--- title: "Naspers: full accepted relationship evidence" language: en canonical: https://dossiertwist.com/dossiers/naspers/relationship-evidence/ as_of: 2026-09-21 keywords: ["Naspers","Prosus","voting control","Nasbel","Keerom","Wheatfields","Takealot","PayU","Media24"] --- # Naspers: full accepted relationship evidence **Question.** What supports every accepted company, person, role and period? **Answer.** The complete accepted register retains each specific capacity and its source limits. Historical mandates, separate legal identities and material responses accompany the relevant links. ## Ownership capacities - Attributed: Naspers 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. [s-d8] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers 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. [s-d8] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Heemstede 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. [s-d12] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers 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. [s-d12] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Prosus N.V. — Naspers Limited. Capacity: Former approximately 52.46% economic crossholding. Period: 2021–September 2023; crossholding removed. [s-d12] [s-d31] [s-d342] - 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. - Attributed: Naspers 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. [s-d13] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: MIH 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. [s-d13] [s-d53] - 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. - Attributed: MIH 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. [s-d13] [s-d53] - 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. - Attributed: MIH 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. [s-d13] [s-d53] - 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. - Attributed: Prosus 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. [s-d13] [s-d53] - 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. - Attributed: Naspers 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. [s-d13] [s-d53] - 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. - Attributed: Public 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. [s-d25] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers 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. [s-d108] [s-d272] [s-d321] [s-d35] [s-d351] [s-d98] - 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. - Attributed: Naspers 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. [s-d45] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Keeromstraat 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. [s-d102] [s-d103] [s-d13] [s-d46] - 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. - Attributed: Keeromstraat 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. [s-d102] [s-d103] [s-d13] [s-d46] - 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. - Attributed: Naspers 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. [s-d13] [s-d53] - 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. - Attributed: Prosus 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. [s-d13] [s-d53] - 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. - Attributed: MIH 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. [s-d13] [s-d53] - 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. - Attributed: MIH 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. [s-d13] [s-d53] - 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. - Attributed: MIH 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. [s-d13] [s-d53] - 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. - Attributed: Naspers 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. [s-d53] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers 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. [s-d55] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers 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. [s-d56] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers 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. [s-d64] - 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. - Attributed: Movile 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. [s-d64] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Movile 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. [s-d64] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Movile 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. [s-d64] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Movile 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. [s-d64] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Movile 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. [s-d64] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Movile 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. [s-d64] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers 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. [s-d71] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers 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. [s-d71] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers 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. [s-d71] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers 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. [s-d71] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers 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. [s-d71] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers 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. [s-d71] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers 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. [s-d71] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers 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. [s-d71] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers 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. [s-d71] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers 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. [s-d72] [s-supp-prosus-fy23] - 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. - Attributed: Naspers 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. [s-d72] [s-supp-prosus-fy23] - 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. - Attributed: Naspers 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. [s-d72] [s-supp-prosus-fy23] - 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. - Attributed: Naspers 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. [s-d72] [s-supp-prosus-fy23] - 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. - Attributed: Naspers 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. [s-d122] [s-d17] [s-d55] [s-d82] - 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. - Attributed: Naspers 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. [s-d17] [s-d61] [s-d8] - 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. - Attributed: Naspers 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. [s-d17] [s-d61] [s-d8] - 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. - Attributed: Naspers 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. [s-d17] - 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. - Attributed: Naspers 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. [s-d126] [s-d17] [s-d178] - 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. - Attributed: Naspers 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. [s-d17] - 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. - Attributed: Naspers 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. [s-d17] [s-d233] [s-d64] [s-d85] [s-d86] [s-d87] - 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. - Attributed: Naspers 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. [s-d17] [s-d233] [s-d64] [s-d85] [s-d86] [s-d87] - 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. - Attributed: Takealot 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. [s-d17] [s-d233] [s-d64] [s-d85] [s-d86] [s-d87] - 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. - Attributed: Naspers Limited — ixigo. Capacity: Group investment, 16.24%. Period: Source gives 2026; exact start and later status depend on the cited record. [s-d17] [s-d233] [s-d64] [s-d85] [s-d86] [s-d87] - 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. - Attributed: Naspers Limited — Rapido. Capacity: Group investment, 23.52%. Period: Source gives 2026; exact start and later status depend on the cited record. [s-d17] [s-d233] [s-d64] [s-d85] [s-d86] [s-d87] - 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. - Attributed: Naspers 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. [s-d17] [s-d233] [s-d64] [s-d85] [s-d86] [s-d87] - 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. - Attributed: Naspers Limited — Swiggy. Capacity: Portfolio investment. Period: Source recorded 2026-03-31; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d17] [s-d233] [s-d64] [s-d85] [s-d86] [s-d87] - 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. - Attributed: Naspers 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. [s-d82] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers 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. [s-d85] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Limited — MakeMyTrip Limited. Capacity: Former investment exchanged for Ctrip interest. Period: Ended by 2019-09. [s-d85] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers 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. [s-d85] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers 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. [s-d86] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Limited — MultiChoice Group Limited. Capacity: Former parent; business unbundled to shareholders in 2019. Period: Ended by 2019-02-27. [s-d385] [s-d391] [s-d402] [s-d86] - 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. - Attributed: Naspers 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. [s-d86] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers 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. [s-d72] [s-d86] [s-supp-prosus-fy23] - 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. - Attributed: Takealot 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. [s-d108] [s-d272] [s-d321] [s-d35] [s-d351] [s-d98] - 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. - Attributed: Prosus 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. [s-d17] [s-d99] - 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. - Attributed: Wheatfields 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. [s-d102] [s-d103] [s-d13] [s-d46] - 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. - Attributed: Sanlam 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. [s-d102] [s-d103] [s-d107] [s-d13] [s-d314] [s-d317] [s-d318] [s-d381] [s-d46] - 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. - Attributed: De 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. [s-d102] [s-d103] [s-d13] [s-d46] - 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. - Attributed: Sholto 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. [s-d102] [s-d103] [s-d13] [s-d46] - 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. - Attributed: Naspers 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. [s-d102] [s-d103] [s-d13] [s-d46] - 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. - Attributed: Naspers 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. [s-d105] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Keeromstraat 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. [s-d105] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Wheatfields 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. [s-d105] [s-d117] [s-d120] [s-d133] [s-d137] [s-d346] - 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. - Attributed: Naspers 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. [s-d106] [s-d134] - 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. - Attributed: Media24 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%. [s-d107] [s-d349] [s-d381] - 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. - Attributed: Naspers 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. [s-d107] [s-d349] [s-d381] - 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. - Attributed: Jacobus 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. [s-d106] [s-d117] [s-d134] - 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. - Attributed: Jacobus 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. [s-d117] [s-d120] [s-d123] [s-d125] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d282] [s-d29] [s-d303] - 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. - Attributed: Naspers Limited — MIH India Global Internet Limited. Capacity: Consolidating group parent. Period: Source gives 2013; exact start and later status depend on the cited record. [s-d117] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Tencent 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. [s-d117] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Limited — Level Up! International Private Holdings. Capacity: Former 49% investment disposed of in January 2014. Period: Ended by 2014-01. [s-d117] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Wheatfields 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. [s-d117] [s-d120] [s-d133] - 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. - Attributed: Wheatfields 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. [s-d117] [s-d120] [s-d133] - 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. - Attributed: Wheatfields 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. [s-d117] [s-d120] [s-d133] - 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. - Attributed: Jacobus 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. [s-d117] [s-d120] [s-d133] - 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. - Attributed: Jacobus 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. [s-d117] [s-d120] [s-d133] - 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. - Attributed: Naspers 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. [s-d117] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Wheatfields 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. [s-d117] [s-d120] [s-d133] - 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. - Attributed: Wheatfields 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. [s-d117] [s-d120] [s-d133] - 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. - Attributed: Jacobus 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. [s-d117] [s-d120] [s-d133] - 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. - Attributed: Jacobus 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. [s-d117] [s-d120] [s-d133] - 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. - Attributed: Wheatfields 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. [s-d117] [s-d120] [s-d133] - 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. - Attributed: Wheatfields 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. [s-d117] [s-d120] [s-d133] - 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. - Attributed: Jacobus 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. [s-d117] [s-d120] [s-d133] - 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. - Attributed: Stephan 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. [s-d117] [s-d120] [s-d133] - 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. - Attributed: Naspers 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. [s-d120] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Mark Remon Sorour — Naspers Limited. Capacity: Historical sale of 35,434 N shares. Period: Ended by 2024-03-25. [s-d120] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Vasileios (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. [s-d120] [s-d123] [s-d125] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d282] [s-d29] [s-d303] - 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. - Attributed: Naspers 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. [s-d122] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers 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. [s-d122] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Takealot 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. [s-d122] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers 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. [s-d125] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers 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. [s-d125] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Prosus N.V. — Just Eat Takeaway.com B.V.. Capacity: Acquirer of JET through group vehicle. Period: Conditional approval August 2025; acquisition completed October 2025. [s-d126] [s-d17] [s-d237] - 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. - Attributed: Prosus 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. [s-d126] [s-d17] [s-d178] - 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. - Attributed: Prosus 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. [s-d126] [s-d17] [s-d178] - 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. - Attributed: Naspers 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. [s-d126] [s-d237] - 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. - Attributed: Naspers 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. [s-d129] [s-d157] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers 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. [s-d131] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Jacobus 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. [s-d106] [s-d134] - 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. - Attributed: Sanlam 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. [s-d137] [s-d346] - 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. - Attributed: Sanlam Limited — Naspers Limited. Capacity: Historical seller of high-vote A-share position. Period: Ended by 2006. [s-d137] [s-d346] - 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. - Attributed: Wheatfields 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. [s-d137] [s-d346] - 