctions announcement. Period: Source recorded 2023-12-12; underlying appointment or transaction date and later status are not inferred from retrieval. ^{101 102 103}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. These designations post-date the completed October 2022 Avito sale. They do not establish that Naspers or Prosus was itself designated, or that the buyer was already subject to these particular designations when the transaction closed. A sanctions designation is not a criminal conviction. Personal tax identifiers are unnecessary to explain the public corporate connection and are withheld.

outcome

Official sanctions notices establish their stated designations and grounds at the relevant dates. Dates in later aggregator ownership histories are not independently treated as proof of the exact date of every subsequent share transfer.

attributedJacobus du Toit (Cobus) Stofberg — Prosus N.V.. Capacity: 1,215,898 Prosus shares in dated disclosure. Period: Source recorded 2025-08; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Joining a group, being its CFO and becoming a statutory director are different events. Marais’ Naspers directorship was effective with his permanent appointment; the announcement anticipated a separate Prosus appointment after shareholder approval. Aggregator dates that differ by a day or incorrectly place all appointments in December 2024 are not adopted. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

response

The board praised Bloisi’s operating experience and discipline. Jefferies analysts preferred a capital allocator and questioned whether an owner-operator’s skills fitted the holding-company role; UBS saw potential in the Bloisi–Tu combination. These were attributed appointment-time assessments, not findings of misconduct.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedKeeromstraat 30 Beleggings (RF) Limited — Naspers Limited. Capacity: A-share holder. Period: Source recorded 2006; underlying appointment or transaction date and later status are not inferred from retrieval. ⁴⁸

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedJacobus Petrus (Koos) Bekker — Wheatfields Investments No 221. Capacity: Indirect investor through Wheatfields arrangement. Period: Source recorded 2006; underlying appointment or transaction date and later status are not inferred from retrieval. ^{47 48}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The 2006 statement’s description of control and voting rights is a dated company account. Later Commission analysis and Caxton’s competing interpretation should not be silently replaced by it. Payments made in an acquisition are historical transactions, not continuing executive mandates.

response

Bekker said the arrangement was intended to preserve Naspers’ independence and ability to operate internationally. The reported hostile PSG-led proposal illustrated the disparity between a tiny economic percentage and a much larger voting interest.

attributedNaspers Limited — MultiChoice (Pty) Ltd. Capacity: Historical parent before 2019 unbundling. Period: Historical MultiChoice group ownership ended at February 2019 unbundling. ^{48 32}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedNaspers Limited — Tencent Holdings Limited. Capacity: Indirect approximately 23% Tencent holding in dated account. Period: Source recorded 2025-09-17; underlying appointment or transaction date and later status are not inferred from retrieval. ¹⁰⁴

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedTencent Holdings Limited — MIH India Global Internet Limited. Capacity: Historical US$7.5 million investment. Period: Source recorded 2008-06-18; underlying appointment or transaction date and later status are not inferred from retrieval. ¹⁰⁵

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedNaspers Limited — MIH India Global Internet Limited. Capacity: Group promoter and parent. Period: Source recorded 2008-06-18; underlying appointment or transaction date and later status are not inferred from retrieval. ¹⁰⁵

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedNaspers Limited — Media24 Proprietary Limited. Capacity: Group parent of Media24. Period: Source recorded 2017-06-06; underlying appointment or transaction date and later status are not inferred from retrieval. ^{38 51 42}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The primary 2017 decision records Media24 holding 66.5% at the hearing and approving a divestment to no more than 19%. A different percentage in contemporaneous reporting does not replace this hearing-specific figure. Earlier proposals, control already implemented and the later divestment must not be collapsed into one timeless ownership link.

response

Media24 argued that a residual investment justified a non-operational board nominee and that existing printing arrangements did not amount to foreclosure. The Tribunal noted no evidence of foreclosure to that date and accepted the conditions as addressing the competition concerns.

outcome

The conditions terminated the restated management agreement, made printing contracts terminable on six months’ notice, barred Naspers from appointing Novus board or executive-committee members and limited Media24’s nomination right to a person outside its operational publishing management. The Tribunal found de jure control would end and continued de facto control highly unlikely.

attributedMedia24 Proprietary Limited — Novus Holdings Limited. Capacity: Historical control before mandated divestment to no more than 19%. Period: Source recorded 2017-06-06; underlying appointment or transaction date and later status are not inferred from retrieval. ^{38 51 42}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The primary 2017 decision records Media24 holding 66.5% at the hearing and approving a divestment to no more than 19%. A different percentage in contemporaneous reporting does not replace this hearing-specific figure. Earlier proposals, control already implemented and the later divestment must not be collapsed into one timeless ownership link.

response

Media24 argued that a residual investment justified a non-operational board nominee and that existing printing arrangements did not amount to foreclosure. The Tribunal noted no evidence of foreclosure to that date and accepted the conditions as addressing the competition concerns.

outcome

The conditions terminated the restated management agreement, made printing contracts terminable on six months’ notice, barred Naspers from appointing Novus board or executive-committee members and limited Media24’s nomination right to a person outside its operational publishing management. The Tribunal found de jure control would end and continued de facto control highly unlikely.

attributedNovus Holdings Limited — Paarl Media Holdings Proprietary Limited. Capacity: Parent of printing subsidiary in dated account. Period: Source recorded 2017-06-06; underlying appointment or transaction date and later status are not inferred from retrieval. ^{38 51 42}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The primary 2017 decision records Media24 holding 66.5% at the hearing and approving a divestment to no more than 19%. A different percentage in contemporaneous reporting does not replace this hearing-specific figure. Earlier proposals, control already implemented and the later divestment must not be collapsed into one timeless ownership link.

response

Media24 argued that a residual investment justified a non-operational board nominee and that existing printing arrangements did not amount to foreclosure. The Tribunal noted no evidence of foreclosure to that date and accepted the conditions as addressing the competition concerns.

outcome

The conditions terminated the restated management agreement, made printing contracts terminable on six months’ notice, barred Naspers from appointing Novus board or executive-committee members and limited Media24’s nomination right to a person outside its operational publishing management. The Tribunal found de jure control would end and continued de facto control highly unlikely.

attributedNovus Holdings Limited — Print Media Paarl. Capacity: Parent of printing subsidiary in dated account. Period: Source recorded 2017-06-06; underlying appointment or transaction date and later status are not inferred from retrieval. ^{38 51 42}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The primary 2017 decision records Media24 holding 66.5% at the hearing and approving a divestment to no more than 19%. A different percentage in contemporaneous reporting does not replace this hearing-specific figure. Earlier proposals, control already implemented and the later divestment must not be collapsed into one timeless ownership link.

response

Media24 argued that a residual investment justified a non-operational board nominee and that existing printing arrangements did not amount to foreclosure. The Tribunal noted no evidence of foreclosure to that date and accepted the conditions as addressing the competition concerns.

outcome

The conditions terminated the restated management agreement, made printing contracts terminable on six months’ notice, barred Naspers from appointing Novus board or executive-committee members and limited Media24’s nomination right to a person outside its operational publishing management. The Tribunal found de jure control would end and continued de facto control highly unlikely.

attributedIvan Vladimirovich Tavrin — Kismet Capital Group LLC. Capacity: 99.99% holding in dated sanctions aggregator history. Period: Historical aggregator interval; its end date is not independently verified as a disposal date.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. These designations post-date the completed October 2022 Avito sale. They do not establish that Naspers or Prosus was itself designated, or that the buyer was already subject to these particular designations when the transaction closed. A sanctions designation is not a criminal conviction. Personal tax identifiers are unnecessary to explain the public corporate connection and are withheld.

outcome

Official sanctions notices establish their stated designations and grounds at the relevant dates. Dates in later aggregator ownership histories are not independently treated as proof of the exact date of every subsequent share transfer.

attributedIvan Vladimirovich Tavrin — LIMITED LIABILITY COMPANY KISMET CONSULTING. Capacity: 100% holding in dated sanctions aggregator history. Period: Historical aggregator interval; its end date is not independently verified as a disposal date.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. These designations post-date the completed October 2022 Avito sale. They do not establish that Naspers or Prosus was itself designated, or that the buyer was already subject to these particular designations when the transaction closed. A sanctions designation is not a criminal conviction. Personal tax identifiers are unnecessary to explain the public corporate connection and are withheld.

outcome

Official sanctions notices establish their stated designations and grounds at the relevant dates. Dates in later aggregator ownership histories are not independently treated as proof of the exact date of every subsequent share transfer.

attributedMedia24 Proprietary Limited — Paarl Media Holdings Proprietary Limited. Capacity: Historical joint controller from 2000. Period: Source gives 2000; exact start and later status depend on the cited record. ^{38 51 42}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The primary 2017 decision records Media24 holding 66.5% at the hearing and approving a divestment to no more than 19%. A different percentage in contemporaneous reporting does not replace this hearing-specific figure. Earlier proposals, control already implemented and the later divestment must not be collapsed into one timeless ownership link.

response

Media24 argued that a residual investment justified a non-operational board nominee and that existing printing arrangements did not amount to foreclosure. The Tribunal noted no evidence of foreclosure to that date and accepted the conditions as addressing the competition concerns.

outcome

The conditions terminated the restated management agreement, made printing contracts terminable on six months’ notice, barred Naspers from appointing Novus board or executive-committee members and limited Media24’s nomination right to a person outside its operational publishing management. The Tribunal found de jure control would end and continued de facto control highly unlikely.

attributedMedia24 Proprietary Limited — Paarl Coldset Proprietary Limited. Capacity: Historical joint controller from 2000. Period: Source gives 2000; exact start and later status depend on the cited record. ^{38 51 42}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The primary 2017 decision records Media24 holding 66.5% at the hearing and approving a divestment to no more than 19%. A different percentage in contemporaneous reporting does not replace this hearing-specific figure. Earlier proposals, control already implemented and the later divestment must not be collapsed into one timeless ownership link.

response

Media24 argued that a residual investment justified a non-operational board nominee and that existing printing arrangements did not amount to foreclosure. The Tribunal noted no evidence of foreclosure to that date and accepted the conditions as addressing the competition concerns.

outcome

The conditions terminated the restated management agreement, made printing contracts terminable on six months’ notice, barred Naspers from appointing Novus board or executive-committee members and limited Media24’s nomination right to a person outside its operational publishing management. The Tribunal found de jure control would end and continued de facto control highly unlikely.

attributedMedia24 Proprietary Limited — Novus Holdings Limited. Capacity: Historical 66.5% interest subject to reduction to no more than 19%. Period: Source recorded 2017-01; underlying appointment or transaction date and later status are not inferred from retrieval. ^{38 51 42}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The primary 2017 decision records Media24 holding 66.5% at the hearing and approving a divestment to no more than 19%. A different percentage in contemporaneous reporting does not replace this hearing-specific figure. Earlier proposals, control already implemented and the later divestment must not be collapsed into one timeless ownership link.