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. - Attributed: Wheatfields 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. [s-d137] [s-d346] - 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. - Attributed: Wheatfields 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. [s-d137] [s-d346] - 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. - Attributed: Jacobus 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. [s-d137] [s-d346] - 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. - Attributed: Fabricio 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. [s-d120] [s-d123] [s-d125] [s-d138] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d282] [s-d29] [s-d303] - 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. - Attributed: Pedro 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. [s-d140] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Hendrik 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. [s-d144] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Hendrik 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. [s-d144] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers 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. [s-d179] [s-d354] [s-d363] [s-d364] [s-d384] - 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. - Attributed: Media24 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. [s-d179] [s-d354] [s-d363] [s-d364] [s-d384] - 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. - Attributed: Novus 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. [s-d107] [s-d179] [s-d349] [s-d381] - 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. - Attributed: Takealot 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. [s-d220] [s-d227] - 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. - Attributed: Takealot 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. [s-d220] [s-d227] - 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. - Attributed: Takealot 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. [s-d229] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Prosus 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. [s-d237] - 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. - Attributed: Prosus 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. [s-d239] [s-d261] [s-supp-review-avito-appeal] - 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. - Attributed: Prosus N.V. — Avito. Capacity: Historical indirect owner of Avito group. Period: Source gives 2019; exact start and later status depend on the cited record. [s-d239] [s-d261] [s-supp-review-avito-appeal] - 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. - Attributed: Prosus 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. [s-d253] [s-d281] [s-d383] [s-supp-prosus-fy23] - 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. - Attributed: Prosus 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. [s-d253] [s-d281] [s-d383] [s-supp-prosus-fy23] - 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. - Attributed: Naspers 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. [s-d257] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers 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. [s-d259] - 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. - Attributed: Naspers 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. [s-d273] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers 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. [s-d277] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: MIH 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. [s-d278] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers 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. [s-d278] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers 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. [s-d278] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: MIH 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. [s-d278] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Prosus N.V. — Naspers Limited. Capacity: Historical crossholding in Naspers, later unwound. Period: Crossholding reported before its September 2023 removal. [s-d280] [s-d31] [s-d342] - 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. - Attributed: Prosus 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. [s-d280] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers 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. [s-d253] [s-d281] [s-d383] [s-supp-prosus-fy23] - 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. - Attributed: Naspers 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. [s-d232] [s-d294] [s-d295] [s-d296] [s-supp-zondo-lobbying-outcome] - 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. - Attributed: Naspers 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. [s-d232] [s-d294] [s-d295] [s-d296] [s-supp-zondo-lobbying-outcome] - 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. - Attributed: Naspers 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. [s-d295] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers 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. [s-d232] [s-d294] [s-d295] [s-d296] [s-supp-zondo-lobbying-outcome] - 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. - Attributed: Naspers 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. [s-d307] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers 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. [s-d117] [s-d302] [s-d315] [s-d320] [s-d360] [s-d74] - 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. - Attributed: Naspers 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. [s-d103] [s-d107] [s-d314] [s-d317] [s-d318] [s-d381] - 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. - Attributed: Keeromstraat 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. [s-d103] [s-d107] [s-d314] [s-d317] [s-d318] [s-d381] - 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. - Attributed: Wheatfields 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. [s-d103] [s-d107] [s-d314] [s-d317] [s-d318] [s-d381] - 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. - Attributed: Sholto 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. [s-d103] [s-d107] [s-d314] [s-d317] [s-d318] [s-d381] - 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. - Attributed: Jacobus 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. [s-d103] [s-d107] [s-d314] [s-d317] [s-d318] [s-d381] - 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. - Attributed: Jacobus 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. [s-d103] [s-d107] [s-d314] [s-d317] [s-d318] [s-d381] - 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. - Attributed: Sanlam 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. [s-d103] [s-d107] [s-d314] [s-d317] [s-d318] [s-d381] - 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. - Attributed: De 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. [s-d103] [s-d107] [s-d314] [s-d317] [s-d318] [s-d381] - 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. - Attributed: Naspers 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. [s-d309] [s-d320] [s-d360] - 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. - Attributed: Takealot 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. [s-d108] [s-d272] [s-d321] [s-d35] [s-d351] [s-d98] - 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. - Attributed: Prosus N.V. — Naspers Limited. Capacity: Historical reciprocal crossholding removed in September 2023. Period: Historical reciprocal holding removed September 2023. [s-d31] [s-d342] - 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. - Attributed: Naspers 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. [s-d342] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers 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. [s-d342] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Prosus N.V. — Avito. Capacity: Former group asset sold in October 2022. Period: Historical Avito portfolio relationship; disposal completed October 2022. [s-d343] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Ivan 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. [s-d345] [s-d365] [s-d390] - 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. - Attributed: Ivan 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. [s-d345] [s-d365] [s-d390] - 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. - Attributed: Jacobus 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. [s-d120] [s-d123] [s-d125] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d282] [s-d29] [s-d303] [s-d346] - 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. - Attributed: Keeromstraat 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. [s-d346] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Jacobus 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. [s-d137] [s-d346] - 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. - Attributed: Naspers Limited — MultiChoice (Pty) Ltd. Capacity: Historical parent before 2019 unbundling. Period: Historical MultiChoice group ownership ended at February 2019 unbundling. [s-d346] [s-d86] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers 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. [s-d347] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Tencent 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. [s-d348] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers 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. [s-d348] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers 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. [s-d107] [s-d349] [s-d381] - 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. - Attributed: Media24 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. [s-d107] [s-d349] [s-d381] - 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. - Attributed: Novus 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. [s-d107] [s-d349] [s-d381] - 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. - Attributed: Novus 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. [s-d107] [s-d349] [s-d381] - 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. - Attributed: Ivan 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. [s-d345] [s-d350] [s-d365] [s-d390] - 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. - Attributed: Ivan 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. [s-d345] [s-d350] [s-d365] [s-d390] - 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. - Attributed: Media24 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. [s-d107] [s-d349] [s-d381] - 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. - Attributed: Media24 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. [s-d107] [s-d349] [s-d381] - 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. - Attributed: Media24 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. [s-d107] [s-d349] [s-d381] - 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. - Attributed: Canal+ 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. [s-d385] [s-d391] [s-d402] [s-d86] - 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. ## People capacities - Attributed: Eoin 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. [s-d8] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Charlie 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. [s-d8] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Sibusiso 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. [s-d8] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Jacobus 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. [s-d123] [s-d17] [s-d175] [s-d23] [s-d29] [s-d303] [s-d9] - 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. - Attributed: Jacobus 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. [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Jacobus 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. [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Theunissen (Ton) Vosloo — Naspers Limited. Capacity: Former board chair. Period: Historical Naspers chair, succeeded in April 2015. [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Jacobus 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. [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Fabricio 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. [s-d120] [s-d123] [s-d125] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d282] [s-d29] [s-d303] [s-d9] - 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. - Attributed: Fabricio 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. [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Fabricio Bloisi Rocha — Movile Group. Capacity: Founder. Period: Source gives 1998; exact start and later status depend on the cited record. [s-d138] [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Nico 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. [s-d120] [s-d123] [s-d125] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d282] [s-d29] [s-d303] [s-d9] - 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. - Attributed: Hendrik 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. [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Hendrik 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. [s-d144] [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Hendrik Jacobus du Toit — Investec Group. Capacity: Former joint chief executive. Period: 2018-10-01–2020-03-16. [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Pedro 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. [s-d23] [s-d29] [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Pedro Dornelles Arnt — dLocal. Capacity: Chief executive. Period: Source gives 2023-08; exact start and later status depend on the cited record. [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Pedro 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. [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Sharmistha (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. [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Sharmistha (Shar) Dubey — Match Group, Inc.. Capacity: Chief executive. Period: Chief executive during 2020–2022; later board role is separate. [s-d400] [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Sharmistha (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. [s-d400] [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Craig 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. [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Craig Lawrence Enenstein — Corridor Capital, LLC. Capacity: Founder and chief executive. Period: Source gives 2005; exact start and later status depend on the cited record. [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Manisha 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. [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Manisha 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. [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Manisha Girotra — Ashok Leyland Limited. Capacity: Director. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Manisha 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. [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Manisha 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. [s-d181] [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Rachel Catharina Cornelia Jafta — Naspers Limited. Capacity: Independent non-executive director. Period: Source gives 2003; exact start and later status depend on the cited record. [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Rachel 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. [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Rachel 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. [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Angelien 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. [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Angelien Gertruda Zinnia Kemna — Friesland Campina. Capacity: Supervisory-board member and audit chair. Period: Historical parent-company supervisory-board mandate, 2019–2023. [s-d322] [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Angelien Gertruda Zinnia Kemna — AXA Investment Managers SA. Capacity: Senior independent board member. Period: Historical AXA Investment Managers board mandate, 2019–2025. [s-d322] [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Angelien 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. [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Angelien 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. [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Debra 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. [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Debra 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. [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Debra 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. [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Roberto Oliveira de Lima — Naspers Limited. Capacity: Independent non-executive director. Period: Historical board mandate; retired effective 1 July 2026. [s-d120] [s-d123] [s-d125] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d282] [s-d29] [s-d303] [s-d9] - 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. - Attributed: Roberto 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. [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Roberto Oliveira de Lima — Telefônica Brasil S.A.. Capacity: Former president, chief executive and director. Period: Ended by 2019-04. [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Ying 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. [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Ying 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. [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Mark 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. [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Lynelle 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. [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Lynelle 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. [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Lynelle 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. [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Phuthi Mahanyele-Dabengwa — Naspers Limited. Capacity: South Africa chief executive. Period: Source gives 2019-07; exact start and later status depend on the cited record. [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Phuthi 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. [s-d165] [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Phuthi Mahanyele-Dabengwa — Sigma Capital. Capacity: Co-founder and executive chair. Period: Source gives 2015; exact start and later status depend on the cited record. [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Phuthi Mahanyele-Dabengwa — Shanduka Group. Capacity: Former chief executive. Period: 2004–2015. [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Vasileios (Basil) Sgourdos — Naspers Limited. Capacity: Executive director; disclosure signatory. Period: CFO and executive mandate ended 30 November 2024. [s-d120] [s-d123] [s-d125] [s-d13] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d282] [s-d29] [s-d303] - 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. - Attributed: Vasileios (Basil) Sgourdos — Prosus N.V.. Capacity: Executive director. Period: CFO and executive mandate ended 30 November 2024. [s-d120] [s-d123] [s-d125] [s-d13] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d282] [s-d29] [s-d303] - 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. - Attributed: Laurent 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. [s-d13] [s-d53] - 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. - Attributed: Jacobus 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. [s-d123] [s-d17] [s-d175] [s-d23] [s-d29] [s-d303] [s-d349] [s-d353] [s-d373] [s-d53] - 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. - Attributed: Sharmistha (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. [s-d17] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Hendrik 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. [s-d17] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Craig 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. [s-d17] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Manisha Girotra — Naspers Limited. Capacity: Director. Period: Source recorded 2026-06-27; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d17] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Arnold (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. [s-d17] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Rachel 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. [s-d17] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Angelien 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. [s-d17] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Phuthi 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. [s-d17] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Debra Meyer — Naspers Limited. Capacity: Director. Period: Source recorded 2026-06-27; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d17] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Roberto Oliveira de Lima — Naspers Limited. Capacity: Director. Period: Historical board mandate; retired effective 1 July 2026. [s-d120] [s-d123] [s-d125] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d282] [s-d29] [s-d303] - 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. - Attributed: Stephan 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. [s-d117] [s-d120] [s-d123] [s-d125] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d282] [s-d29] [s-d303] - 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. - Attributed: Mark 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. [s-d17] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Ying Xu — Naspers Limited. Capacity: Director. Period: Source recorded 2026-06-27; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d17] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Stephan 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. [s-d117] [s-d120] [s-d123] [s-d125] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d282] [s-d29] [s-d303] - 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. - Attributed: Stephan 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. [s-d117] [s-d120] [s-d123] [s-d125] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d270] [s-d282] [s-d29] [s-d303] - 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. - Attributed: Stephan 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. [s-d117] [s-d17] [s-d270] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Jacobus du Toit (Cobus) Stofberg — Naspers Limited. Capacity: Former independent non-executive director. Period: Historical board mandate; retired 19 August 2025. [s-d120] [s-d123] [s-d125] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d282] [s-d29] [s-d303] - 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. - Attributed: Arnold (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. [s-d17] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Phuthi Mahanyele-Dabengwa — Naspers Limited. Capacity: Executive director. Period: Source gives 2025-04-01; exact start and later status depend on the cited record. [s-d17] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Lynelle 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. [s-d17] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Pedro 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. [s-d123] [s-d17] [s-d175] [s-d23] [s-d29] [s-d303] [s-d9] - 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. - Attributed: Arnold (AJ) Goldberg — Naspers Limited. Capacity: Risk-committee member. Period: Source gives 2026-09-14; exact start and later status depend on the cited record. [s-d123] [s-d17] [s-d175] [s-d23] [s-d29] [s-d303] - 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. - Attributed: Pedro Dornelles Arnt — Naspers Limited. Capacity: Audit-committee member. Period: Audit-committee member in the roster effective 14 September 2026. [s-d123] [s-d17] [s-d175] [s-d23] [s-d29] [s-d303] [s-d9] - 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. - Attributed: Sharmistha (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. [s-d123] [s-d17] [s-d175] [s-d23] [s-d29] [s-d303] - 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. - Attributed: Angelien 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. [s-d123] [s-d17] [s-d175] [s-d23] [s-d29] [s-d303] - 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. - Attributed: Manisha 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. [s-d123] [s-d17] [s-d175] [s-d23] [s-d29] [s-d303] - 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. - Attributed: Rachel 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. [s-d123] [s-d17] [s-d175] [s-d23] [s-d29] [s-d303] - 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. - Attributed: Fabricio Bloisi Rocha — Naspers Limited. Capacity: Risk-committee member. Period: Group CEO from 1 July 2024; later record may separately concern committee or award capacity. [s-d123] [s-d125] [s-d17] [s-d175] [s-d23] [s-d29] [s-d303] - 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. - Attributed: Nico Marais — Naspers Limited. Capacity: Risk-committee member. Period: Risk-committee member in the roster effective 14 September 2026. [s-d123] [s-d17] [s-d175] [s-d23] [s-d231] [s-d29] [s-d303] - 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. - Attributed: Phuthi 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. [s-d35] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Lynelle 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. [s-d53] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Lynelle 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. [s-d53] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Bob 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. [s-d120] [s-d123] [s-d125] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d282] [s-d29] [s-d303] [s-d53] - 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. - Attributed: Bob 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. [s-d120] [s-d123] [s-d125] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d282] [s-d29] [s-d303] [s-d53] - 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. - Attributed: Vasileios (Basil) Sgourdos — Naspers Limited. Capacity: Former chief financial officer. Period: CFO and executive mandate ended 30 November 2024. [s-d120] [s-d123] [s-d125] [s-d142] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d282] [s-d29] [s-d303] [s-d360] [s-d53] - 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. - Attributed: Vasileios (Basil) Sgourdos — Prosus N.V.. Capacity: Former chief financial officer. Period: CFO and executive mandate ended 30 November 2024. [s-d120] [s-d123] [s-d125] [s-d142] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d282] [s-d29] [s-d303] [s-d53] - 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. - Attributed: Jacobus 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. [s-d123] [s-d17] [s-d175] [s-d23] [s-d29] [s-d303] [s-d53] - 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. - Attributed: Hendrik 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. [s-d53] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Hendrik 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. [s-d53] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Angelien 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. [s-d53] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Angelien 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. [s-d53] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Craig 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. [s-d53] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Craig 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. [s-d53] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Manisha 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. [s-d53] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Manisha 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. [s-d53] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Rachel 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. [s-d53] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Debra 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. [s-d53] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Debra 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. [s-d53] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Roberto Oliveira de Lima — Naspers Limited. Capacity: Non-executive director. Period: Historical board mandate; retired effective 1 July 2026. [s-d120] [s-d123] [s-d125] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d282] [s-d29] [s-d303] [s-d53] - 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. - Attributed: Stephan 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. [s-d117] [s-d120] [s-d123] [s-d125] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d282] [s-d29] [s-d303] [s-d53] - 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. - Attributed: Mark 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. [s-d53] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Jacobus du Toit (Cobus) Stofberg — Naspers Limited. Capacity: Non-executive director. Period: Historical board mandate; retired 19 August 2025. [s-d120] [s-d123] [s-d125] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d282] [s-d29] [s-d303] [s-d53] - 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. - Attributed: Ying 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. [s-d53] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Ying 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. [s-d53] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Francis 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. [s-d53] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Francis 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. [s-d53] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Nico 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. [s-d120] [s-d123] [s-d125] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d282] [s-d29] [s-d303] [s-d55] [s-d87] - 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. - Attributed: Bob van Dijk — Naspers Limited. Capacity: Chief executive. Period: CEO and board mandate ended 18 September 2023; transitional adviser until 30 September 2024. [s-d120] [s-d123] [s-d125] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d282] [s-d29] [s-d303] [s-d56] [s-d71] [s-d88] - 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. - Attributed: Ervin 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. [s-d120] [s-d123] [s-d125] [s-d17] [s-d177] [s-d231] [s-d282] [s-d56] - 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. - Attributed: Jacobus 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. [s-d123] [s-d134] [s-d17] [s-d175] [s-d23] [s-d232] [s-d273] [s-d29] [s-d303] [s-d56] [s-d82] - 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. - Attributed: Bob 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. [s-d120] [s-d123] [s-d125] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d282] [s-d29] [s-d303] [s-d56] - 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. - Attributed: Lynelle Bagwandeen — Naspers Limited. Capacity: Information officer. Period: Source recorded 2021-05; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d71] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Fabricio Bloisi Rocha — Naspers Limited. Capacity: Chief executive. Period: Group CEO from 1 July 2024; later record may separately concern committee or award capacity. [s-d120] [s-d123] [s-d125] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d282] [s-d29] [s-d303] [s-d82] [s-d87] - 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. - Attributed: W.A. Hofmeyr — Naspers Limited. Capacity: Founder of predecessor publishing business. Period: Source gives 1915; exact start and later status depend on the cited record. [s-d86] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Theunissen (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. [s-d373] [s-d86] [s-supp-naspers-history-response] [s-supp-trc-journalists] - 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. - Attributed: Debra Meyer — Naspers Limited. Capacity: Director. Period: Source gives 2009-11-24; exact start and later status depend on the cited record. [s-d87] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Rachel Catharina Cornelia Jafta — Naspers Limited. Capacity: Director. Period: Source gives 2003-10-22; exact start and later status depend on the cited record. [s-d87] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Craig Lawrence Enenstein — Naspers Limited. Capacity: Director. Period: Source gives 2013-10-15; exact start and later status depend on the cited record. [s-d87] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Phuthi 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. [s-d87] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Bob 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. [s-d88] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Bob van Dijk — eBay. Capacity: Prior employment. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d88] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Bob 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. [s-d88] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Mohamed (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. [s-d89] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Mohamed (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. [s-d89] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: John James (Jim) Volkwyn — Naspers Limited. Capacity: Former chief executive of global video-entertainment segment. Period: Ended by 2014. [s-d89] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Timothy 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. [s-d89] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Timothy 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. [s-d89] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Vasileios (Basil) Sgourdos — Naspers Limited. Capacity: Group chief financial officer. Period: CFO and executive mandate ended 30 November 2024. [s-d120] [s-d123] [s-d125] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d282] [s-d29] [s-d303] [s-d92] - 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. - Attributed: Vasileios (Basil) Sgourdos — Nico Marais. Capacity: Succeeded by Nico Marais as interim CFO. Period: December 2024 succession. [s-d92] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Phuthi 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. [s-d92] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Phuthi 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. [s-d92] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Pedro 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. [s-d93] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Pedro 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. [s-d93] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Pedro 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. [s-d93] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Francis 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. [s-d94] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Francis 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. [s-d94] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Francis 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. [s-d94] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: John 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. [s-d94] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Lynelle 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. [s-d102] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Stephan 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. [s-d102] [s-d117] [s-d17] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Denise 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. [s-d103] [s-d107] [s-d314] [s-d317] [s-d318] [s-d381] - 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. - Attributed: Stephan 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. [s-d117] [s-d120] [s-d123] [s-d125] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d282] [s-d29] [s-d303] - 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. - Attributed: Jacobus Petrus (Koos) Bekker — Naspers Limited. Capacity: Former chief executive. Period: Historical Naspers CEO mandate, 1997–31 March 2014. [s-d117] [s-d123] [s-d17] [s-d175] [s-d23] [s-d29] [s-d303] - 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. - Attributed: Bob van Dijk — Naspers Limited. Capacity: Group chief executive. Period: CEO and board mandate ended 18 September 2023; transitional adviser until 30 September 2024. [s-d117] [s-d120] [s-d123] [s-d125] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d282] [s-d29] [s-d303] - 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. - Attributed: Mark 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. [s-d117] [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Jacobus 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. [s-d120] [s-d123] [s-d17] [s-d175] [s-d23] [s-d29] [s-d303] - 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. - Attributed: Hendrik 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. [s-d120] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Bob 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. [s-d120] [s-d125] [s-d17] [s-d177] [s-d231] [s-d282] - 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. - Attributed: Fabricio Bloisi Rocha — Naspers Limited. Capacity: Group chief executive. Period: Group CEO from 1 July 2024; later record may separately concern committee or award capacity. [s-d120] [s-d123] [s-d125] [s-d138] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d282] [s-d29] [s-d303] - 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. - Attributed: Stephan 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. [s-d117] [s-d123] [s-d17] [s-d175] [s-d23] [s-d29] [s-d303] - 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. - Attributed: Mark Remon Sorour — Naspers Limited. Capacity: Director. Period: Source gives 2015-03-01; exact start and later status depend on the cited record. [s-d123] [s-d17] [s-d175] [s-d23] [s-d29] [s-d303] - 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. - Attributed: Sharmistha (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. [s-d123] [s-d17] [s-d175] [s-d23] [s-d29] [s-d303] - 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. - Attributed: Ervin 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. [s-d120] [s-d123] [s-d125] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d282] [s-d29] [s-d303] - 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. - Attributed: Fabricio Bloisi Rocha — Naspers Limited. Capacity: Group chief executive with final investment responsibility. Period: Announced 17 May 2024; group CEO effective 1 July 2024. [s-d120] [s-d125] [s-d17] [s-d177] [s-d231] [s-d282] - 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. - Attributed: Jacobus 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. [s-d120] [s-d125] [s-d17] [s-d177] [s-d231] [s-d282] - 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. - Attributed: Sharmistha (Shar) Dubey — Match Group, Inc.. Capacity: Match director; CEO only during 2020–2022. Period: Director since 2019; any combined CEO capacity ended in 2022. [s-d132] [s-d176] [s-d400] - 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. - Attributed: Sharmistha (Shar) Dubey — Naspers Limited. Capacity: Director. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d132] [s-d176] [s-d400] - 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. - Attributed: Sharmistha (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. [s-d132] [s-d176] [s-d400] - 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. - Attributed: Sharmistha (Shar) Dubey — Texas Instruments. Capacity: Former engineer. Period: Source gives 1998; exact start and later status depend on the cited record. [s-d132] [s-d176] [s-d400] - 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. - Attributed: Sharmistha (Shar) Dubey — i2 technologies. Capacity: Former product director. Period: Ended by 2006. [s-d132] [s-d176] [s-d400] - 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. - Attributed: Sharmistha (Shar) Dubey — Match.com. Capacity: Historical Chemistry product leadership. Period: Source gives 2006; exact start and later status depend on the cited record. [s-d132] [s-d176] [s-d400] - 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. - Attributed: Sharmistha (Shar) Dubey — Advent International. Capacity: Operating partner. Period: Source gives 2022-10; exact start and later status depend on the cited record. [s-d132] [s-d176] [s-d400] - 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. - Attributed: Sharmistha (Shar) Dubey — Fortive Corporation. Capacity: Director. Period: Director since 2020; chair effective 29 January 2025; other committee capacities retain their dated source scope. [s-d132] [s-d176] [s-d400] - 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. - Attributed: Ervin 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. [s-d120] [s-d123] [s-d125] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d282] [s-d29] [s-d303] - 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. - Attributed: Robert 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. [s-d117] [s-d120] [s-d133] [s-d137] [s-d346] - 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. - Attributed: Francois 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. [s-d117] [s-d120] [s-d133] [s-d137] [s-d346] - 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. - Attributed: Jacobus Petrus (Koos) Bekker — Tencent Holdings Limited. Capacity: Director. Period: Source gives 2012-11-13; exact start and later status depend on the cited record. [s-d134] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Jacobus 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. [s-d123] [s-d134] [s-d17] [s-d175] [s-d23] [s-d232] [s-d29] [s-d303] - 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. - Attributed: Jacobus 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. [s-d134] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Jacobus 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. [s-d134] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Jacobus Petrus (Koos) Bekker — Naspers Limited. Capacity: Former Naspers chief executive. Period: Historical Naspers CEO mandate, 1997–31 March 2014. [s-d123] [s-d134] [s-d17] [s-d175] [s-d23] [s-d29] [s-d303] [s-d399] - 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. - Attributed: Jacobus du Toit (Cobus) Stofberg — Prosus N.V.. Capacity: Director. Period: Historical board mandate; retired 19 August 2025. [s-d120] [s-d123] [s-d125] [s-d135] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d282] [s-d29] [s-d303] [s-d346] [s-d394] - 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. - Attributed: Jacobus du Toit (Cobus) Stofberg — MIH Holdings Proprietary Limited. Capacity: Former MIH chief executive. Period: Ended by 2011-03-31. [s-d135] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Fabricio Bloisi Rocha — Itaú Unibanco Holding SA. Capacity: Independent director. Period: Source gives 2023; exact start and later status depend on the cited record. [s-d138] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Fabricio 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. [s-d138] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Fabricio 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. [s-d117] [s-d120] [s-d123] [s-d125] [s-d138] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d233] [s-d282] [s-d29] [s-d302] [s-d303] [s-d315] [s-d320] [s-d360] [s-d74] - 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. - Attributed: Fabricio Bloisi Rocha — Itaú Unibanco Holding SA. Capacity: Director. Period: Source gives 2022-12-31; exact start and later status depend on the cited record. [s-d138] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Nico 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. [s-d120] [s-d123] [s-d125] [s-d139] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d282] [s-d29] [s-d303] - 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. - Attributed: Nico 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. [s-d120] [s-d123] [s-d125] [s-d139] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d282] [s-d29] [s-d303] - 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. - Attributed: Pedro 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. [s-d140] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Pedro Dornelles Arnt — Allegro.eu SA. Capacity: Director. Period: Source gives 2022-06-19; exact start and later status depend on the cited record. [s-d140] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Pedro Dornelles Arnt — dLocal. Capacity: Chief executive. Period: Source gives 2023-08-14; exact start and later status depend on the cited record. [s-d140] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Pedro 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. [s-d140] [s-d23] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Pedro 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. [s-d140] [s-d23] [s-d29] [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Pedro Dornelles Arnt — Meli Participaciones SL. Capacity: Director. Period: Source gives 2012-05-06; exact start and later status depend on the cited record. [s-d140] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Pedro Dornelles Arnt — MercadoLibre. Capacity: Former chief financial officer. Period: Ended by 2023-08-09. [s-d140] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Pedro 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. [s-d140] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Vasileios (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. [s-d142] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Vasileios (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. [s-d142] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Vasileios (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. [s-d142] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Vasileios (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. [s-d142] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Vasileios (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. [s-d142] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Vasileios (Basil) Sgourdos — MIH Russia Internet BV. Capacity: Director. Period: Source gives 2011-02-07; exact start and later status depend on the cited record. [s-d142] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Vasileios (Basil) Sgourdos — United Broadcasting Corp.. Capacity: Former chief financial officer. Period: Ended by 2006-12-31. [s-d142] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Phuthi Mahanyele-Dabengwa — Sigma Capital. Capacity: Founder. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d143] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Phuthi 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. [s-d143] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Phuthi 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. [s-d143] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Phuthi Mahanyele-Dabengwa — Vodacom Group. Capacity: Independent non-executive director. Period: Source gives 2019; exact start and later status depend on the cited record. [s-d143] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Phuthi 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. [s-d143] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Phuthi Mahanyele-Dabengwa — HTN Towers Plc. Capacity: Director. Period: Source gives 2013; exact start and later status depend on the cited record. [s-d143] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Phuthi Mahanyele-Dabengwa — Kagiso Shanduka Trust. Capacity: Trustee. Period: Source gives 2017; exact start and later status depend on the cited record. [s-d143] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Phuthi 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. [s-d143] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Phuthi Mahanyele-Dabengwa — Shanduka Group. Capacity: Former chief executive. Period: 2010–2015. [s-d143] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Phuthi Mahanyele-Dabengwa — Pan African Resources Plc. Capacity: Deputy chair. Period: 2012–2015. [s-d143] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Phuthi 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. [s-d143] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Phuthi Mahanyele-Dabengwa — Sibanye UK Ltd.. Capacity: Former non-executive director. Period: 2013–2015. [s-d143] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Phuthi Mahanyele-Dabengwa — Vodacom Group. Capacity: Director. Period: Source gives 2018-12-31; exact start and later status depend on the cited record. [s-d143] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Phuthi 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. [s-d143] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Hendrik 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. [s-d144] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Hendrik 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. [s-d144] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Hendrik 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. [s-d144] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Hendrik 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. [s-d144] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Hendrik 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. [s-d144] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Caroline 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. [s-d157] [s-d163] [s-d76] - 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. - Attributed: Phuthi 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. [s-d165] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Phuthi 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. [s-d165] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Phuthi 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. [s-d165] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Phuthi 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. [s-d165] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Phuthi 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. [s-d165] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Phuthi 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. [s-d165] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Mark Remon Sorour — VK Company Limited. Capacity: Director or board member. Period: Historical VK board mandate; ended 3 March 2022. [s-d171] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Mark 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. [s-d171] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Mark 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. [s-d171] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Craig 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. [s-d172] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Craig 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. [s-d172] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Craig 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. [s-d172] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Craig Lawrence Enenstein — Omninet Capital. Capacity: Former investment director. Period: 2002–2005. [s-d172] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Craig Lawrence Enenstein — Liberty Digital, Inc.. Capacity: Former principal. Period: 1999–2002. [s-d172] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Craig 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. [s-d172] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Ervin 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. [s-d173] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Ervin 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. [s-d173] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Ervin 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. [s-d120] [s-d123] [s-d125] [s-d17] [s-d173] [s-d175] [s-d177] [s-d23] [s-d231] [s-d282] [s-d29] [s-d303] - 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. - Attributed: Lynelle Bagwandeen — Netcare Limited. Capacity: Former company secretary and general counsel. Period: 2011–2020. [s-d174] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Lynelle 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. [s-d174] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Lynelle 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. [s-d174] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Stephan 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. [s-d117] [s-d17] [s-d175] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Stephan 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. [s-d117] [s-d17] [s-d175] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Stephan 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. [s-d117] [s-d17] [s-d175] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Stephan 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. [s-d117] [s-d17] [s-d175] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Stephan 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. [s-d117] [s-d17] [s-d175] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Stephan 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. [s-d117] [s-d17] [s-d175] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Sharmistha (Shar) Dubey — Match Group, Inc.. Capacity: Director; former CEO during 2020–2022. Period: Director since 2019; any combined CEO capacity ended in 2022. [s-d132] [s-d176] [s-d400] - 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. - Attributed: Sharmistha (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. [s-d132] [s-d176] [s-d400] - 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. - Attributed: Sharmistha (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. [s-d132] [s-d176] [s-d400] - 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. - Attributed: Sharmistha (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. [s-d132] [s-d176] [s-d400] - 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. - Attributed: Fabricio 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. [s-d177] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Manisha 