response

Media24 argued that a residual investment justified a non-operational board nominee and that existing printing arrangements did not amount to foreclosure. The Tribunal noted no evidence of foreclosure to that date and accepted the conditions as addressing the competition concerns.

outcome

The conditions terminated the restated management agreement, made printing contracts terminable on six months’ notice, barred Naspers from appointing Novus board or executive-committee members and limited Media24’s nomination right to a person outside its operational publishing management. The Tribunal found de jure control would end and continued de facto control highly unlikely.

attributedCanal+ S.A. — MultiChoice Group Limited. Capacity: Dated acquisition trajectory from 6.5% to 35.01% before mandatory offer. Period: Source gives 2020-10; exact start and later status depend on the cited record.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The proposed allocation distinguished a 49% economic interest and 20% voting rights for MultiChoice Group from a 27% economic interest for Phuthuma Nathi, with other empowerment consortia and an employee plan involved. Economic and voting percentages are different denominators. The consortia’s leaders are not automatically personal direct shareholders in LicenceCo.

response

The companies said the proposed structure addressed foreign-control and empowerment requirements, with services supplied under commercial agreements by other group entities.

outcome

Later 2025 reporting records conditional competition approval and commencement of reorganisation steps. Those reports must retain their proposal and implementation dates; approval alone is not proof that every step was already completed. None restores a current Naspers ownership link.

attributedEoin Ryan — Naspers Limited. Capacity: Head of investor relations. Period: Source recorded 2026-06-29; underlying appointment or transaction date and later status are not inferred from retrieval. ¹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedCharlie Pemberton — Naspers Limited. Capacity: Communications director. Period: Source recorded 2026-06-29; underlying appointment or transaction date and later status are not inferred from retrieval. ¹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedSibusiso Tshabalala — Naspers Limited. Capacity: Head of communications, South Africa. Period: Source recorded 2026-06-29; underlying appointment or transaction date and later status are not inferred from retrieval. ¹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedJacobus Petrus (Koos) Bekker — Naspers Limited. Capacity: Non-executive chair; not independent. Period: Naspers chair from April 2015; Prosus separately listed from 2019; planned retirement in financial year ending March 2028 is future.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedJacobus Petrus (Koos) Bekker — MTN Group Limited. Capacity: Co-founder. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹⁰⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedJacobus Petrus (Koos) Bekker — M-Net/MultiChoice. Capacity: Leader of founding team. Period: Source gives 1985; exact start and later status depend on the cited record. ¹⁰⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedTheunissen (Ton) Vosloo — Naspers Limited. Capacity: Former board chair. Period: Historical Naspers chair, succeeded in April 2015. ¹⁰⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedJacobus Petrus (Koos) Bekker — Theunissen (Ton) Vosloo. Capacity: Succeeded as chair. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹⁰⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedFabricio Bloisi Rocha — Naspers Limited. Capacity: Group chief executive and executive director. Period: Group CEO from 1 July 2024; later record may separately concern committee or award capacity.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff. Joining a group, being its CFO and becoming a statutory director are different events. Marais’ Naspers directorship was effective with his permanent appointment; the announcement anticipated a separate Prosus appointment after shareholder approval. Aggregator dates that differ by a day or incorrectly place all appointments in December 2024 are not adopted.

response

The board praised Bloisi’s operating experience and discipline. Jefferies analysts preferred a capital allocator and questioned whether an owner-operator’s skills fitted the holding-company role; UBS saw potential in the Bloisi–Tu combination. These were attributed appointment-time assessments, not findings of misconduct.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedFabricio Bloisi Rocha — iFood. Capacity: Former chief executive and chair. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹⁰⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedFabricio Bloisi Rocha — Movile Group. Capacity: Founder. Period: Source gives 1998; exact start and later status depend on the cited record. ^{65 107}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedNico Marais — Naspers Limited. Capacity: Chief financial officer and financial director. Period: Interim CFO from December 2024; permanent CFO from 29 April 2025; Naspers directorship effective then, Prosus appointment separately subject to approval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff. Joining a group, being its CFO and becoming a statutory director are different events. Marais’ Naspers directorship was effective with his permanent appointment; the announcement anticipated a separate Prosus appointment after shareholder approval. Aggregator dates that differ by a day or incorrectly place all appointments in December 2024 are not adopted.

response

The board praised Bloisi’s operating experience and discipline. Jefferies analysts preferred a capital allocator and questioned whether an owner-operator’s skills fitted the holding-company role; UBS saw potential in the Bloisi–Tu combination. These were attributed appointment-time assessments, not findings of misconduct.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedHendrik Jacobus du Toit — Naspers Limited. Capacity: Lead independent non-executive director. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹⁰⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedHendrik Jacobus du Toit — Ninety One. Capacity: Founder and chief executive. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ^{67 107}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedHendrik Jacobus du Toit — Investec Group. Capacity: Former joint chief executive. Period: 2018-10-01–2020-03-16. ¹⁰⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedPedro Dornelles Arnt — Naspers Limited. Capacity: Independent non-executive director. Period: Naspers director from 10 August 2026; audit committee retained after September refresh, earlier risk membership not a current September mandate. ^{56 59 107}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedPedro Dornelles Arnt — dLocal. Capacity: Chief executive. Period: Source gives 2023-08; exact start and later status depend on the cited record. ¹⁰⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedPedro Dornelles Arnt — Allegro.eu SA. Capacity: Non-executive director. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹⁰⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedSharmistha (Shar) Dubey — Naspers Limited. Capacity: Independent non-executive director. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹⁰⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedSharmistha (Shar) Dubey — Match Group, Inc.. Capacity: Chief executive. Period: Chief executive during 2020–2022; later board role is separate. ^{108 107}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedSharmistha (Shar) Dubey — Fortive Corporation. Capacity: Board and remuneration-committee member. Period: Director since 2020; chair effective 29 January 2025; other committee capacities retain their dated source scope. ^{108 107}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedCraig Lawrence Enenstein — Naspers Limited. Capacity: Independent non-executive director. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹⁰⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedCraig Lawrence Enenstein — Corridor Capital, LLC. Capacity: Founder and chief executive. Period: Source gives 2005; exact start and later status depend on the cited record. ¹⁰⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedManisha Girotra — Naspers Limited. Capacity: Independent non-executive director. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹⁰⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedManisha Girotra — Moelis India. Capacity: Chief executive, India. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹⁰⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedManisha Girotra — Ashok Leyland Limited. Capacity: Director. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹⁰⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedManisha Girotra — Jio Payments Bank Limited. Capacity: Director. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹⁰⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedManisha Girotra — UBS AG. Capacity: Former chief executive and country head, India. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ^{109 107}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedRachel Catharina Cornelia Jafta — Naspers Limited. Capacity: Independent non-executive director. Period: Source gives 2003; exact start and later status depend on the cited record. ¹⁰⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedRachel Catharina Cornelia Jafta — Media24 Proprietary Limited. Capacity: Director; later board chair. Period: Source gives 2013-04; exact start and later status depend on the cited record. ¹⁰⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedRachel Catharina Cornelia Jafta — Naspers Beleggings (RF) Limited (Nasbel). Capacity: Director. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹⁰⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedAngelien Gertruda Zinnia Kemna — Naspers Limited. Capacity: Independent non-executive director. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹⁰⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedAngelien Gertruda Zinnia Kemna — Friesland Campina. Capacity: Supervisory-board member and audit chair. Period: Historical parent-company supervisory-board mandate, 2019–2023. ^{110 107}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedAngelien Gertruda Zinnia Kemna — AXA Investment Managers SA. Capacity: Senior independent board member. Period: Historical AXA Investment Managers board mandate, 2019–2025. ^{110 107}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedAngelien Gertruda Zinnia Kemna — AXA Group. Capacity: Board and audit-committee member. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹⁰⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedAngelien Gertruda Zinnia Kemna — NIBC Holding. Capacity: Board member and risk-committee chair. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹⁰⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedDebra Meyer — Naspers Limited. Capacity: Independent non-executive director. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹⁰⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedDebra Meyer — Naspers Beleggings (RF) Limited (Nasbel). Capacity: Director. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹⁰⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedDebra Meyer — Keeromstraat 30 Beleggings (RF) Limited. Capacity: Director. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹⁰⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedRoberto Oliveira de Lima — Naspers Limited. Capacity: Independent non-executive director. Period: Historical board mandate; retired effective 1 July 2026.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff. Joining a group, being its CFO and becoming a statutory director are different events. Marais’ Naspers directorship was effective with his permanent appointment; the announcement anticipated a separate Prosus appointment after shareholder approval. Aggregator dates that differ by a day or incorrectly place all appointments in December 2024 are not adopted.

response

The board praised Bloisi’s operating experience and discipline. Jefferies analysts preferred a capital allocator and questioned whether an owner-operator’s skills fitted the holding-company role; UBS saw potential in the Bloisi–Tu combination. These were attributed appointment-time assessments, not findings of misconduct.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedRoberto Oliveira de Lima — RNI Negócios Imobiliários S.A.. Capacity: Director. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹⁰⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedRoberto Oliveira de Lima — Telefônica Brasil S.A.. Capacity: Former president, chief executive and director. Period: Ended by 2019-04. ¹⁰⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedYing Xu — Naspers Limited. Capacity: Independent non-executive director. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹⁰⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedYing Xu — Wumei Technology Group Co., Ltd.. Capacity: Acquisitions leadership. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹⁰⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedMark Remon Sorour — Naspers Limited. Capacity: Non-executive director; formerly group chief investment officer. Period: Group employment began 1994; investment/executive role ended 31 March 2018; non-executive board service continued. ¹⁰⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedLynelle Bagwandeen — Naspers Limited. Capacity: Group company secretary and information officer. Period: Source gives 2020-08; exact start and later status depend on the cited record. ¹⁰⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedLynelle Bagwandeen — Prosus N.V.. Capacity: Group company secretary. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹⁰⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedLynelle Bagwandeen — Netcare Limited. Capacity: Former group company secretary and general counsel. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹⁰⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedPhuthi Mahanyele-Dabengwa — Naspers Limited. Capacity: South Africa chief executive. Period: Source gives 2019-07; exact start and later status depend on the cited record. ¹⁰⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedPhuthi Mahanyele-Dabengwa — Vodacom Group. Capacity: Independent director. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ^{111 107}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedPhuthi Mahanyele-Dabengwa — Sigma Capital. Capacity: Co-founder and executive chair. Period: Source gives 2015; exact start and later status depend on the cited record. ¹⁰⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedPhuthi Mahanyele-Dabengwa — Shanduka Group. Capacity: Former chief executive. Period: 2004–2015. ¹⁰⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedVasileios (Basil) Sgourdos — Naspers Limited. Capacity: Executive director; disclosure signatory. Period: CFO and executive mandate ended 30 November 2024.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Joining a group, being its CFO and becoming a statutory director are different events. Marais’ Naspers directorship was effective with his permanent appointment; the announcement anticipated a separate Prosus appointment after shareholder approval. Aggregator dates that differ by a day or incorrectly place all appointments in December 2024 are not adopted. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

response

The board praised Bloisi’s operating experience and discipline. Jefferies analysts preferred a capital allocator and questioned whether an owner-operator’s skills fitted the holding-company role; UBS saw potential in the Bloisi–Tu combination. These were attributed appointment-time assessments, not findings of misconduct.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedVasileios (Basil) Sgourdos — Prosus N.V.. Capacity: Executive director. Period: CFO and executive mandate ended 30 November 2024.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Joining a group, being its CFO and becoming a statutory director are different events. Marais’ Naspers directorship was effective with his permanent appointment; the announcement anticipated a separate Prosus appointment after shareholder approval. Aggregator dates that differ by a day or incorrectly place all appointments in December 2024 are not adopted. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

response

The board praised Bloisi’s operating experience and discipline. Jefferies analysts preferred a capital allocator and questioned whether an owner-operator’s skills fitted the holding-company role; UBS saw potential in the Bloisi–Tu combination. These were attributed appointment-time assessments, not findings of misconduct.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedLaurent Le Moal — PayU (group brand; legal entities distinguished). Capacity: PayU chief executive. Period: PayU CEO in 2021 SEC disclosure; no right to vote or dispose of the disclosed Remitly holding. ^{5 6}

qualification

The brand endpoint does not automatically identify every contracting legal entity. This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. PayU Fintech Investments B.V. is a specified Dutch holding vehicle, not a substitute name for every PayU operating company. The 100% links below Prosus do not make Naspers a 100% direct owner of every downstream entity. Nasbel and Keerom expressly disclaimed beneficial ownership of the Remitly shares in that filing.

attributedJacobus Petrus (Koos) Bekker — Naspers Limited. Capacity: Non-executive chair. Period: Naspers chair from April 2015; Prosus separately listed from 2019; planned retirement in financial year ending March 2028 is future.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedSharmistha (Shar) Dubey — Naspers Limited. Capacity: Director. Period: Source recorded 2026-06-27; underlying appointment or transaction date and later status are not inferred from retrieval. ²⁵

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedHendrik Jacobus du Toit — Naspers Limited. Capacity: Director. Period: Source recorded 2026-06-27; underlying appointment or transaction date and later status are not inferred from retrieval. ²⁵

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedCraig Lawrence Enenstein — Naspers Limited. Capacity: Director. Period: Source recorded 2026-06-27; underlying appointment or transaction date and later status are not inferred from retrieval. ²⁵

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedManisha Girotra — Naspers Limited. Capacity: Director. Period: Source recorded 2026-06-27; underlying appointment or transaction date and later status are not inferred from retrieval. ²⁵

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedArnold (AJ) Goldberg — Naspers Limited. Capacity: Independent non-executive director. Period: Source recorded 2026-06-27; underlying appointment or transaction date and later status are not inferred from retrieval. ²⁵

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedRachel Catharina Cornelia Jafta — Naspers Limited. Capacity: Director. Period: Source recorded 2026-06-27; underlying appointment or transaction date and later status are not inferred from retrieval. ²⁵

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedAngelien Gertruda Zinnia Kemna — Naspers Limited. Capacity: Director. Period: Source recorded 2026-06-27; underlying appointment or transaction date and later status are not inferred from retrieval. ²⁵

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedPhuthi Mahanyele-Dabengwa — Naspers Limited. Capacity: Executive director. Period: Source recorded 2026-06-27; underlying appointment or transaction date and later status are not inferred from retrieval. ²⁵

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedDebra Meyer — Naspers Limited. Capacity: Director. Period: Source recorded 2026-06-27; underlying appointment or transaction date and later status are not inferred from retrieval. ²⁵

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedRoberto Oliveira de Lima — Naspers Limited. Capacity: Director. Period: Historical board mandate; retired effective 1 July 2026.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Joining a group, being its CFO and becoming a statutory director are different events. Marais’ Naspers directorship was effective with his permanent appointment; the announcement anticipated a separate Prosus appointment after shareholder approval. Aggregator dates that differ by a day or incorrectly place all appointments in December 2024 are not adopted. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

response

The board praised Bloisi’s operating experience and discipline. Jefferies analysts preferred a capital allocator and questioned whether an owner-operator’s skills fitted the holding-company role; UBS saw potential in the Bloisi–Tu combination. These were attributed appointment-time assessments, not findings of misconduct.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedStephan Johannes Zymon (Steve) Pacak — Naspers Limited. Capacity: Former non-executive director. Period: Historical mandate; group CFO ended 30 June 2014; later board roles ended no later than his death on 20 April 2026.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Joining a group, being its CFO and becoming a statutory director are different events. Marais’ Naspers directorship was effective with his permanent appointment; the announcement anticipated a separate Prosus appointment after shareholder approval. Aggregator dates that differ by a day or incorrectly place all appointments in December 2024 are not adopted. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

response

The board praised Bloisi’s operating experience and discipline. Jefferies analysts preferred a capital allocator and questioned whether an owner-operator’s skills fitted the holding-company role; UBS saw potential in the Bloisi–Tu combination. These were attributed appointment-time assessments, not findings of misconduct.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedMark Remon Sorour — Naspers Limited. Capacity: Director. Period: Source recorded 2026-06-27; underlying appointment or transaction date and later status are not inferred from retrieval. ²⁵

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedYing Xu — Naspers Limited. Capacity: Director. Period: Source recorded 2026-06-27; underlying appointment or transaction date and later status are not inferred from retrieval. ²⁵

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedStephan Johannes Zymon (Steve) Pacak — Naspers Limited. Capacity: Former CFO and executive director, later non-executive director and audit chair. Period: Historical mandate; group CFO ended 30 June 2014; later board roles ended no later than his death on 20 April 2026.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Joining a group, being its CFO and becoming a statutory director are different events. Marais’ Naspers directorship was effective with his permanent appointment; the announcement anticipated a separate Prosus appointment after shareholder approval. Aggregator dates that differ by a day or incorrectly place all appointments in December 2024 are not adopted. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

response

The board praised Bloisi’s operating experience and discipline. Jefferies analysts preferred a capital allocator and questioned whether an owner-operator’s skills fitted the holding-company role; UBS saw potential in the Bloisi–Tu combination. These were attributed appointment-time assessments, not findings of misconduct.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedStephan Johannes Zymon (Steve) Pacak — Prosus N.V.. Capacity: Former independent non-executive director. Period: Historical mandate; group CFO ended 30 June 2014; later board roles ended no later than his death on 20 April 2026.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff. Joining a group, being its CFO and becoming a statutory director are different events. Marais’ Naspers directorship was effective with his permanent appointment; the announcement anticipated a separate Prosus appointment after shareholder approval. Aggregator dates that differ by a day or incorrectly place all appointments in December 2024 are not adopted.

response

The board praised Bloisi’s operating experience and discipline. Jefferies analysts preferred a capital allocator and questioned whether an owner-operator’s skills fitted the holding-company role; UBS saw potential in the Bloisi–Tu combination. These were attributed appointment-time assessments, not findings of misconduct.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedStephan Johannes Zymon (Steve) Pacak — M-Net. Capacity: Historical group employment. Period: Historical mandate; group CFO ended 30 June 2014; later board roles ended no later than his death on 20 April 2026. ^{44 25 114}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedJacobus du Toit (Cobus) Stofberg — Naspers Limited. Capacity: Former independent non-executive director. Period: Historical board mandate; retired 19 August 2025.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Joining a group, being its CFO and becoming a statutory director are different events. Marais’ Naspers directorship was effective with his permanent appointment; the announcement anticipated a separate Prosus appointment after shareholder approval. Aggregator dates that differ by a day or incorrectly place all appointments in December 2024 are not adopted. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

response

The board praised Bloisi’s operating experience and discipline. Jefferies analysts preferred a capital allocator and questioned whether an owner-operator’s skills fitted the holding-company role; UBS saw potential in the Bloisi–Tu combination. These were attributed appointment-time assessments, not findings of misconduct.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedArnold (AJ) Goldberg — Naspers Limited. Capacity: Independent non-executive director. Period: Source gives 2026-05-19; exact start and later status depend on the cited record. ²⁵

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedPhuthi Mahanyele-Dabengwa — Naspers Limited. Capacity: Executive director. Period: Source gives 2025-04-01; exact start and later status depend on the cited record. ²⁵

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedLynelle Bagwandeen — Naspers Limited. Capacity: Group company secretary. Period: Source recorded 2026-06-27; underlying appointment or transaction date and later status are not inferred from retrieval. ²⁵

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedPedro Dornelles Arnt — Naspers Limited. Capacity: Independent director and audit member; earlier risk-committee membership. Period: Naspers director from 10 August 2026; audit committee retained after September refresh, earlier risk membership not a current September mandate.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedArnold (AJ) Goldberg — Naspers Limited. Capacity: Risk-committee member. Period: Source gives 2026-09-14; exact start and later status depend on the cited record.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedPedro Dornelles Arnt — Naspers Limited. Capacity: Audit-committee member. Period: Audit-committee member in the roster effective 14 September 2026.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedSharmistha (Shar) Dubey — Naspers Limited. Capacity: Interim audit-committee chair. Period: Source recorded 2026-09-15; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedAngelien Gertruda Zinnia Kemna — Naspers Limited. Capacity: Interim risk-committee chair and audit member. Period: Source recorded 2026-09-15; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedManisha Girotra — Naspers Limited. Capacity: Audit-committee member. Period: Source recorded 2026-09-15; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedRachel Catharina Cornelia Jafta — Naspers Limited. Capacity: Risk-committee member. Period: Source recorded 2026-09-15; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedFabricio Bloisi Rocha — Naspers Limited. Capacity: Risk-committee member. Period: Group CEO from 1 July 2024; later record may separately concern committee or award capacity.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedNico Marais — Naspers Limited. Capacity: Risk-committee member. Period: Risk-committee member in the roster effective 14 September 2026.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedPhuthi Mahanyele-Dabengwa — Naspers Limited. Capacity: South Africa CEO giving inquiry evidence. Period: Source recorded 2021-11-03; underlying appointment or transaction date and later status are not inferred from retrieval. ¹¹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedLynelle Bagwandeen — Naspers Limited. Capacity: Group company secretary. Period: Source recorded 2023-02-10; underlying appointment or transaction date and later status are not inferred from retrieval. ⁶

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedLynelle Bagwandeen — Prosus N.V.. Capacity: Group company secretary. Period: Source recorded 2023-02-10; underlying appointment or transaction date and later status are not inferred from retrieval. ⁶