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. [s-d181] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Manisha 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. [s-d181] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Manisha 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. [s-d181] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Manisha 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. [s-d181] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Rachel 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. [s-d182] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Rachel 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. [s-d182] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Rachel Catharina Cornelia Jafta — Media24 Proprietary Limited. Capacity: Board chair. Period: Source gives 2013; exact start and later status depend on the cited record. [s-d182] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Rachel Catharina Cornelia Jafta — Cape Town Carnival Trust. Capacity: Trust chair. Period: Source gives 2008; exact start and later status depend on the cited record. [s-d182] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Rachel 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. [s-d182] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Ying 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. [s-d183] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Ying 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. [s-d183] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Ying 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. [s-d183] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Ying 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. [s-d183] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Ying 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. [s-d183] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Debra 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. [s-d184] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Debra 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. [s-d184] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Debra 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. [s-d184] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Debra 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. [s-d184] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Debra 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. [s-d184] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Angelien 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. [s-d215] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Angelien 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. [s-d215] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Angelien 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. [s-d215] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Angelien 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. [s-d215] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Angelien Gertruda Zinnia Kemna — AXA Investment Managers SA. Capacity: Director or board member. Period: Historical AXA Investment Managers board mandate, 2019–2025. [s-d215] [s-d322] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Angelien Gertruda Zinnia Kemna — Proxima. Capacity: Founder. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d215] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Angelien 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. [s-d215] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Angelien Gertruda Zinnia Kemna — Goldman Sachs Advisors BV. Capacity: Former regional chief executive. Period: 2002–2007. [s-d215] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Angelien 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. [s-d215] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Angelien 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. [s-d215] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Angelien 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. [s-d215] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Roberto 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. [s-d216] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Roberto 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. [s-d216] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Roberto 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. [s-d216] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Roberto Oliveira de Lima — Fundacao Mata Atlantica. Capacity: Director or board member. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d216] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Roberto Oliveira de Lima — Lide Grupo De Líderes Empresariais. Capacity: Director or board member. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d216] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Roberto Oliveira de Lima — Confederação Nacional do Comércio de Bens. Capacity: Professional leadership capacity in career account. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d216] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Roberto Oliveira de Lima — Naspers Limited. Capacity: Director or board member. Period: Historical board mandate; retired effective 1 July 2026. [s-d120] [s-d123] [s-d125] [s-d17] [s-d175] [s-d177] [s-d216] [s-d23] [s-d231] [s-d282] [s-d29] [s-d303] - 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. - Attributed: Roberto Oliveira de Lima — Prosus N.V.. Capacity: Director or board member. Period: Historical board mandate; retired effective 1 July 2026. [s-d120] [s-d123] [s-d125] [s-d17] [s-d175] [s-d177] [s-d216] [s-d23] [s-d231] [s-d282] [s-d29] [s-d303] - 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. - Attributed: Arnold (AJ) Goldberg — PayPal. Capacity: Former merchant-products executive. Period: 2013–2021. [s-d217] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Arnold (AJ) Goldberg — Google. Capacity: Former payments vice-president and general manager. Period: 2022-01–2025-06. [s-d217] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Arnold (AJ) Goldberg — eBay. Capacity: Historical leadership role in biography. Period: Leadership roles during combined Hyperion/eBay career interval 2000–2008; individual-company tenure not established. [s-d217] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Arnold (AJ) Goldberg — Hyperion Solutions. Capacity: Historical leadership role in biography. Period: Leadership roles during combined Hyperion/eBay career interval 2000–2008; individual-company tenure not established. [s-d217] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Arnold (AJ) Goldberg — LinkedIn. Capacity: Historical leadership role in biography. Period: Source recorded 2026-05-20; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d217] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Arnold (AJ) Goldberg — Box. Capacity: Historical leadership role in biography. Period: Source recorded 2026-05-20; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d217] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Theunissen (Ton) Vosloo — Naspers Limited. Capacity: Former non-executive chair. Period: Historical Naspers chair, succeeded in April 2015. [s-d218] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Theunissen (Ton) Vosloo — Media24 Proprietary Limited. Capacity: Historical chair in dated biography. Period: Source recorded 2004; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d218] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Theunissen (Ton) Vosloo — Nasboek. Capacity: Historical chair in dated biography. Period: Source recorded 2004; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d218] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Theunissen (Ton) Vosloo — MIH pay television group. Capacity: Historical chair in dated biography. Period: Source recorded 2004; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d218] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Theunissen (Ton) Vosloo — Sanlam Limited. Capacity: Historical non-executive chair. Period: Source recorded 2004; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d218] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Theunissen (Ton) Vosloo — Worldwide Fund for Nature SA. Capacity: Former chair, ended September 2004. Period: Ended by 2004-09. [s-d218] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Theunissen (Ton) Vosloo — Cape Philharmonic Orchestra. Capacity: Historical chair in dated biography. Period: Source recorded 2004; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d218] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Theunissen (Ton) Vosloo — Naspers Limited. Capacity: Historical managing director and executive chair. Period: Historical Naspers chair, succeeded in April 2015. [s-d218] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Theunissen (Ton) Vosloo — Beeld. Capacity: Former newspaper editor. Period: 1977–1983. [s-d218] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Merlin Norman — Takealot Fulfilment Solutions. Capacity: TFS marketing head. Period: Source recorded 2026; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d220] [s-d227] - 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. - Attributed: Mark Remon Sorour — Naspers Limited. Capacity: Former group investment executive; subsequently non-executive director. Period: Group employment began 1994; investment/executive role ended 31 March 2018; non-executive board service continued. [s-d230] [s-d9] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Mark Remon Sorour — VK Company Limited. Capacity: Former non-executive director. Period: Historical VK board mandate; ended 3 March 2022. [s-d171] [s-d230] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Nico Marais — Naspers Limited. Capacity: Financial director. Period: Interim CFO from December 2024; permanent CFO from 29 April 2025; Naspers directorship effective then, Prosus appointment separately subject to approval. [s-d120] [s-d125] [s-d17] [s-d177] [s-d231] [s-d282] - 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. - Attributed: Nico Marais — Prosus N.V.. Capacity: Director or board member. Period: Interim CFO from December 2024; permanent CFO from 29 April 2025; Naspers directorship effective then, Prosus appointment separately subject to approval. [s-d120] [s-d125] [s-d17] [s-d177] [s-d231] [s-d282] - 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. - Attributed: Jacobus Petrus (Koos) Bekker — M-Net. Capacity: Co-founder of pay-TV service. Period: Source recorded 2026; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d232] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Jacobus Petrus (Koos) Bekker — MTN Group Limited. Capacity: Founding director. Period: Source recorded 2026; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d232] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Jacobus Petrus (Koos) Bekker — Naspers Limited. Capacity: Former chief executive from 1997. Period: Historical Naspers CEO mandate, 1997–31 March 2014. [s-d123] [s-d17] [s-d175] [s-d23] [s-d232] [s-d29] [s-d303] - 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. - Attributed: Nico Marais — Prosus N.V.. 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. [s-d120] [s-d123] [s-d125] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d233] [s-d282] [s-d29] [s-d303] - 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. - Attributed: Frederik Zietsman — Takealot Group. Capacity: Takealot group chief executive. Period: Source recorded 2025-11-25; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d233] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Stephan Johannes Zymon (Steve) Pacak — Naspers Limited. Capacity: Former executive, later 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. [s-d117] [s-d120] [s-d123] [s-d125] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d270] [s-d282] [s-d29] [s-d303] - 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. - Attributed: Stephan Johannes Zymon (Steve) Pacak — MultiChoice (Pty) Ltd. Capacity: Former director. Period: Historical mandate; group CFO ended 30 June 2014; later board roles ended no later than his death on 20 April 2026. [s-d117] [s-d17] [s-d270] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Phuthi Mahanyele-Dabengwa — Shanduka Group. Capacity: Former Shanduka chief executive; career separately corroborated. Period: Source recorded 2024-08-06; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d273] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Fabricio Bloisi Rocha — iFood. Capacity: Former iFood chief executive responding to exclusivity allegations. Period: Source recorded 2022-08-25; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d275] [s-supp-review-ifood-tcc] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The competitors’ cited 80% share concerned their asserted market definition; iFood disputed equating the app market with all food delivery. An interim measure and an allegation of non-compliance are not a final finding of every alleged practice. - Response: Bloisi said iFood considered its conduct lawful, had renewed existing arrangements rather than adding new ones, and had reduced the exclusive-restaurant proportion from 11% to 8%. Other iFood executives cited multi-platform restaurant chains, logistics investment and orders placed directly through restaurants or messaging apps. They disputed informal exclusivity and said they supplied data to Cade weekly. - Outcome: On 8 February 2023, Cade agreed a 54-month cessation commitment with iFood, monitored by a trustee. It barred exclusivity with brands of at least 30 restaurants and capped smaller-brand exclusivity nationally at 25% of platform GMV and locally at 8% of active restaurants in cities above 500,000 residents. It also restricted price-parity clauses and restraints on competing platforms. This negotiated settlement is the later outcome of the investigation, not a criminal conviction or a blanket clearance of the earlier allegations. - Attributed: Bob van Dijk — Naspers Limited. Capacity: Former chief executive. Period: CEO and board mandate ended 18 September 2023; transitional adviser until 30 September 2024. [s-d120] [s-d123] [s-d125] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d280] [s-d282] [s-d29] [s-d303] [s-d353] - 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. - Attributed: Ivan Vladimirovich Tavrin — Kismet Capital Group LLC. Capacity: Founder of Kismet. Period: Source recorded 2022-10-14; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d253] [s-d281] [s-d383] [s-supp-prosus-fy23] - 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. - Attributed: Vasileios (Basil) Sgourdos — MultiChoice (Pty) Ltd. Capacity: Former finance manager of South African business. Period: Source gives 1994; exact start and later status depend on the cited record. [s-d282] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Vasileios (Basil) Sgourdos — Naspers Limited. Capacity: Former group chief financial officer. Period: CFO and executive mandate ended 30 November 2024. [s-d120] [s-d123] [s-d125] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d282] [s-d29] [s-d303] - 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. - Attributed: Vasileios (Basil) Sgourdos — Prosus N.V.. Capacity: Former group chief financial officer. Period: CFO and executive mandate ended 30 November 2024. [s-d120] [s-d123] [s-d125] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d282] [s-d29] [s-d303] - 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. - Attributed: Ervin Tu — Naspers Limited. Capacity: Former group president and investment chief. 