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedBob van Dijk — Naspers Limited. Capacity: Former chief executive and executive director. Period: CEO and board mandate ended 18 September 2023; transitional adviser until 30 September 2024.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Joining a group, being its CFO and becoming a statutory director are different events. Marais’ Naspers directorship was effective with his permanent appointment; the announcement anticipated a separate Prosus appointment after shareholder approval. Aggregator dates that differ by a day or incorrectly place all appointments in December 2024 are not adopted. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

response

The board praised Bloisi’s operating experience and discipline. Jefferies analysts preferred a capital allocator and questioned whether an owner-operator’s skills fitted the holding-company role; UBS saw potential in the Bloisi–Tu combination. These were attributed appointment-time assessments, not findings of misconduct.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedBob van Dijk — Prosus N.V.. Capacity: Former chief executive and executive director. Period: CEO and board mandate ended 18 September 2023; transitional adviser until 30 September 2024.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Joining a group, being its CFO and becoming a statutory director are different events. Marais’ Naspers directorship was effective with his permanent appointment; the announcement anticipated a separate Prosus appointment after shareholder approval. Aggregator dates that differ by a day or incorrectly place all appointments in December 2024 are not adopted. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

response

The board praised Bloisi’s operating experience and discipline. Jefferies analysts preferred a capital allocator and questioned whether an owner-operator’s skills fitted the holding-company role; UBS saw potential in the Bloisi–Tu combination. These were attributed appointment-time assessments, not findings of misconduct.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedVasileios (Basil) Sgourdos — Naspers Limited. Capacity: Former chief financial officer. Period: CFO and executive mandate ended 30 November 2024.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff. Joining a group, being its CFO and becoming a statutory director are different events. Marais’ Naspers directorship was effective with his permanent appointment; the announcement anticipated a separate Prosus appointment after shareholder approval. Aggregator dates that differ by a day or incorrectly place all appointments in December 2024 are not adopted.

response

The board praised Bloisi’s operating experience and discipline. Jefferies analysts preferred a capital allocator and questioned whether an owner-operator’s skills fitted the holding-company role; UBS saw potential in the Bloisi–Tu combination. These were attributed appointment-time assessments, not findings of misconduct.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedVasileios (Basil) Sgourdos — Prosus N.V.. Capacity: Former chief financial officer. Period: CFO and executive mandate ended 30 November 2024.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff. Joining a group, being its CFO and becoming a statutory director are different events. Marais’ Naspers directorship was effective with his permanent appointment; the announcement anticipated a separate Prosus appointment after shareholder approval. Aggregator dates that differ by a day or incorrectly place all appointments in December 2024 are not adopted.

response

The board praised Bloisi’s operating experience and discipline. Jefferies analysts preferred a capital allocator and questioned whether an owner-operator’s skills fitted the holding-company role; UBS saw potential in the Bloisi–Tu combination. These were attributed appointment-time assessments, not findings of misconduct.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedJacobus Petrus (Koos) Bekker — Prosus N.V.. Capacity: Non-executive chair. Period: Naspers chair from April 2015; Prosus separately listed from 2019; planned retirement in financial year ending March 2028 is future.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedHendrik Jacobus du Toit — Naspers Limited. Capacity: Non-executive director. Period: Source recorded 2023-02-10; underlying appointment or transaction date and later status are not inferred from retrieval. ⁶

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedHendrik Jacobus du Toit — Investec Asset Management. Capacity: Historical chief executive. Period: Source recorded 2023-02-10; underlying appointment or transaction date and later status are not inferred from retrieval. ⁶

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedAngelien Gertruda Zinnia Kemna — Naspers Limited. Capacity: Non-executive director. Period: Source recorded 2023-02-10; underlying appointment or transaction date and later status are not inferred from retrieval. ⁶

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedAngelien Gertruda Zinnia Kemna — Prosus N.V.. Capacity: Non-executive director. Period: Source recorded 2023-02-10; underlying appointment or transaction date and later status are not inferred from retrieval. ⁶

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedCraig Lawrence Enenstein — Naspers Limited. Capacity: Non-executive director. Period: Source recorded 2023-02-10; underlying appointment or transaction date and later status are not inferred from retrieval. ⁶

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedCraig Lawrence Enenstein — Corridor Capital, LLC. Capacity: Chief executive. Period: Source recorded 2023-02-10; underlying appointment or transaction date and later status are not inferred from retrieval. ⁶

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedManisha Girotra — Naspers Limited. Capacity: Non-executive director. Period: Source recorded 2023-02-10; underlying appointment or transaction date and later status are not inferred from retrieval. ⁶

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedManisha Girotra — Moelis India. Capacity: Chief executive. Period: Source recorded 2023-02-10; underlying appointment or transaction date and later status are not inferred from retrieval. ⁶

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedRachel Catharina Cornelia Jafta — Naspers Limited. Capacity: Non-executive director. Period: Source recorded 2023-02-10; underlying appointment or transaction date and later status are not inferred from retrieval. ⁶

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedDebra Meyer — Naspers Limited. Capacity: Non-executive director. Period: Source recorded 2023-02-10; underlying appointment or transaction date and later status are not inferred from retrieval. ⁶

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedDebra Meyer — University of Johannesburg. Capacity: Professor. Period: Source recorded 2023-02-10; underlying appointment or transaction date and later status are not inferred from retrieval. ⁶

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedRoberto Oliveira de Lima — Naspers Limited. Capacity: Non-executive director. Period: Historical board mandate; retired effective 1 July 2026.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Joining a group, being its CFO and becoming a statutory director are different events. Marais’ Naspers directorship was effective with his permanent appointment; the announcement anticipated a separate Prosus appointment after shareholder approval. Aggregator dates that differ by a day or incorrectly place all appointments in December 2024 are not adopted. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

response

The board praised Bloisi’s operating experience and discipline. Jefferies analysts preferred a capital allocator and questioned whether an owner-operator’s skills fitted the holding-company role; UBS saw potential in the Bloisi–Tu combination. These were attributed appointment-time assessments, not findings of misconduct.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedStephan Johannes Zymon (Steve) Pacak — Naspers Limited. Capacity: Non-executive director. Period: Historical mandate; group CFO ended 30 June 2014; later board roles ended no later than his death on 20 April 2026.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Joining a group, being its CFO and becoming a statutory director are different events. Marais’ Naspers directorship was effective with his permanent appointment; the announcement anticipated a separate Prosus appointment after shareholder approval. Aggregator dates that differ by a day or incorrectly place all appointments in December 2024 are not adopted. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

response

The board praised Bloisi’s operating experience and discipline. Jefferies analysts preferred a capital allocator and questioned whether an owner-operator’s skills fitted the holding-company role; UBS saw potential in the Bloisi–Tu combination. These were attributed appointment-time assessments, not findings of misconduct.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedMark Remon Sorour — Naspers Limited. Capacity: Non-executive director. Period: Source recorded 2023-02-10; underlying appointment or transaction date and later status are not inferred from retrieval. ⁶

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedJacobus du Toit (Cobus) Stofberg — Naspers Limited. Capacity: Non-executive director. Period: Historical board mandate; retired 19 August 2025.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Joining a group, being its CFO and becoming a statutory director are different events. Marais’ Naspers directorship was effective with his permanent appointment; the announcement anticipated a separate Prosus appointment after shareholder approval. Aggregator dates that differ by a day or incorrectly place all appointments in December 2024 are not adopted. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

response

The board praised Bloisi’s operating experience and discipline. Jefferies analysts preferred a capital allocator and questioned whether an owner-operator’s skills fitted the holding-company role; UBS saw potential in the Bloisi–Tu combination. These were attributed appointment-time assessments, not findings of misconduct.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedYing Xu — Naspers Limited. Capacity: Non-executive director. Period: Source recorded 2023-02-10; underlying appointment or transaction date and later status are not inferred from retrieval. ⁶

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedYing Xu — Wumei Technology Group Co., Ltd.. Capacity: President. Period: Source recorded 2023-02-10; underlying appointment or transaction date and later status are not inferred from retrieval. ⁶

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedFrancis Lehlohonolo Napo (Nolo) Letele — Naspers Limited. Capacity: Non-executive director. Period: Source recorded 2023-02-10; underlying appointment or transaction date and later status are not inferred from retrieval. ⁶

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedFrancis Lehlohonolo Napo (Nolo) Letele — MultiChoice Group Limited. Capacity: Board chair. Period: Source recorded 2023-02-10; underlying appointment or transaction date and later status are not inferred from retrieval. ⁶

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedNico Marais — Naspers Limited. Capacity: Group chief financial officer. Period: Interim CFO from December 2024; permanent CFO from 29 April 2025; Naspers directorship effective then, Prosus appointment separately subject to approval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff. Joining a group, being its CFO and becoming a statutory director are different events. Marais’ Naspers directorship was effective with his permanent appointment; the announcement anticipated a separate Prosus appointment after shareholder approval. Aggregator dates that differ by a day or incorrectly place all appointments in December 2024 are not adopted.

response

The board praised Bloisi’s operating experience and discipline. Jefferies analysts preferred a capital allocator and questioned whether an owner-operator’s skills fitted the holding-company role; UBS saw potential in the Bloisi–Tu combination. These were attributed appointment-time assessments, not findings of misconduct.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedBob van Dijk — Naspers Limited. Capacity: Chief executive. Period: CEO and board mandate ended 18 September 2023; transitional adviser until 30 September 2024.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff. Joining a group, being its CFO and becoming a statutory director are different events. Marais’ Naspers directorship was effective with his permanent appointment; the announcement anticipated a separate Prosus appointment after shareholder approval. Aggregator dates that differ by a day or incorrectly place all appointments in December 2024 are not adopted.

response

The board praised Bloisi’s operating experience and discipline. Jefferies analysts preferred a capital allocator and questioned whether an owner-operator’s skills fitted the holding-company role; UBS saw potential in the Bloisi–Tu combination. These were attributed appointment-time assessments, not findings of misconduct.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedErvin Tu — Naspers Limited. Capacity: Interim chief executive following van Dijk’s departure. Period: Historical group investment role; interim CEO September 2023–June 2024, president/CIO after that; June 2025 report of departure has no precise completion date here.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Joining a group, being its CFO and becoming a statutory director are different events. Marais’ Naspers directorship was effective with his permanent appointment; the announcement anticipated a separate Prosus appointment after shareholder approval. Aggregator dates that differ by a day or incorrectly place all appointments in December 2024 are not adopted.

response

The board praised Bloisi’s operating experience and discipline. Jefferies analysts preferred a capital allocator and questioned whether an owner-operator’s skills fitted the holding-company role; UBS saw potential in the Bloisi–Tu combination. These were attributed appointment-time assessments, not findings of misconduct.

attributedJacobus Petrus (Koos) Bekker — Naspers Limited. Capacity: Board chair. Period: Naspers chair from April 2015; Prosus separately listed from 2019; planned retirement in financial year ending March 2028 is future.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedBob van Dijk — Naspers Limited. Capacity: Former CEO associated with disputed remuneration vote. Period: CEO and board mandate ended 18 September 2023; transitional adviser until 30 September 2024.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Joining a group, being its CFO and becoming a statutory director are different events. Marais’ Naspers directorship was effective with his permanent appointment; the announcement anticipated a separate Prosus appointment after shareholder approval. Aggregator dates that differ by a day or incorrectly place all appointments in December 2024 are not adopted. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

response

The board praised Bloisi’s operating experience and discipline. Jefferies analysts preferred a capital allocator and questioned whether an owner-operator’s skills fitted the holding-company role; UBS saw potential in the Bloisi–Tu combination. These were attributed appointment-time assessments, not findings of misconduct.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedLynelle Bagwandeen — Naspers Limited. Capacity: Information officer. Period: Source recorded 2021-05; underlying appointment or transaction date and later status are not inferred from retrieval. ²¹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedFabricio Bloisi Rocha — Naspers Limited. Capacity: Chief executive. Period: Group CEO from 1 July 2024; later record may separately concern committee or award capacity.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff. Joining a group, being its CFO and becoming a statutory director are different events. Marais’ Naspers directorship was effective with his permanent appointment; the announcement anticipated a separate Prosus appointment after shareholder approval. Aggregator dates that differ by a day or incorrectly place all appointments in December 2024 are not adopted.

response

The board praised Bloisi’s operating experience and discipline. Jefferies analysts preferred a capital allocator and questioned whether an owner-operator’s skills fitted the holding-company role; UBS saw potential in the Bloisi–Tu combination. These were attributed appointment-time assessments, not findings of misconduct.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedW.A. Hofmeyr — Naspers Limited. Capacity: Founder of predecessor publishing business. Period: Source gives 1915; exact start and later status depend on the cited record. ³²

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedTheunissen (Ton) Vosloo — Naspers Limited. Capacity: Historical managing director. Period: Managing director from 1984 and recorded in the reported August 1989 letter; exact end of this capacity not established.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Historical corporate responsibility should be described with dated evidence. It does not justify attributing wrongdoing to present employees through family, ethnicity or unrelated professional associations. Weak opinion-based claims about private family relationships are excluded from the accepted network.

response

In an official statement on 16 June 2020, then CEO Bob van Dijk acknowledged Naspers’ indefensible apartheid role, described an added responsibility to help create a more equitable society and affirmed support for democratic ideals. This later acknowledgment belongs beside the historical record, without being treated as proof of every present practice.

attributedDebra Meyer — Naspers Limited. Capacity: Director. Period: Source gives 2009-11-24; exact start and later status depend on the cited record. ³³

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedRachel Catharina Cornelia Jafta — Naspers Limited. Capacity: Director. Period: Source gives 2003-10-22; exact start and later status depend on the cited record. ³³

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedCraig Lawrence Enenstein — Naspers Limited. Capacity: Director. Period: Source gives 2013-10-15; exact start and later status depend on the cited record. ³³

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedPhuthi Mahanyele-Dabengwa — Naspers Limited. Capacity: South Africa chief executive. Period: Source gives 2019-07-02; exact start and later status depend on the cited record. ³³

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedBob van Dijk — Allegro. Capacity: Historical divisional chief executive. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹¹⁶

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedBob van Dijk — eBay. Capacity: Prior employment. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹¹⁶

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedBob van Dijk — McKinsey & Company. Capacity: Former associate. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹¹⁶

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedMohamed (Imtiaz) Ahmed Patel — Naspers Limited. Capacity: Historical chief executive of video-entertainment segment. Period: Source recorded 2023; underlying appointment or transaction date and later status are not inferred from retrieval. ¹¹⁹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedMohamed (Imtiaz) Ahmed Patel — MultiChoice Group Limited. Capacity: Board chair in dated MultiChoice disclosure. Period: Source gives 2018-12-06; exact start and later status depend on the cited record. ¹¹⁹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedJohn James (Jim) Volkwyn — Naspers Limited. Capacity: Former chief executive of global video-entertainment segment. Period: Ended by 2014. ¹¹⁹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedTimothy Neil (Tim) Jacobs — Naspers Limited. Capacity: Historical finance chief of video-entertainment segment. Period: Source recorded 2023; underlying appointment or transaction date and later status are not inferred from retrieval. ¹¹⁹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedTimothy Neil (Tim) Jacobs — MultiChoice Group Limited. Capacity: Chief financial officer in dated MultiChoice disclosure. Period: Source gives 2018-12-06; exact start and later status depend on the cited record. ¹¹⁹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedVasileios (Basil) Sgourdos — Naspers Limited. Capacity: Group chief financial officer. Period: CFO and executive mandate ended 30 November 2024.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Joining a group, being its CFO and becoming a statutory director are different events. Marais’ Naspers directorship was effective with his permanent appointment; the announcement anticipated a separate Prosus appointment after shareholder approval. Aggregator dates that differ by a day or incorrectly place all appointments in December 2024 are not adopted. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

response

The board praised Bloisi’s operating experience and discipline. Jefferies analysts preferred a capital allocator and questioned whether an owner-operator’s skills fitted the holding-company role; UBS saw potential in the Bloisi–Tu combination. These were attributed appointment-time assessments, not findings of misconduct.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedVasileios (Basil) Sgourdos — Nico Marais. Capacity: Succeeded by Nico Marais as interim CFO. Period: December 2024 succession. ¹²⁰

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedPhuthi Mahanyele-Dabengwa — Vodacom Group. Capacity: Independent non-executive director. Period: Source recorded 2024-12-02; underlying appointment or transaction date and later status are not inferred from retrieval. ¹²⁰

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedPhuthi Mahanyele-Dabengwa — Discovery Insure. Capacity: Independent non-executive director. Period: Source recorded 2024-12-02; underlying appointment or transaction date and later status are not inferred from retrieval. ¹²⁰

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedPedro Dornelles Arnt — MercadoLibre. Capacity: Former executive vice-president and CFO; joined company earlier. Period: Joined MercadoLibre in 1999; later EVP/CFO role ended in 2023. ¹²¹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedPedro Dornelles Arnt — Boston Consulting Group. Capacity: Employment before MercadoLibre. Period: Source recorded 2026-08-11; underlying appointment or transaction date and later status are not inferred from retrieval. ¹²¹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedPedro Dornelles Arnt — Prosus N.V.. Capacity: Nominated independent non-executive director. Period: Source gives 2026-08; exact start and later status depend on the cited record. ¹²¹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedFrancis Lehlohonolo Napo (Nolo) Letele — MultiChoice Group Limited. Capacity: Non-executive director; formerly CEO and executive chair. Period: Source gives 2018-12-06; exact start and later status depend on the cited record. ¹²²

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedFrancis Lehlohonolo Napo (Nolo) Letele — Naspers Limited. Capacity: Director. Period: Source recorded 2021; underlying appointment or transaction date and later status are not inferred from retrieval. ¹²²

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedFrancis Lehlohonolo Napo (Nolo) Letele — Specialised Insurance Company. Capacity: Director. Period: Source recorded 2021; underlying appointment or transaction date and later status are not inferred from retrieval. ¹²²

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedJohn James (Jim) Volkwyn — MultiChoice Group Limited. Capacity: Independent non-executive director. Period: Source gives 2018-12-06; exact start and later status depend on the cited record. ¹²²

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedLynelle Bagwandeen — Keeromstraat 30 Beleggings (RF) Limited. Capacity: Company secretary. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹⁵

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedStephan Johannes Zymon (Steve) Pacak — Keeromstraat 30 Beleggings (RF) Limited. Capacity: Director. Period: Historical mandate; group CFO ended 30 June 2014; later board roles ended no later than his death on 20 April 2026. ^{15 44 25}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedDenise Vos — Naspers Limited. Capacity: Head of secretariat and intellectual property; affidavit author. Period: Source recorded 2017-06-08; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Permission to investigate or intervene is not a ruling accepting Caxton’s ultimate-control theory. The 2014 transaction was subsequently abandoned. In the later Novus proceeding, the Tribunal denied intervention on the remaining control issue because divestiture conditions removed it from the merger’s consideration.

response

Naspers’ companies argued that reducing Media24’s interest and ending control of Novus made a wider enquiry unnecessary; they offered to reduce the stake further if 19% still conferred control. The Commission’s interpretation differed from Caxton’s on the significance of Wheatfields.

outcome

The 2017 Tribunal decision approved the transaction subject to conditions that reduced Media24 to no more than 19% and addressed contractual and information-sharing concerns. It did not resolve every general allegation about Naspers’ ultimate control.

attributedStephan Johannes Zymon (Steve) Pacak — Naspers Limited. Capacity: Former CFO, subsequently non-executive director. Period: Historical mandate; group CFO ended 30 June 2014; later board roles ended no later than his death on 20 April 2026.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Joining a group, being its CFO and becoming a statutory director are different events. Marais’ Naspers directorship was effective with his permanent appointment; the announcement anticipated a separate Prosus appointment after shareholder approval. Aggregator dates that differ by a day or incorrectly place all appointments in December 2024 are not adopted. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

response

The board praised Bloisi’s operating experience and discipline. Jefferies analysts preferred a capital allocator and questioned whether an owner-operator’s skills fitted the holding-company role; UBS saw potential in the Bloisi–Tu combination. These were attributed appointment-time assessments, not findings of misconduct.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedJacobus Petrus (Koos) Bekker — Naspers Limited. Capacity: Former chief executive. Period: Historical Naspers CEO mandate, 1997–31 March 2014.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedBob van Dijk — Naspers Limited. Capacity: Group chief executive. Period: CEO and board mandate ended 18 September 2023; transitional adviser until 30 September 2024.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Joining a group, being its CFO and becoming a statutory director are different events. Marais’ Naspers directorship was effective with his permanent appointment; the announcement anticipated a separate Prosus appointment after shareholder approval. Aggregator dates that differ by a day or incorrectly place all appointments in December 2024 are not adopted. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

response

The board praised Bloisi’s operating experience and discipline. Jefferies analysts preferred a capital allocator and questioned whether an owner-operator’s skills fitted the holding-company role; UBS saw potential in the Bloisi–Tu combination. These were attributed appointment-time assessments, not findings of misconduct.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedMark Remon Sorour — Naspers Limited. Capacity: Historical alternate executive director. Period: Group employment began 1994; investment/executive role ended 31 March 2018; non-executive board service continued; historical snapshot, not a current roster. ^{44 107}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedJacobus Petrus (Koos) Bekker — Naspers Limited. Capacity: Non-executive chair donating disclosed fees. Period: Naspers chair from April 2015; Prosus separately listed from 2019; planned retirement in financial year ending March 2028 is future.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedHendrik Jacobus du Toit — Naspers Limited. Capacity: Non-executive director receiving no disclosed fees. Period: Source recorded 2024-03-31; underlying appointment or transaction date and later status are not inferred from retrieval. ⁴⁵

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedBob van Dijk — Naspers Limited. Capacity: Former CEO followed by transition adviser. Period: CEO and board mandate ended 18 September 2023; transitional adviser until 30 September 2024.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Joining a group, being its CFO and becoming a statutory director are different events. Marais’ Naspers directorship was effective with his permanent appointment; the announcement anticipated a separate Prosus appointment after shareholder approval. Aggregator dates that differ by a day or incorrectly place all appointments in December 2024 are not adopted.

response

The board praised Bloisi’s operating experience and discipline. Jefferies analysts preferred a capital allocator and questioned whether an owner-operator’s skills fitted the holding-company role; UBS saw potential in the Bloisi–Tu combination. These were attributed appointment-time assessments, not findings of misconduct.

attributedFabricio Bloisi Rocha — Naspers Limited. Capacity: Group chief executive. Period: Group CEO from 1 July 2024; later record may separately concern committee or award capacity.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff. Joining a group, being its CFO and becoming a statutory director are different events. Marais’ Naspers directorship was effective with his permanent appointment; the announcement anticipated a separate Prosus appointment after shareholder approval. Aggregator dates that differ by a day or incorrectly place all appointments in December 2024 are not adopted.

response

The board praised Bloisi’s operating experience and discipline. Jefferies analysts preferred a capital allocator and questioned whether an owner-operator’s skills fitted the holding-company role; UBS saw potential in the Bloisi–Tu combination. These were attributed appointment-time assessments, not findings of misconduct.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedStephan Johannes Zymon (Steve) Pacak — Naspers Limited. Capacity: Director. Period: Historical mandate; group CFO ended 30 June 2014; later board roles ended no later than his death on 20 April 2026.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedMark Remon Sorour — Naspers Limited. Capacity: Director. Period: Source gives 2015-03-01; exact start and later status depend on the cited record.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedSharmistha (Shar) Dubey — Naspers Limited. Capacity: Audit member; later interim audit chair. Period: Source gives 2022-03-31; exact start and later status depend on the cited record.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedErvin Tu — Prosus N.V.. Capacity: Former group president and chief investment officer. Period: Historical group investment role; interim CEO September 2023–June 2024, president/CIO after that; June 2025 report of departure has no precise completion date here.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff. Joining a group, being its CFO and becoming a statutory director are different events. Marais’ Naspers directorship was effective with his permanent appointment; the announcement anticipated a separate Prosus appointment after shareholder approval. Aggregator dates that differ by a day or incorrectly place all appointments in December 2024 are not adopted.

response

The board praised Bloisi’s operating experience and discipline. Jefferies analysts preferred a capital allocator and questioned whether an owner-operator’s skills fitted the holding-company role; UBS saw potential in the Bloisi–Tu combination. These were attributed appointment-time assessments, not findings of misconduct.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedFabricio Bloisi Rocha — Naspers Limited. Capacity: Group chief executive with final investment responsibility. Period: Announced 17 May 2024; group CEO effective 1 July 2024.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Joining a group, being its CFO and becoming a statutory director are different events. Marais’ Naspers directorship was effective with his permanent appointment; the announcement anticipated a separate Prosus appointment after shareholder approval. Aggregator dates that differ by a day or incorrectly place all appointments in December 2024 are not adopted.

response

The board praised Bloisi’s operating experience and discipline. Jefferies analysts preferred a capital allocator and questioned whether an owner-operator’s skills fitted the holding-company role; UBS saw potential in the Bloisi–Tu combination. These were attributed appointment-time assessments, not findings of misconduct.

attributedJacobus Petrus (Koos) Bekker — Naspers Limited. Capacity: Board chair announcing group leadership appointment. Period: Source recorded 2024-05-17; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Joining a group, being its CFO and becoming a statutory director are different events. Marais’ Naspers directorship was effective with his permanent appointment; the announcement anticipated a separate Prosus appointment after shareholder approval. Aggregator dates that differ by a day or incorrectly place all appointments in December 2024 are not adopted.

response

The board praised Bloisi’s operating experience and discipline. Jefferies analysts preferred a capital allocator and questioned whether an owner-operator’s skills fitted the holding-company role; UBS saw potential in the Bloisi–Tu combination. These were attributed appointment-time assessments, not findings of misconduct.

attributedSharmistha (Shar) Dubey — Match Group, Inc.. Capacity: Match director; CEO only during 2020–2022. Period: Director since 2019; any combined CEO capacity ended in 2022. ^{123 124 108}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. A continuing Match board connection is not a continuing CEO mandate. The Fortive chair transition and Alan Spoon’s later planned retirement from the board are separate dates. Historical employer and outside-board connections explain experience; they do not make those businesses Naspers subsidiaries or participants in its disputes.

attributedSharmistha (Shar) Dubey — Naspers Limited. Capacity: Director. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ^{123 124 108}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. A continuing Match board connection is not a continuing CEO mandate. The Fortive chair transition and Alan Spoon’s later planned retirement from the board are separate dates. Historical employer and outside-board connections explain experience; they do not make those businesses Naspers subsidiaries or participants in its disputes.

attributedSharmistha (Shar) Dubey — Prosus N.V.. Capacity: Director. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ^{123 124 108}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. A continuing Match board connection is not a continuing CEO mandate. The Fortive chair transition and Alan Spoon’s later planned retirement from the board are separate dates. Historical employer and outside-board connections explain experience; they do not make those businesses Naspers subsidiaries or participants in its disputes.

attributedSharmistha (Shar) Dubey — Texas Instruments. Capacity: Former engineer. Period: Source gives 1998; exact start and later status depend on the cited record. ^{123 124 108}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. A continuing Match board connection is not a continuing CEO mandate. The Fortive chair transition and Alan Spoon’s later planned retirement from the board are separate dates. Historical employer and outside-board connections explain experience; they do not make those businesses Naspers subsidiaries or participants in its disputes.

attributedSharmistha (Shar) Dubey — i2 technologies. Capacity: Former product director. Period: Ended by 2006. ^{123 124 108}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. A continuing Match board connection is not a continuing CEO mandate. The Fortive chair transition and Alan Spoon’s later planned retirement from the board are separate dates. Historical employer and outside-board connections explain experience; they do not make those businesses Naspers subsidiaries or participants in its disputes.

attributedSharmistha (Shar) Dubey — Match.com. Capacity: Historical Chemistry product leadership. Period: Source gives 2006; exact start and later status depend on the cited record. ^{123 124 108}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. A continuing Match board connection is not a continuing CEO mandate. The Fortive chair transition and Alan Spoon’s later planned retirement from the board are separate dates. Historical employer and outside-board connections explain experience; they do not make those businesses Naspers subsidiaries or participants in its disputes.

attributedSharmistha (Shar) Dubey — Advent International. Capacity: Operating partner. Period: Source gives 2022-10; exact start and later status depend on the cited record. ^{123 124 108}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. A continuing Match board connection is not a continuing CEO mandate. The Fortive chair transition and Alan Spoon’s later planned retirement from the board are separate dates. Historical employer and outside-board connections explain experience; they do not make those businesses Naspers subsidiaries or participants in its disputes.

attributedSharmistha (Shar) Dubey — Fortive Corporation. Capacity: Director. Period: Director since 2020; chair effective 29 January 2025; other committee capacities retain their dated source scope. ^{123 124 108}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. A continuing Match board connection is not a continuing CEO mandate. The Fortive chair transition and Alan Spoon’s later planned retirement from the board are separate dates. Historical employer and outside-board connections explain experience; they do not make those businesses Naspers subsidiaries or participants in its disputes.

attributedErvin Tu — Naspers Limited. Capacity: Former interim chief executive. Period: Historical group investment role; interim CEO September 2023–June 2024, president/CIO after that; June 2025 report of departure has no precise completion date here.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Joining a group, being its CFO and becoming a statutory director are different events. Marais’ Naspers directorship was effective with his permanent appointment; the announcement anticipated a separate Prosus appointment after shareholder approval. Aggregator dates that differ by a day or incorrectly place all appointments in December 2024 are not adopted. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

response

The board praised Bloisi’s operating experience and discipline. Jefferies analysts preferred a capital allocator and questioned whether an owner-operator’s skills fitted the holding-company role; UBS saw potential in the Bloisi–Tu combination. These were attributed appointment-time assessments, not findings of misconduct.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedRobert Roux — Wheatfields Investments No 221. Capacity: Director. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. These are dated indirect holdings and share counts, before the October 2025 Naspers subdivision. The disclosed 25% interests support the historical economic connection but do not by themselves determine who controlled every Naspers vote. Caxton’s asserted Sanlam–Sholto–Goedgedacht chain is retained as its attributed account, distinct from the company’s own indirect-interest disclosure. A later retirement does not establish disposal of a person’s investments. The 2006 statement’s description of control and voting rights is a dated company account. Later Commission analysis and Caxton’s competing interpretation should not be silently replaced by it. Payments made in an acquisition are historical transactions, not continuing executive mandates.

response

Bekker said the arrangement was intended to preserve Naspers’ independence and ability to operate internationally. The reported hostile PSG-led proposal illustrated the disparity between a tiny economic percentage and a much larger voting interest.

attributedFrancois Johannes Kellerman — Wheatfields Investments No 221. Capacity: Director. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. These are dated indirect holdings and share counts, before the October 2025 Naspers subdivision. The disclosed 25% interests support the historical economic connection but do not by themselves determine who controlled every Naspers vote. Caxton’s asserted Sanlam–Sholto–Goedgedacht chain is retained as its attributed account, distinct from the company’s own indirect-interest disclosure. A later retirement does not establish disposal of a person’s investments. The 2006 statement’s description of control and voting rights is a dated company account. Later Commission analysis and Caxton’s competing interpretation should not be silently replaced by it. Payments made in an acquisition are historical transactions, not continuing executive mandates.

response

Bekker said the arrangement was intended to preserve Naspers’ independence and ability to operate internationally. The reported hostile PSG-led proposal illustrated the disparity between a tiny economic percentage and a much larger voting interest.

attributedJacobus Petrus (Koos) Bekker — Tencent Holdings Limited. Capacity: Director. Period: Source gives 2012-11-13; exact start and later status depend on the cited record. ⁵⁰

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedJacobus Petrus (Koos) Bekker — Prosus N.V.. Capacity: Board chair. Period: Naspers chair from April 2015; Prosus separately listed from 2019; planned retirement in financial year ending March 2028 is future.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedJacobus Petrus (Koos) Bekker — MTN Group Limited. Capacity: Co-founder in career account. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ⁵⁰

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedJacobus Petrus (Koos) Bekker — MIH Holdings Proprietary Limited. Capacity: Former MIH chief executive. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ⁵⁰

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedJacobus Petrus (Koos) Bekker — Naspers Limited. Capacity: Former Naspers chief executive. Period: Historical Naspers CEO mandate, 1997–31 March 2014.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedJacobus du Toit (Cobus) Stofberg — Prosus N.V.. Capacity: Director. Period: Historical board mandate; retired 19 August 2025.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff. Joining a group, being its CFO and becoming a statutory director are different events. Marais’ Naspers directorship was effective with his permanent appointment; the announcement anticipated a separate Prosus appointment after shareholder approval. Aggregator dates that differ by a day or incorrectly place all appointments in December 2024 are not adopted.

response

The board praised Bloisi’s operating experience and discipline. Jefferies analysts preferred a capital allocator and questioned whether an owner-operator’s skills fitted the holding-company role; UBS saw potential in the Bloisi–Tu combination. These were attributed appointment-time assessments, not findings of misconduct.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedJacobus du Toit (Cobus) Stofberg — MIH Holdings Proprietary Limited. Capacity: Former MIH chief executive. Period: Ended by 2011-03-31. ¹²⁶

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedFabricio Bloisi Rocha — Itaú Unibanco Holding SA. Capacity: Independent director. Period: Source gives 2023; exact start and later status depend on the cited record. ⁶⁵

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedFabricio Bloisi Rocha — iFood. Capacity: Former iFood chief executive. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ⁶⁵

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedFabricio Bloisi Rocha — Prosus N.V.. Capacity: Group chief executive. Period: Group CEO from 1 July 2024; later record may separately concern committee or award capacity.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff. Joining a group, being its CFO and becoming a statutory director are different events. Marais’ Naspers directorship was effective with his permanent appointment; the announcement anticipated a separate Prosus appointment after shareholder approval. Aggregator dates that differ by a day or incorrectly place all appointments in December 2024 are not adopted. These are attributed governance criticisms, not regulatory findings or proof of a US$100 million payment. Prosus and Naspers have separate voting results. Advisers to investors are not thereby advisers engaged by the company, and asset-manager voting disclosures do not identify a personal beneficial owner of all managed shares.

response

The board praised Bloisi’s operating experience and discipline. Jefferies analysts preferred a capital allocator and questioned whether an owner-operator’s skills fitted the holding-company role; UBS saw potential in the Bloisi–Tu combination. These were attributed appointment-time assessments, not findings of misconduct. Naspers says its remuneration chair engages investors regularly and that it remains open to dialogue. Its policy makes the moonshot conditional on doubling the combined dollar market value, maintaining that value for a further period and beating median peer shareholder returns. Malus and clawback provisions also apply.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions. The 2026 Naspers resolutions passed despite substantial N-class opposition. The company said the discount-linked component of short-term incentives paid zero, while the moonshot remained conditional. These distinctions are retained beside the criticism.

attributedFabricio Bloisi Rocha — Itaú Unibanco Holding SA. Capacity: Director. Period: Source gives 2022-12-31; exact start and later status depend on the cited record. ⁶⁵

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedNico Marais — Naspers Limited. Capacity: Chief financial officer; statutory directorship has separate effective date. Period: Interim CFO from December 2024; permanent CFO from 29 April 2025; Naspers directorship effective then, Prosus appointment separately subject to approval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Joining a group, being its CFO and becoming a statutory director are different events. Marais’ Naspers directorship was effective with his permanent appointment; the announcement anticipated a separate Prosus appointment after shareholder approval. Aggregator dates that differ by a day or incorrectly place all appointments in December 2024 are not adopted. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

response

The board praised Bloisi’s operating experience and discipline. Jefferies analysts preferred a capital allocator and questioned whether an owner-operator’s skills fitted the holding-company role; UBS saw potential in the Bloisi–Tu combination. These were attributed appointment-time assessments, not findings of misconduct.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedNico Marais — Prosus N.V.. Capacity: Chief financial officer; statutory directorship has separate effective date. Period: Interim CFO from December 2024; permanent CFO from 29 April 2025; Naspers directorship effective then, Prosus appointment separately subject to approval.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Joining a group, being its CFO and becoming a statutory director are different events. Marais’ Naspers directorship was effective with his permanent appointment; the announcement anticipated a separate Prosus appointment after shareholder approval. Aggregator dates that differ by a day or incorrectly place all appointments in December 2024 are not adopted. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

response

The board praised Bloisi’s operating experience and discipline. Jefferies analysts preferred a capital allocator and questioned whether an owner-operator’s skills fitted the holding-company role; UBS saw potential in the Bloisi–Tu combination. These were attributed appointment-time assessments, not findings of misconduct.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedPedro Dornelles Arnt — MELI Kaszek Pioneer Corp. Capacity: Chief executive. Period: Source gives 2021-06-16; exact start and later status depend on the cited record. ⁶⁶

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedPedro Dornelles Arnt — Allegro.eu SA. Capacity: Director. Period: Source gives 2022-06-19; exact start and later status depend on the cited record. ⁶⁶

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedPedro Dornelles Arnt — dLocal. Capacity: Chief executive. Period: Source gives 2023-08-14; exact start and later status depend on the cited record. ⁶⁶

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedPedro Dornelles Arnt — Prosus N.V.. Capacity: Director. Period: Prosus board appointment in retained August 2026 records; initial nomination and later reported appointment distinguished, exact effective day not resolved. ^{66 56}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedPedro Dornelles Arnt — Naspers Limited. Capacity: Director. Period: Naspers director from 10 August 2026; audit committee retained after September refresh, earlier risk membership not a current September mandate.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedPedro Dornelles Arnt — Meli Participaciones SL. Capacity: Director. Period: Source gives 2012-05-06; exact start and later status depend on the cited record. ⁶⁶

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedPedro Dornelles Arnt — MercadoLibre. Capacity: Former chief financial officer. Period: Ended by 2023-08-09. ⁶⁶

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedPedro Dornelles Arnt — Allegro. Capacity: Former director in aggregator career account. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ⁶⁶

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedVasileios (Basil) Sgourdos — MIH Russia Internet BV. Capacity: Director. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹¹⁵

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedVasileios (Basil) Sgourdos — MIH Holdings Proprietary Limited. Capacity: Former finance manager. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹¹⁵

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedVasileios (Basil) Sgourdos — MIH BV. Capacity: Former chief financial officer. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹¹⁵

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedVasileios (Basil) Sgourdos — United Broadcasting Corp.. Capacity: Former chief financial officer. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹¹⁵

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedVasileios (Basil) Sgourdos — Multichoice Africa (Pty) Ltd.. Capacity: Former finance manager. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹¹⁵

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedVasileios (Basil) Sgourdos — MIH Russia Internet BV. Capacity: Director. Period: Source gives 2011-02-07; exact start and later status depend on the cited record. ¹¹⁵

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedVasileios (Basil) Sgourdos — United Broadcasting Corp.. Capacity: Former chief financial officer. Period: Ended by 2006-12-31. ¹¹⁵

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedPhuthi Mahanyele-Dabengwa — Sigma Capital. Capacity: Founder. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹²⁹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedPhuthi Mahanyele-Dabengwa — Bain & Company South Africa, Inc.. Capacity: Chair in career account. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹²⁹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedPhuthi Mahanyele-Dabengwa — Gigajoule Africa (Pty) Ltd.. Capacity: Chair in career account. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹²⁹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedPhuthi Mahanyele-Dabengwa — Vodacom Group. Capacity: Independent non-executive director. Period: Source gives 2019; exact start and later status depend on the cited record. ¹²⁹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedPhuthi Mahanyele-Dabengwa — Optimum Coal Mine (Pty) Ltd.. Capacity: Director. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹²⁹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedPhuthi Mahanyele-Dabengwa — HTN Towers Plc. Capacity: Director. Period: Source gives 2013; exact start and later status depend on the cited record. ¹²⁹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedPhuthi Mahanyele-Dabengwa — Kagiso Shanduka Trust. Capacity: Trustee. Period: Source gives 2017; exact start and later status depend on the cited record. ¹²⁹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedPhuthi Mahanyele-Dabengwa — Naspers Limited. Capacity: Executive director and South Africa chief executive. Period: Source gives 2025; exact start and later status depend on the cited record. ¹²⁹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedPhuthi Mahanyele-Dabengwa — Shanduka Group. Capacity: Former chief executive. Period: 2010–2015. ¹²⁹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedPhuthi Mahanyele-Dabengwa — Pan African Resources Plc. Capacity: Deputy chair. Period: 2012–2015. ¹²⁹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedPhuthi Mahanyele-Dabengwa — Cyril Ramaphosa Foundation. Capacity: Deputy chair. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹²⁹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedPhuthi Mahanyele-Dabengwa — Sibanye UK Ltd.. Capacity: Former non-executive director. Period: 2013–2015. ¹²⁹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedPhuthi Mahanyele-Dabengwa — Vodacom Group. Capacity: Director. Period: Source gives 2018-12-31; exact start and later status depend on the cited record. ¹²⁹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedPhuthi Mahanyele-Dabengwa — Prosus N.V.. Capacity: Director. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹²⁹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedHendrik Jacobus du Toit — Investec Asset Management Holdings Pty Ltd.. Capacity: Director or board member. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ⁶⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedHendrik Jacobus du Toit — Investec Plc. Capacity: Former joint chief executive and director. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ⁶⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedHendrik Jacobus du Toit — Naspers Limited. Capacity: Director or board member. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ⁶⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedHendrik Jacobus du Toit — Prosus N.V.. Capacity: Director or board member. Period: Earlier group-company tenure in aggregator; Prosus listing began 2019, exact predecessor mandate not resolved. ⁶⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedHendrik Jacobus du Toit — Ninety One Group. Capacity: Founder of investment-management predecessor business. Period: Source gives 1990-12-31; exact start and later status depend on the cited record. ⁶⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedCaroline Greer — Prosus N.V.. Capacity: Accredited European Parliament lobby representative. Period: Reported accreditation from 26 May 2026 with scheduled expiry 26 May 2027; expiry was future at the September 2026 cutoff. ^{63 130 131}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Attendance at the same policy meeting is not proof that one participant retained another as a consultant or that they were corporate affiliates. Lobbying figures are tied to their reporting period; a 2019 expense is not a current annual budget. Declared advocacy is not itself evidence of unlawful influence.

attributedPhuthi Mahanyele-Dabengwa — SA BRICS Business Council. Capacity: Business-council member. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹¹¹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedPhuthi Mahanyele-Dabengwa — Naspers Limited. Capacity: South Africa chief executive. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹¹¹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedPhuthi Mahanyele-Dabengwa — Cyril Ramaphosa Foundation. Capacity: Director or board member. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹¹¹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedPhuthi Mahanyele-Dabengwa — Kagiso Shanduka Trust. Capacity: Trustee; previously audit-and-risk-committee chair. Period: Source gives 2017; exact start and later status depend on the cited record. ¹¹¹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedPhuthi Mahanyele-Dabengwa — Gold Fields. Capacity: Former director. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹¹¹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedPhuthi Mahanyele-Dabengwa — Discovery Insure. Capacity: Former director. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹¹¹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedMark Remon Sorour — VK Company Limited. Capacity: Director or board member. Period: Historical VK board mandate; ended 3 March 2022. ¹³²

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedMark Remon Sorour — Prosus N.V.. Capacity: Director or board member. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹³²

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedMark Remon Sorour — Naspers Limited. Capacity: Director or board member. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹³²

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedCraig Lawrence Enenstein — Indo-European Foods, Inc.. Capacity: Director or board member. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹³³

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedCraig Lawrence Enenstein — SPM Marketing & Communications LLC. Capacity: Director or board member. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹³³

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedCraig Lawrence Enenstein — SCI Floor Covering, Inc.. Capacity: Director or board member. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹³³

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedCraig Lawrence Enenstein — Omninet Capital. Capacity: Former investment director. Period: 2002–2005. ¹³³

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedCraig Lawrence Enenstein — Liberty Digital, Inc.. Capacity: Former principal. Period: 1999–2002. ¹³³

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedCraig Lawrence Enenstein — OpenTV, Inc.. Capacity: Former director. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹³³

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedErvin Tu — SoftBank Capital Partners LLC. Capacity: Former managing partner in career account. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹³⁴

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedErvin Tu — SB Investment Advisers (UK) Ltd.. Capacity: Former managing partner in career account. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹³⁴

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedErvin Tu — Naspers Limited. Capacity: Former group head of investments, strategy and M&A. Period: Historical group investment role; interim CEO September 2023–June 2024, president/CIO after that; June 2025 report of departure has no precise completion date here.

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Joining a group, being its CFO and becoming a statutory director are different events. Marais’ Naspers directorship was effective with his permanent appointment; the announcement anticipated a separate Prosus appointment after shareholder approval. Aggregator dates that differ by a day or incorrectly place all appointments in December 2024 are not adopted. Old biographies and directories remain in the archive after departures. They do not prove a continuing mandate. Bekker’s announced plan to leave the chair during the financial year ending March 2028 is a future transition, not a completed retirement at the September 2026 cutoff.

response

The board praised Bloisi’s operating experience and discipline. Jefferies analysts preferred a capital allocator and questioned whether an owner-operator’s skills fitted the holding-company role; UBS saw potential in the Bloisi–Tu combination. These were attributed appointment-time assessments, not findings of misconduct.

outcome

From 14 September 2026, the audit committee comprised interim chair Shar Dubey, Angelien Kemna, Manisha Girotra and Pedro Arnt. The risk committee comprised interim chair Kemna, Rachel Jafta, Arnold Goldberg, Fabricio Bloisi and Nico Marais. This later roster takes precedence over earlier committee descriptions.

attributedLynelle Bagwandeen — Netcare Limited. Capacity: Former company secretary and general counsel. Period: 2011–2020. ¹³⁵

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedLynelle Bagwandeen — Hospital Association of South Africa. Capacity: Director or board member. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹³⁵

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedLynelle Bagwandeen — Chartered Governance Institute of Southern Africa. Capacity: Director and senior vice-president. Period: Source gives 2020; exact start and later status depend on the cited record. ¹³⁵

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedStephan Johannes Zymon (Steve) Pacak — Media24 Proprietary Limited. Capacity: Director or board member. Period: Historical mandate; group CFO ended 30 June 2014; later board roles ended no later than his death on 20 April 2026. ^{44 25 54}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedStephan Johannes Zymon (Steve) Pacak — MIH (Mauritius) Ltd.. Capacity: Director or board member. Period: Historical mandate; group CFO ended 30 June 2014; later board roles ended no later than his death on 20 April 2026. ^{44 25 54}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedStephan Johannes Zymon (Steve) Pacak — MIH BV. Capacity: Director or board member. Period: Historical mandate; group CFO ended 30 June 2014; later board roles ended no later than his death on 20 April 2026. ^{44 25 54}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedStephan Johannes Zymon (Steve) Pacak — MIH Holdings Proprietary Limited. Capacity: Director or board member. Period: Historical mandate; group CFO ended 30 June 2014; later board roles ended no later than his death on 20 April 2026. ^{44 25 54}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedStephan Johannes Zymon (Steve) Pacak — MultiChoice South Africa Holdings Proprietary Limited. Capacity: Director or board member. Period: Historical mandate; group CFO ended 30 June 2014; later board roles ended no later than his death on 20 April 2026. ^{44 25 54}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedStephan Johannes Zymon (Steve) Pacak — MultiChoice Group Limited. Capacity: Former independent non-executive director. Period: Historical mandate; group CFO ended 30 June 2014; later board roles ended no later than his death on 20 April 2026. ^{44 25 54}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedSharmistha (Shar) Dubey — Match Group, Inc.. Capacity: Director; former CEO during 2020–2022. Period: Director since 2019; any combined CEO capacity ended in 2022. ^{123 124 108}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. A continuing Match board connection is not a continuing CEO mandate. The Fortive chair transition and Alan Spoon’s later planned retirement from the board are separate dates. Historical employer and outside-board connections explain experience; they do not make those businesses Naspers subsidiaries or participants in its disputes.

attributedSharmistha (Shar) Dubey — Fortive Corporation. Capacity: Director or board member. Period: Director since 2020; chair effective 29 January 2025; other committee capacities retain their dated source scope. ^{123 124 108}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. A continuing Match board connection is not a continuing CEO mandate. The Fortive chair transition and Alan Spoon’s later planned retirement from the board are separate dates. Historical employer and outside-board connections explain experience; they do not make those businesses Naspers subsidiaries or participants in its disputes.

attributedSharmistha (Shar) Dubey — Tinder, Inc.. Capacity: Former chief operating officer. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ^{123 124 108}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. A continuing Match board connection is not a continuing CEO mandate. The Fortive chair transition and Alan Spoon’s later planned retirement from the board are separate dates. Historical employer and outside-board connections explain experience; they do not make those businesses Naspers subsidiaries or participants in its disputes.

attributedSharmistha (Shar) Dubey — Affinity Apps LLC. Capacity: President in career account. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ^{123 124 108}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. A continuing Match board connection is not a continuing CEO mandate. The Fortive chair transition and Alan Spoon’s later planned retirement from the board are separate dates. Historical employer and outside-board connections explain experience; they do not make those businesses Naspers subsidiaries or participants in its disputes.

attributedFabricio Bloisi Rocha — iFood. Capacity: Historical iFood chair and shareholder in biographical account. Period: Source recorded 2024-05-20; underlying appointment or transaction date and later status are not inferred from retrieval. ⁵⁵

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedManisha Girotra — Moelis & Company India Pvt Ltd.. Capacity: Chief executive and managing director, India. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹⁰⁹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedManisha Girotra — Jio Payments Bank Limited. Capacity: Independent director. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹⁰⁹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedManisha Girotra — Sona BLW Precision Forgings Ltd.. Capacity: Independent non-executive director. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹⁰⁹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedManisha Girotra — Mindspace Business Parks REIT. Capacity: Independent non-executive director. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹⁰⁹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedRachel Catharina Cornelia Jafta — Naspers Beleggings (RF) Limited (Nasbel). Capacity: Director or board member. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹³⁶

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedRachel Catharina Cornelia Jafta — Naspers Investments Ltd.. Capacity: Director or board member. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹³⁶

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedRachel Catharina Cornelia Jafta — Media24 Proprietary Limited. Capacity: Board chair. Period: Source gives 2013; exact start and later status depend on the cited record. ¹³⁶

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedRachel Catharina Cornelia Jafta — Cape Town Carnival Trust. Capacity: Trust chair. Period: Source gives 2008; exact start and later status depend on the cited record. ¹³⁶

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedRachel Catharina Cornelia Jafta — South African Institute of Race Relations. Capacity: Director or board member. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹³⁶

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedYing Xu — Swire Pacific Ltd.. Capacity: Independent non-executive director. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹³⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedYing Xu — Wumei Technology Group Co., Ltd.. Capacity: Director or board member. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹³⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedYing Xu — B&Q (China) Co., Ltd.. Capacity: Director or board member. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹³⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedYing Xu — Swire Properties Ltd.. Capacity: Former independent director. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹³⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedYing Xu — Tianjin International Trust Investment Co.. Capacity: Former vice-president. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹³⁷

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedDebra Meyer — Naspers Investments Ltd.. Capacity: Director or board member. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹³⁸

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedDebra Meyer — Keeromstraat 30 Beleggings (RF) Limited. Capacity: Director or board member. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹³⁸

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedDebra Meyer — Naspers Beleggings (RF) Limited (Nasbel). Capacity: Director or board member. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹³⁸

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedDebra Meyer — Media24 Proprietary Limited. Capacity: Director or board member. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹³⁸

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedDebra Meyer — North-West University. Capacity: Director or board member. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹³⁸

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedAngelien Gertruda Zinnia Kemna — Naspers Limited. Capacity: Director or board member. Period: Source gives 2021-04-14; exact start and later status depend on the cited record. ¹³⁹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedAngelien Gertruda Zinnia Kemna — Prosus N.V.. Capacity: Director or board member. Period: Source gives 2021-04-14; exact start and later status depend on the cited record. ¹³⁹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedAngelien Gertruda Zinnia Kemna — AXA. Capacity: Director or board member. Period: Source gives 2016-04-26; exact start and later status depend on the cited record. ¹³⁹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedAngelien Gertruda Zinnia Kemna — NIBC Bank NV. Capacity: Director or board member. Period: Source gives 2017-12-31; exact start and later status depend on the cited record. ¹³⁹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedAngelien Gertruda Zinnia Kemna — AXA Investment Managers SA. Capacity: Director or board member. Period: Historical AXA Investment Managers board mandate, 2019–2025. ^{139 110}

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedAngelien Gertruda Zinnia Kemna — Proxima. Capacity: Founder. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹³⁹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedAngelien Gertruda Zinnia Kemna — APG Asset Management NV. Capacity: Former CEO and chief finance-and-risk officer. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹³⁹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedAngelien Gertruda Zinnia Kemna — Goldman Sachs Advisors BV. Capacity: Former regional chief executive. Period: 2002–2007. ¹³⁹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedAngelien Gertruda Zinnia Kemna — Netherlands Authority for the Financial Markets (AFM). Capacity: Former deputy supervisory-board chair. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹³⁹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedAngelien Gertruda Zinnia Kemna — Yellow&Blue Investment Management BV. Capacity: Supervisory-board chair in career account. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹³⁹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedAngelien Gertruda Zinnia Kemna — Railway Pension Investments Ltd.. Capacity: Director or board member. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹³⁹

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedRoberto Oliveira de Lima — MIH Holdings Proprietary Limited. Capacity: Director or board member. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹⁴⁰

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedRoberto Oliveira de Lima — RNI Negócios Imobiliários S.A.. Capacity: Chair. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹⁴⁰

qualification

This source-qualified capacity is not a finding of shared liability or a certification of a current mandate.

attributedRoberto Oliveira de Lima — Rodobens SA. Capacity: Director or board member. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. ¹⁴⁰