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. [s-d120] [s-d123] [s-d125] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d282] [s-d29] [s-d303] - 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. - Attributed: Jacobus Petrus (Koos) Bekker — Naspers Limited. Capacity: Historical Naspers CEO at time of disputed events. Period: Source recorded 2014-05; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d123] [s-d17] [s-d175] [s-d23] [s-d29] [s-d294] [s-d303] - 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. - Attributed: Bob van Dijk — Naspers Limited. Capacity: Former chief executive commenting on internal review. Period: CEO and board mandate ended 18 September 2023; transitional adviser until 30 September 2024. [s-d120] [s-d232] [s-d294] [s-d295] [s-d296] [s-supp-zondo-lobbying-outcome] - 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. - Attributed: Shamiela Letsoalo — Naspers Limited. Capacity: Corporate spokesperson. Period: Source recorded 2020-02-26; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d232] [s-d294] [s-d295] [s-d296] [s-supp-zondo-lobbying-outcome] - 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. - Attributed: Rachel Catharina Cornelia Jafta — Prosus N.V.. Capacity: Director facing investor opposition to re-election. Period: Source recorded 2026-08-26; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d117] [s-d302] [s-d315] [s-d320] [s-d360] [s-d74] - 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. - Attributed: Mark Remon Sorour — Prosus N.V.. Capacity: Director facing investor opposition to re-election. Period: Source recorded 2026-08-26; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d117] [s-d302] [s-d315] [s-d320] [s-d360] [s-d74] - 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. - Attributed: Manisha Girotra — Prosus N.V.. Capacity: Director facing proxy-adviser opposition over board workload. Period: Source recorded 2026-08-26; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d117] [s-d302] [s-d315] [s-d320] [s-d360] [s-d74] - 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. - Attributed: Mark Remon Sorour — Naspers Limited. Capacity: Former executive subsequently serving on board. Period: Source recorded 2026-08-26; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d117] [s-d302] [s-d315] [s-d320] [s-d360] [s-d74] - 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. - Attributed: Rachel Catharina Cornelia Jafta — Naspers Limited. Capacity: Long-serving Naspers director. Period: Source recorded 2026-08-26; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d117] [s-d302] [s-d315] [s-d320] [s-d360] [s-d74] - 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. - Attributed: Jacobus Petrus (Koos) Bekker — Naspers Limited. Capacity: Chair with announced future retirement plan, not completed departure. Period: Chair at retained 2026 AGM; retirement planned in financial year ending March 2028, not a completed departure. [s-d123] [s-d17] [s-d175] [s-d23] [s-d29] [s-d303] - 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. - Attributed: Jacobus Petrus (Koos) Bekker — Prosus N.V.. Capacity: Chair with announced future retirement plan, not completed departure. Period: Chair at retained 2026 AGM; retirement planned in financial year ending March 2028, not a completed departure. [s-d123] [s-d17] [s-d175] [s-d23] [s-d29] [s-d303] - 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. - Attributed: Manisha Girotra — Naspers Limited. Capacity: Director and audit member. Period: Source recorded 2026-06-29; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d309] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Angelien Gertruda Zinnia Kemna — Naspers Limited. Capacity: Audit-committee member. Period: Source recorded 2026-06-29; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d309] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Rachel Catharina Cornelia Jafta — Naspers Limited. Capacity: Non-executive director re-elected at 2026 AGM. Period: Source recorded 2026-08-27; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d309] [s-d320] [s-d360] - 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. - Attributed: Angelien Gertruda Zinnia Kemna — Prosus N.V.. Capacity: Non-executive director. Period: Source gives 2021; exact start and later status depend on the cited record. [s-d322] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Angelien Gertruda Zinnia Kemna — NIBC. Capacity: Supervisory-board member and deputy chair. Period: Source gives 2018; exact start and later status depend on the cited record. [s-d322] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Angelien Gertruda Zinnia Kemna — AXA Group. Capacity: Non-executive director. Period: Source gives 2016; exact start and later status depend on the cited record. [s-d322] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Angelien Gertruda Zinnia Kemna — AXA Investment Managers SA. Capacity: Former senior independent board member. Period: Historical AXA Investment Managers board mandate, 2019–2025. [s-d322] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Angelien Gertruda Zinnia Kemna — Koninklijke FrieslandCampina. Capacity: Former supervisory-board member. Period: Historical parent-company supervisory-board mandate, 2019–2023. [s-d322] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Angelien Gertruda Zinnia Kemna — APG Groep. Capacity: Former CFRO, previously chief investment officer. Period: 2009–2017. [s-d322] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Angelien Gertruda Zinnia Kemna — ING Groep N.V.. Capacity: Former investment-management executive in dated career account. Period: 2001–2004. [s-d322] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Mamongae Mahlare — Takealot Group. Capacity: Historical CEO named in employee-review website; stale card not current roster. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d341] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Frederik Zietsman — Takealot Group. Capacity: CEO named in employee-review website, separately supported by 2025 reporting. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d341] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Ivan Vladimirovich Tavrin — Kismet Capital Group LLC. Capacity: Founder of Kismet. Period: Source recorded 2022-10-17; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d343] [s-d345] [s-d365] [s-d390] - 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. - Attributed: Ivan Vladimirovich Tavrin — MEGAFON PAO. Capacity: Former chief executive. Period: Source recorded 2023-12-12; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d345] [s-d365] [s-d390] - 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. - Attributed: Jacobus du Toit (Cobus) Stofberg — MIH Holdings Proprietary Limited. Capacity: Former MIH chief executive, earlier chief operating officer. Period: 1997–2011. [s-d346] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Calvo Mawela — MultiChoice Group Limited. Capacity: MultiChoice group chief executive in dated account. Period: Source recorded 2025-09-17; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d347] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Theunissen (Ton) Vosloo — Jacobus Petrus (Koos) Bekker. Capacity: Predecessor to Bekker as chair. Period: Source gives 2015; exact start and later status depend on the cited record. [s-d353] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Boetie van Zyl — Naspers Limited. Capacity: Former independent non-executive director. Period: 1988-01–2015-04-17. [s-d353] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Yuanhe Ma — Naspers Limited. Capacity: Former group-company director; exact subsidiary not established. Period: 2003-02–2015-04-17. [s-d353] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Fred Phaswana — Naspers Limited. Capacity: Historical lead independent director. Period: Historical board role; ended 31 March 2020. [s-d123] [s-d353] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Ben van der Ross — Naspers Limited. Capacity: Director. Period: Historical board role; ended 31 March 2022. [s-d123] [s-d353] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Don (Donald Gordon) Eriksson — Naspers Limited. Capacity: Director. Period: Historical board role; ended 31 March 2021. [s-d123] [s-d353] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Francine-Ann (Fran) du Plessis — Naspers Limited. Capacity: Director. Period: Historical board role; ended 28 May 2015. [s-d123] [s-d353] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Fabricio Bloisi Rocha — Naspers Limited. Capacity: Executive director and chief executive. Period: Group CEO from 1 July 2024; later record may separately concern committee or award capacity. [s-d120] [s-d123] [s-d125] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d282] [s-d29] [s-d303] [s-d360] - 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. - Attributed: Francis Lehlohonolo Napo (Nolo) Letele — Naspers Limited. Capacity: Director. Period: Source gives 2024; exact start and later status depend on the cited record. [s-d360] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Craig Lawrence Enenstein — Naspers Limited. Capacity: Human-resources and remuneration-committee chair. Period: Source recorded 2024-08-22; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d117] [s-d302] [s-d315] [s-d320] [s-d360] [s-d74] - 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. - Attributed: Ishmet Davidson — Media24 Proprietary Limited. Capacity: Media24 chief executive. Period: Source recorded 2024-07-12; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d363] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Ishmet Davidson — Media24 Proprietary Limited. Capacity: Media24 chief executive. Period: Source recorded 2020-07-07; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d179] [s-d354] [s-d363] [s-d364] [s-d384] - 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. - Attributed: Theunissen (Ton) Vosloo — M-Net. Capacity: Former chair. Period: Source recorded 2015-04-21; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d373] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Theunissen (Ton) Vosloo — World Wildlife Foundation South Africa. Capacity: Former chair. Period: Source recorded 2015-04-21; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d373] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Theunissen (Ton) Vosloo — Cape Philharmonic Orchestra. Capacity: Former chair. Period: Source recorded 2015-04-21; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d373] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Fred Phaswana — Naspers Limited. Capacity: Former independent non-executive director. Period: Historical board role; ended 31 March 2020. [s-d123] [s-d378] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Ben van der Ross — Naspers Limited. Capacity: Former independent non-executive director. Period: Historical board role; ended 31 March 2022. [s-d123] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Don (Donald Gordon) Eriksson — Naspers Limited. Capacity: Former independent non-executive director. Period: Historical board role; ended 31 March 2021. [s-d123] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Francine-Ann (Fran) du Plessis — Naspers Limited. Capacity: Former independent non-executive director. Period: Historical board role; ended 28 May 2015. [s-d123] [s-d378] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Fred Phaswana — BP Southern Africa (Pty) Limited. Capacity: Historical chair in annual-report biography. Period: Source recorded 2004-03-31; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d378] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Fred Phaswana — BP plc. Capacity: Historical regional president, Africa. Period: Source recorded 2004-03-31; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d378] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Fred Phaswana — Anglo American. Capacity: Director. Period: Source recorded 2004-03-31; underlying appointment or transaction date and later status are not inferred from retrieval; historical snapshot, not a current roster. [s-d378] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Fred Phaswana — South African National Energy Association. Capacity: Historical chair in annual-report biography. Period: Source recorded 2004-03-31; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d378] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Fred Phaswana — South African Institute of International Affairs. Capacity: Historical chair in annual-report biography. Period: Source recorded 2004-03-31; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d378] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Ben van der Ross — Bonatla Property Holdings. Capacity: Historical chair in annual-report biography. Period: Source recorded 2004-03-31; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d378] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Ben van der Ross — Pick 'n Pay Stores Limited. Capacity: Director. Period: Source recorded 2004-03-31; underlying appointment or transaction date and later status are not inferred from retrieval; historical snapshot, not a current roster. [s-d378] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Ben van der Ross — Business South Africa. Capacity: Former chief executive. Period: Source recorded 2004-03-31; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d378] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Francine-Ann (Fran) du Plessis — Loubser du Plessis Inc. Capacity: Director. Period: Source recorded 2004-03-31; underlying appointment or transaction date and later status are not inferred from retrieval; historical snapshot, not a current roster. [s-d378] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Francine-Ann (Fran) du Plessis — Industrial Development Corporation of South Africa. Capacity: Director. Period: Source recorded 2004-03-31; underlying appointment or transaction date and later status are not inferred from retrieval; historical snapshot, not a current roster. [s-d378] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Francine-Ann (Fran) du Plessis — Sanlam Limited. Capacity: Director. Period: Source recorded 2004-03-31; underlying appointment or transaction date and later status are not inferred from retrieval; historical snapshot, not a current roster. [s-d378] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Francine-Ann (Fran) du Plessis — KWV group. Capacity: Director. Period: Source recorded 2004-03-31; underlying appointment or transaction date and later status are not inferred from retrieval; historical snapshot, not a current roster. [s-d378] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Rachel Catharina Cornelia Jafta — Naspers Limited. Capacity: Independent non-executive director. Period: Source gives 2003-10-23; exact start and later status depend on the cited record; historical snapshot, not a current roster. [s-d378] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Ivan Vladimirovich Tavrin — Kismet Capital Group LLC. Capacity: Chief executive in dated Kismet profile. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d345] [s-d365] [s-d382] [s-d390] - 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. - Attributed: Ivan Vladimirovich Tavrin — Kismet Capital Group LLC. Capacity: Founder in dated Kismet profile. Period: Source gives 2016; exact start and later status depend on the cited record. [s-d345] [s-d365] [s-d382] [s-d390] - 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. - Attributed: Don (Donald Gordon) Eriksson — Insurance Outsourcing Managers Holdings Ltd.. Capacity: Chair in retained biographical source. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d387] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Don (Donald Gordon) Eriksson — Renasa Insurance Co. Ltd.. Capacity: Chair in retained biographical source. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d387] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Don (Donald Gordon) Eriksson — Oakleaf Insurance Co. Ltd.. Capacity: Chair in retained biographical source. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d387] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Don (Donald Gordon) Eriksson — MultiChoice South Africa Holdings Proprietary Limited. Capacity: Director. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d387] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Don (Donald Gordon) Eriksson — MultiChoice Group Limited. Capacity: Former independent non-executive director. Period: 2018–2020. [s-d387] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Don (Donald Gordon) Eriksson — Prosus N.V.. Capacity: Former independent non-executive director. Period: Historical Prosus board mandate, 2019–2021. [s-d387] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Sipho Maseko — Afrifund Investments (management business). Capacity: Leader of Afrifund Investments. Period: Source recorded 2025-09-16; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d385] [s-d391] [s-d402] [s-d86] - 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. - Attributed: Jacobus du Toit (Cobus) Stofberg — Naspers Limited. Capacity: Director. Period: Historical board mandate; retired 19 August 2025. [s-d120] [s-d123] [s-d125] [s-d17] [s-d175] [s-d177] [s-d23] [s-d231] [s-d282] [s-d29] [s-d303] [s-d394] - 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. - Attributed: Jacobus du Toit (Cobus) Stofberg — Coopers & Lybrand. Capacity: Former accounting-firm partner. Period: Source recorded 2025-08-20; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d394] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Nasionale Pers — M-Net Limited. Capacity: Participant in formation of M-Net business. Period: Source recorded 2012-11-30; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d399] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Jacobus Petrus (Koos) Bekker — MIH Holdings Proprietary Limited. Capacity: Former group MIH chief executive. Period: 1991–1997. [s-d399] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Jacobus Petrus (Koos) Bekker — M-Net Limited. Capacity: Historical M-Net chief executive. Period: Source gives 1984; exact start and later status depend on the cited record. [s-d399] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Sharmistha (Shar) Dubey — Fortive Corporation. Capacity: Fortive chair from January 2025, director since 2020. Period: Director since 2020; chair effective 29 January 2025; other committee capacities retain their dated source scope. [s-d132] [s-d176] [s-d400] - 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. - Attributed: Sharmistha (Shar) Dubey — Alan G. Spoon. Capacity: Succeeded Spoon as Fortive chair. Period: Source recorded 2025-01-29; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d132] [s-d176] [s-d400] - 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. - Attributed: Sharmistha (Shar) Dubey — Match Group, Inc.. Capacity: Match director since 2019; CEO only during 2020–2022. Period: Director since 2019; any combined CEO capacity ended in 2022. [s-d132] [s-d176] [s-d400] - 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. - Attributed: Sharmistha (Shar) Dubey — Naspers Limited. Capacity: Director. Period: Source gives 2022; exact start and later status depend on the cited record. [s-d132] [s-d176] [s-d400] - 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. - Attributed: Sharmistha (Shar) Dubey — Prosus N.V.. Capacity: Director. Period: Source gives 2022; exact start and later status depend on the cited record. [s-d132] [s-d176] [s-d400] - 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. ## Business capacities - Attributed: Naspers Limited — Johannesburg Stock Exchange. Capacity: Primary listing, NPN.SJ. Period: Source recorded 2026-06-29; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d8] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Limited — A2X Exchange. Capacity: Secondary listing, NPN.AJ. Period: Source recorded 2026-06-29; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d8] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Limited — Takealot Group. Capacity: Group 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. [s-d8] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Limited — Mr D Food. Capacity: Group 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. [s-d8] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Limited — Autotrader. Capacity: Group 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. [s-d8] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Limited — Property24. Capacity: Group 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. [s-d8] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Limited — PayU (group brand; legal entities distinguished). Capacity: Group 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. [s-d8] - 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. - Attributed: Naspers Limited — The Meeting Specialist Proprietary Limited. Capacity: Client of virtual annual-meeting host. Period: Source recorded 2026-06-29; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d8] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Limited — Investec Bank Limited. Capacity: Issuer using JSE sponsor. Period: Source recorded 2026-06-29; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d8] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Deloitte & Touche — Naspers Limited. Capacity: Independent auditor. Period: Source recorded 2026-06-27; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d17] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Limited — JSE Investor Services Proprietary Limited. Capacity: Issuer using transfer secretary. Period: Source recorded 2026-06-27; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d17] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Limited — Webber Wentzel. Capacity: Client of legal adviser. Period: Source recorded 2026-06-27; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d17] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Limited — Werksmans Inc.. Capacity: Client of legal adviser. Period: Source recorded 2026-06-27; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d17] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Limited — Bank of New York Mellon. Capacity: Issuer using ADR depositary. Period: Source recorded 2026-06-27; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d17] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Limited — Johannesburg Stock Exchange. Capacity: Bond-listing relationship described by company. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d20] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Limited — Companies and Intellectual Property Commission. Capacity: Registered entity subject to CIPC. Period: Source recorded 2025-09-15; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d34] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Limited — Superbalist (retail business). Capacity: Historical portfolio investment. Period: Historical Superbalist portfolio relationship; disposal during six months ended 30 September 2024. [s-d35] [s-d395] [s-supp-review-superbalist-disposal] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The report establishes the disposal period, not an exact completion day. Older group privacy, recruitment and security-contact lists may describe a former portfolio relationship and cannot by themselves establish continuing ownership. - Outcome: Superbalist is retained as a historical portfolio business. Its later appearance beside Takealot or Mr D in a shared notice does not reverse the disclosed disposal. - Attributed: Naspers Limited — OLX (group brand; operating legal entity varies). Capacity: Reported portfolio investment; exact OLX legal-entity mapping unresolved. Period: Source recorded 2021-11-03; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d108] [s-d272] [s-d321] [s-d35] [s-d351] [s-d98] - 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. 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. - Attributed: Public Investment Corporation SOC Ltd. — Naspers Limited. Capacity: Reported investment-manager position, 22.53%. Period: Investment-manager position in dated shareholder table; not personal or manager beneficial ownership. [s-d48] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: M&G Investment Managers (Pty) Ltd. — Naspers Limited. Capacity: Reported investment-manager position, 0.9065%. Period: Investment-manager position in dated shareholder table; not personal or manager beneficial ownership. [s-d48] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Satrix Managers (RF) Pty Ltd. — Naspers Limited. Capacity: Reported investment-manager position, 0.6889%. Period: Investment-manager position in dated shareholder table; not personal or manager beneficial ownership. [s-d48] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Fidelity Management & Research (Hong Kong) Ltd. — Naspers Limited. Capacity: Reported investment-manager position, 0.4401%. Period: Investment-manager position in dated shareholder table; not personal or manager beneficial ownership. [s-d48] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Sanlam Investment Management (Pty) Ltd. — Naspers Limited. Capacity: Reported investment-manager position, 0.1673%. Period: Investment-manager position in dated shareholder table; not personal or manager beneficial ownership. [s-d48] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Prosus N.V. — S&P Global Ratings. Capacity: Issuer rated by agency. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d61] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Prosus N.V. — Moody's Investors Service. Capacity: Issuer rated by agency. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d61] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Prosus N.V. — Irish Stock Exchange Plc. Capacity: Bond-listing venue. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d61] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Limited — CSC Corporate Domains, Inc.. Capacity: Domain-registration customer. Period: Source recorded 2026-07-15; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d69] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Prosus N.V. — Euronext Amsterdam. Capacity: Listing on Euronext Amsterdam. Period: Source recorded 2024-11-27; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d75] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Limited — Capabuild. Capacity: Tax-capacity-building partner. Period: Source gives 2017; exact start and later status depend on the cited record. [s-d76] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: OLX (group brand; operating legal entity varies) — La Centrale. Capacity: Business integrated into OLX operations. Period: Source gives 2025-11; exact start and later status depend on the cited record. [s-d17] [s-d233] [s-d64] [s-d85] [s-d86] [s-d87] - 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. - Attributed: Prosus N.V. — Euronext Amsterdam. Capacity: Primary exchange listing. Period: Source gives 2019-09; exact start and later status depend on the cited record. [s-d85] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Prosus N.V. — Johannesburg Stock Exchange. Capacity: Secondary exchange listing. Period: Source gives 2019-09; exact start and later status depend on the cited record. [s-d85] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Limited — PCCW. Capacity: Purchaser of Tencent shares from counterparty. Period: Tencent share acquisition reported May 2001; counterparty is the seller, not the acquired company. [s-d86] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Limited — IDG Capital. Capacity: Purchaser of Tencent shares from counterparty. Period: Tencent share acquisition reported May 2001; counterparty is the seller, not the acquired company. [s-d86] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Takealot Group — Competition Commission. Capacity: Operator subject to online-platform inquiry measures. Period: Source gives 2023-07; exact start and later status depend on the cited record. [s-d108] [s-d272] [s-d321] [s-d35] [s-d351] [s-d98] - 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. - Attributed: PayU (group brand; legal entities distinguished) — Rapyd. Capacity: Seller of GPO operations to Rapyd; India excluded. Period: Source recorded 2025-05-13; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d17] [s-d99] - 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. - Attributed: Naspers Limited — Novus Holdings Limited. Capacity: Group parent connected with proposed Novus transaction. Period: Source recorded 2017-06-08; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d103] [s-d107] [s-d314] [s-d317] [s-d318] [s-d381] - 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. - Attributed: Naspers Limited — Myriad International Holdings B.V.. Capacity: Guarantor of group borrower’s historical bonds and facility. Period: Source recorded 2014-03-31; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d105] [s-d124] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. This is a March 2014 financing snapshot, not the present balance sheet. The note regarded interest-free loans as a long-term source of subsidiary capital; that accounting treatment does not turn each loan into a new equity percentage. Separate historical bond and credit-facility disclosures identify the borrower and Naspers’ guarantee, while contemporary bonds are issued by Prosus. - Attributed: Takealot Group — Competition Commission. Capacity: Operator subject to online-platform inquiry measures. Period: Source recorded 2026-02; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d108] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Limited — Tencent Holdings Limited. Capacity: Seller of Level Up interest to Tencent. Period: Source recorded 2014-01; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d117] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: MIH India Global Internet Limited — Tencent Technology (Shenzhen) Company Limited. Capacity: Group financing relationship with shareholder lender. Period: Source gives 2008-12; exact start and later status depend on the cited record. [s-d105] [s-d117] [s-d124] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. This is a March 2014 financing snapshot, not the present balance sheet. The note regarded interest-free loans as a long-term source of subsidiary capital; that accounting treatment does not turn each loan into a new equity percentage. Separate historical bond and credit-facility disclosures identify the borrower and Naspers’ guarantee, while contemporary bonds are issued by Prosus. - Attributed: Media24 Proprietary Limited — Paarl Media Holdings Proprietary Limited. Capacity: Proposed acquisition of remaining 5% after put exercise. Period: Put exercised November 2013; completion still subject to regulatory approval in 2014 disclosure. [s-d107] [s-d117] [s-d349] [s-d381] - 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. - Attributed: Media24 Proprietary Limited — Paarl Coldset Proprietary Limited. Capacity: Proposed acquisition of remaining 12.6% after put exercise. Period: Put exercised November 2013; completion still subject to regulatory approval in 2014 disclosure. [s-d107] [s-d117] [s-d349] [s-d381] - 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. - Attributed: Media24 Proprietary Limited — Retief family trust. Capacity: Prospective purchaser under exercised put option. Period: Put exercised November 2013; completion still subject to regulatory approval in 2014 disclosure. [s-d107] [s-d117] [s-d349] [s-d381] - 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. - Attributed: Vasileios (Basil) Sgourdos — Prosus N.V.. Capacity: Disclosed options; not equivalent to exercised equity. Period: Source recorded 2023-07-13; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d117] [s-d120] [s-d302] [s-d315] [s-d320] [s-d360] [s-d74] - 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. - Attributed: Takealot Group — Superbalist (retail business). Capacity: Historical group fashion-retail business. Period: Historical Superbalist portfolio relationship; disposal during six months ended 30 September 2024. [s-d122] [s-d395] [s-supp-review-superbalist-disposal] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The report establishes the disposal period, not an exact completion day. Older group privacy, recruitment and security-contact lists may describe a former portfolio relationship and cannot by themselves establish continuing ownership. - Outcome: Superbalist is retained as a historical portfolio business. Its later appearance beside Takealot or Mr D in a shared notice does not reverse the disclosed disposal. - Attributed: Naspers Limited — Media24 Holdings Proprietary Limited. Capacity: Parent lender to Media24 group, R120 million in 2014. Period: Balance at 31 March 2014; not a present loan balance. [s-d105] [s-d124] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. This is a March 2014 financing snapshot, not the present balance sheet. The note regarded interest-free loans as a long-term source of subsidiary capital; that accounting treatment does not turn each loan into a new equity percentage. Separate historical bond and credit-facility disclosures identify the borrower and Naspers’ guarantee, while contemporary bonds are issued by Prosus. - Attributed: Naspers Limited — MIH Holdings Proprietary Limited. Capacity: Parent lender to MIH Holdings group, R17.640 billion in 2014. Period: Balance at 31 March 2014; not a present loan balance. [s-d105] [s-d124] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. This is a March 2014 financing snapshot, not the present balance sheet. The note regarded interest-free loans as a long-term source of subsidiary capital; that accounting treatment does not turn each loan into a new equity percentage. Separate historical bond and credit-facility disclosures identify the borrower and Naspers’ guarantee, while contemporary bonds are issued by Prosus. - Attributed: Naspers Limited — Naspers Properties Proprietary Limited. Capacity: Parent lender, R273 million in 2014. Period: Balance at 31 March 2014; not a present loan balance. [s-d105] [s-d124] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. This is a March 2014 financing snapshot, not the present balance sheet. The note regarded interest-free loans as a long-term source of subsidiary capital; that accounting treatment does not turn each loan into a new equity percentage. Separate historical bond and credit-facility disclosures identify the borrower and Naspers’ guarantee, while contemporary bonds are issued by Prosus. - Attributed: Naspers Limited — Intelprop Proprietary Limited. Capacity: Parent lender, R17 million in 2014. Period: Balance at 31 March 2014; not a present loan balance. [s-d105] [s-d124] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. This is a March 2014 financing snapshot, not the present balance sheet. The note regarded interest-free loans as a long-term source of subsidiary capital; that accounting treatment does not turn each loan into a new equity percentage. Separate historical bond and credit-facility disclosures identify the borrower and Naspers’ guarantee, while contemporary bonds are issued by Prosus. - Attributed: Naspers Limited — Naspers Properties Proprietary Limited. Capacity: Parent lender; R180 million portion priced at prime plus 1% in 2014. Period: Balance at 31 March 2014; not a present loan balance. [s-d105] [s-d124] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. This is a March 2014 financing snapshot, not the present balance sheet. The note regarded interest-free loans as a long-term source of subsidiary capital; that accounting treatment does not turn each loan into a new equity percentage. Separate historical bond and credit-facility disclosures identify the borrower and Naspers’ guarantee, while contemporary bonds are issued by Prosus. - Attributed: Prosus N.V. — Delivery Hero. Capacity: Seller of 4.5 percentage points of Delivery Hero stake. Period: Ended by 2026. [s-d126] [s-d17] [s-d178] - 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. - Attributed: Prosus N.V. — Uber Technologies. Capacity: Seller of Delivery Hero interest to Uber. Period: Source recorded 2026-04-17; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d126] [s-d17] [s-d178] - 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. - Attributed: Prosus N.V. — European Commission. Capacity: Merger applicant subject to conditional EU approval. Period: Source recorded 2026-04-17; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d126] [s-d17] [s-d178] - 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. - Attributed: Naspers Limited — Takeaway.com. Capacity: Competing bidder in historical Just Eat contest. Period: Source recorded 2020; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d126] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Sanlam Limited — Jacobus Petrus (Koos) Bekker. Capacity: Seller to entities acting for buyer. Period: Source recorded 2006-01-26; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d137] [s-d346] - 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. - Attributed: Sanlam Limited — Jacobus du Toit (Cobus) Stofberg. Capacity: Seller to entities acting for buyer. Period: Source recorded 2006-01-26; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d137] [s-d346] - 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. - Attributed: Naspers Limited — PSG Capital. Capacity: Group whose protective structure was challenged by PSG-led bid. Period: Source recorded 2006-01-26; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d137] [s-d346] - 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. - Attributed: PSG Capital — Keeromstraat 30 Beleggings (RF) Limited. Capacity: Target of historical PSG-led hostile proposal. Period: Source recorded 2006-01-26; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d137] [s-d346] - 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. - Attributed: Prosus N.V. — European Commission. Capacity: Declared participant in Commission meetings. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d157] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Limited — European Commission. Capacity: Declared policy engagement with DG CONNECT. Period: Source recorded 2025-12-01; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d157] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Prosus N.V. — European Commission. Capacity: Declared policy engagement with DG Competition. Period: Source recorded 2025-12-02; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d157] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Prosus N.V. — European Commission. Capacity: Declared meeting with Commissioner’s cabinet on tax policy. Period: Source recorded 2025-05-26; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d157] [s-d163] [s-d76] - 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. - Attributed: Naspers Limited — Democratic Alliance. Capacity: Donor of R1 million in 2021 quarter disclosure. Period: Source recorded 2021-11-18; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d161] [s-d162] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Disclosed political contributions are not in themselves evidence of bribery, control of a party or editorial instructions to a newspaper. These dated reports do not purport to be a complete register of all later donations. - Attributed: Naspers Limited — African National Congress. Capacity: Donor of R1 million on 19 November 2021. Period: Source recorded 2021-11-19; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d161] [s-d162] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. Disclosed political contributions are not in themselves evidence of bribery, control of a party or editorial instructions to a newspaper. These dated reports do not purport to be a complete register of all later donations. - Attributed: Prosus N.V. — Aspex Management. Capacity: Seller of Delivery Hero interest to Aspex. Period: Source recorded 2026-05-11; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d126] [s-d17] [s-d178] - 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. - Attributed: Prosus N.V. — Delivery Hero. Capacity: Seller of 5 percentage points of Delivery Hero interest. Period: Source recorded 2026-05-11; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d126] [s-d17] [s-d178] - 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. - Attributed: Takealot Group — Superbalist (retail business). Capacity: Listed in historical group privacy notice; not proof of present ownership. Period: Historical Superbalist portfolio relationship; disposal during six months ended 30 September 2024. [s-d227] [s-d395] [s-supp-review-superbalist-disposal] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The report establishes the disposal period, not an exact completion day. Older group privacy, recruitment and security-contact lists may describe a former portfolio relationship and cannot by themselves establish continuing ownership. - Outcome: Superbalist is retained as a historical portfolio business. Its later appearance beside Takealot or Mr D in a shared notice does not reverse the disclosed disposal. - Attributed: MIH Bidco Holdings B.V. — Just Eat Takeaway.com B.V.. Capacity: Bidder for target company. Period: Source recorded 2025-05-19; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d237] - 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. - Attributed: Prosus N.V. — VK Company Limited. Capacity: Reported negotiations concerning Avito; no completed sale to VK. Period: Source recorded 2022-06; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d239] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Prosus N.V. — Vladimir Potanin. Capacity: Potential bidder mentioned in claimant’s pleading; no completed transaction. Period: Source recorded 2022-06; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d239] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Media24 Limited (historical party named in the 2005 judgment) — Nasionale Tydskrifte Ltd. Capacity: Historical sole parent of employer in 2005 judgment. Period: Source recorded 2005-06-01; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d251] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. This was civil employer liability. The appeal court did not need to decide the separate question of direct vicarious liability for the harasser’s own delict. The claimant’s identity and sensitive personal history are unnecessary to explain the corporate outcome and are withheld here. - Response: The defence relied in part on a group harassment policy in place since 1997 and raised jurisdictional and liability arguments. A policy’s existence did not answer the proven failure to prevent the harm. - Outcome: The appeals were dismissed with costs. The historical employer, Nasionale Tydskrifte, was then a wholly owned Media24 subsidiary; that does not establish a current ownership roster. - Attributed: Naspers Limited — Nasionale Tydskrifte Ltd. Capacity: Historical group employer described in policy evidence. Period: Source recorded 2005-06-01; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d251] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. This was civil employer liability. The appeal court did not need to decide the separate question of direct vicarious liability for the harasser’s own delict. The claimant’s identity and sensitive personal history are unnecessary to explain the corporate outcome and are withheld here. - Response: The defence relied in part on a group harassment policy in place since 1997 and raised jurisdictional and liability arguments. A policy’s existence did not answer the proven failure to prevent the harm. - Outcome: The appeals were dismissed with costs. The historical employer, Nasionale Tydskrifte, was then a wholly owned Media24 subsidiary; that does not establish a current ownership roster. - Attributed: Prosus N.V. — OLX Global B.V.. Capacity: Indirect group subsidiary acting as Avito transaction seller. Period: Source recorded 2022-10-14; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d253] [s-d281] [s-d383] [s-supp-prosus-fy23] - 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. - Attributed: Prosus N.V. — OLX B.V.. Capacity: Indirect group subsidiary acting as Avito transaction seller. Period: Source recorded 2022-10-14; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d253] [s-d281] [s-d383] [s-supp-prosus-fy23] - 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. - Attributed: Prosus N.V. — KEH Holdings B.V.. Capacity: Indirect group subsidiary acting as Avito transaction seller. Period: Source recorded 2022-10-14; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d253] [s-d281] [s-d383] [s-supp-prosus-fy23] - 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. - Attributed: Prosus N.V. — MIH Technology Holdings B.V.. Capacity: Indirect group subsidiary acting as Avito transaction seller. Period: Source recorded 2022-10-14; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d253] [s-d281] [s-d383] [s-supp-prosus-fy23] - 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. - Attributed: Prosus N.V. — Radio Reklama Vologda LLC. Capacity: Seller’s group dealing with Avito acquisition vehicle. Period: Source recorded 2022-10-14; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d253] [s-d281] [s-d383] [s-supp-prosus-fy23] - 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. - Attributed: Prosus N.V. — Infrastructure Holding-2 LLC. Capacity: Seller’s group dealing with Avito acquisition vehicle. Period: Source recorded 2022-10-14; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d253] [s-d281] [s-d383] [s-supp-prosus-fy23] - 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. - Attributed: Prosus N.V. — Kismet Capital Group LLC. Capacity: Seller’s group dealing with Kismet buyer group. Period: Source recorded 2022-10-14; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d253] [s-d281] [s-d383] [s-supp-prosus-fy23] - 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. - Attributed: Prosus N.V. — Ivan Vladimirovich Tavrin. Capacity: Seller’s group dealing with buyer’s disclosed beneficial owner. Period: Source recorded 2022-10-14; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d253] [s-d281] [s-d383] [s-supp-prosus-fy23] - 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. - Attributed: Naspers Limited — Investec Bank Limited. Capacity: Issuer using JSE sponsor. Period: Source recorded 2022-10-14; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d253] [s-d281] [s-d383] [s-supp-prosus-fy23] - 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. - Attributed: Naspers Limited — Electronic Media Network Limited. Capacity: Proposed acquisition of control in 2007 merger. Period: Source recorded 2007-10-08; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d257] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Limited — SuperSport International Holdings Limited. Capacity: Proposed acquisition of control in 2007 merger. Period: Source recorded 2007-10-08; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d257] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Limited — Caxton & CTP Publishers and Printers Limited. Capacity: Competing publishing group. Period: Source recorded 2007-10-08; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d257] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Takealot Group — Department of Employment and Labour. Capacity: Warehouse operator subject to labour-department inspection. Period: Source recorded 2022-09-28; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d267] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The department additionally reported arrests of undocumented foreign workers and two employers during the joint operation. That account does not establish that named Naspers executives were arrested or convicted. Warehouse conditions, contractor conduct and group-level responsibility must be distinguished. - Response: The retained departmental notice does not include a substantive Takealot reply. - Outcome: The notice establishes the inspection findings and enforcement steps at that date. A later adjudicated liability or final remediation outcome is not established in the retained evidence. - Attributed: Takealot Group — Competition Commission. Capacity: Operator within online-platform inquiry. Period: Source recorded 2021-02; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d108] [s-d272] [s-d321] [s-d35] [s-d351] [s-d98] - 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. - Attributed: Takealot Group — Superbalist (retail business). Capacity: Historical group fashion-retail platform. Period: Historical Superbalist portfolio relationship; disposal during six months ended 30 September 2024. [s-d272] [s-d395] [s-supp-review-superbalist-disposal] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The report establishes the disposal period, not an exact completion day. Older group privacy, recruitment and security-contact lists may describe a former portfolio relationship and cannot by themselves establish continuing ownership. - Outcome: Superbalist is retained as a historical portfolio business. Its later appearance beside Takealot or Mr D in a shared notice does not reverse the disclosed disposal. - Attributed: Tencent Holdings Limited — MIH India Global Internet Limited. Capacity: Option to acquire up to 50% less one share; not completed 50% ownership. Period: 2008 option arrangement; not evidence that maximum interest was acquired. [s-d278] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Kismet Capital Group LLC — Prosus N.V.. Capacity: Buyer group acquiring Avito from Prosus group. Period: Source recorded 2022-10-14; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d253] [s-d281] [s-d383] [s-supp-prosus-fy23] - 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. - Attributed: MultiChoice (Pty) Ltd — ANN7. Capacity: Reported channel-payment counterparty; allegations disputed. Period: Source recorded 2020-02-25; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d232] [s-d294] [s-d295] [s-d296] [s-supp-zondo-lobbying-outcome] - 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. - Attributed: Mohamed (Imtiaz) Ahmed Patel — South African Broadcasting Corporation (SOC) Ltd. Capacity: Negotiator on behalf of MultiChoice in channel discussions. Period: Source recorded 2017; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d232] [s-d294] [s-d295] [s-d296] [s-supp-zondo-lobbying-outcome] - 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. - Attributed: MultiChoice (Pty) Ltd — ANN7. Capacity: Reported ANN7 payment counterparty through MultiChoice. Period: Source recorded 2017-12-05; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d232] [s-d294] [s-d295] [s-d296] [s-supp-zondo-lobbying-outcome] - 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. - Attributed: MultiChoice (Pty) Ltd — South African Broadcasting Corporation (SOC) Ltd. Capacity: Channel and archive licensing agreement counterparty. Period: Source recorded 2020-02-25; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d179] [s-d296] [s-d323] [s-d361] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The Commission’s November 2018 report and April 2021 supplement concluded that the agreement could influence the SABC’s strategic direction. MultiChoice disputed that the pleaded facts constituted a merger and sought dismissal by exception. - Outcome: On 14 April 2025 the Tribunal dismissed that exception. It held that disputed factual and legal questions required oral evidence in their proper context. This allowed the main case to proceed; it was not yet a final merger-liability decision or a criminal finding. - Attributed: Storebrand ASA — Prosus N.V.. Capacity: Investment manager or fund exercising shareholder voting rights. Period: Source recorded 2026-08-26; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d117] [s-d302] [s-d315] [s-d320] [s-d360] [s-d74] - 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. - Attributed: Van Lanschot Kempen NV — Prosus N.V.. Capacity: Investment manager or fund exercising shareholder voting rights. Period: Source recorded 2026-08-26; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d117] [s-d302] [s-d315] [s-d320] [s-d360] [s-d74] - 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. - Attributed: Norges Bank Investment Management — Prosus N.V.. Capacity: Investment manager or fund exercising shareholder voting rights. Period: Source recorded 2026-08-26; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d117] [s-d302] [s-d315] [s-d320] [s-d360] [s-d74] - 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. - Attributed: California Public Employees’ Retirement System — Prosus N.V.. Capacity: Investment manager or fund exercising shareholder voting rights. Period: Source recorded 2026-08-26; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d117] [s-d302] [s-d315] [s-d320] [s-d360] [s-d74] - 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. - Attributed: California State Teachers Retirement System — Prosus N.V.. Capacity: Investment manager or fund exercising shareholder voting rights. Period: Source recorded 2026-08-26; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d117] [s-d302] [s-d315] [s-d320] [s-d360] [s-d74] - 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. - Attributed: Fabricio Bloisi Rocha — Storebrand ASA. Capacity: Executive whose proposed pay was criticised by investor. Period: Source recorded 2026-08-26; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d117] [s-d302] [s-d315] [s-d320] [s-d360] [s-d74] - 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. - Attributed: Deloitte & Touche — Naspers Limited. Capacity: Independent external auditor. Period: Source recorded 2026-06-29; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d309] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: James Welch — Naspers Limited. Capacity: Individual registered audit practitioner. Period: Source recorded 2026-06-29; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d309] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Sharmistha (Shar) Dubey — Naspers Limited. Capacity: Audit member proposed for re-election. Period: Source recorded 2026-06-29; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d309] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Rachel Catharina Cornelia Jafta — Naspers Limited. Capacity: Director proposed for re-election. Period: Source recorded 2026-06-29; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d309] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Mark Remon Sorour — Naspers Limited. Capacity: Director proposed for re-election. Period: Source recorded 2026-06-29; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d309] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Ying Xu — Naspers Limited. Capacity: Director proposed for re-election. Period: Source recorded 2026-06-29; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d309] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Media24 Proprietary Limited — Paarl Media Holdings Proprietary Limited. Capacity: Co-party in proposed printing merger. Period: Source recorded 2014-08-19; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d103] [s-d107] [s-d314] [s-d317] [s-d318] [s-d381] - 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. - Attributed: Media24 Proprietary Limited — Paarl Coldset Proprietary Limited. Capacity: Co-party in proposed printing merger. Period: Source recorded 2014-08-19; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d103] [s-d107] [s-d314] [s-d317] [s-d318] [s-d381] - 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. - Attributed: Media24 Proprietary Limited — Paarl Media Holdings Proprietary Limited. Capacity: Proposed acquisition of remaining 5%; 2014 transaction abandoned. Period: Proposed 2014 transaction, subsequently abandoned. [s-d107] [s-d314] [s-d349] [s-d381] - 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. - Attributed: Media24 Proprietary Limited — Paarl Coldset Proprietary Limited. Capacity: Proposed acquisition of remaining 12.63%; 2014 transaction abandoned. Period: Proposed 2014 transaction, subsequently abandoned. [s-d107] [s-d314] [s-d349] [s-d381] - 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. - Attributed: Media24 Proprietary Limited — Lambert Retief. Capacity: Prospective purchaser from Retief family interests. Period: Proposed 2014 transaction, subsequently abandoned. [s-d107] [s-d314] [s-d349] [s-d381] - 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. - Attributed: Media24 Proprietary Limited — Novus Holdings Limited. Capacity: Co-party in proposed printing merger. Period: Source recorded 2014-08-18; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d103] [s-d107] [s-d314] [s-d317] [s-d318] [s-d381] - 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. - Attributed: Mr D Food — Uber Eats. Capacity: Competing food-delivery platform subject to related inquiry remedies. Period: Source recorded 2023-08-01; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d321] [s-d351] - 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. - 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. - Attributed: MultiChoice (Pty) Ltd — South African Broadcasting Corporation (SOC) Ltd. Capacity: Counterparty to disputed SABC channel agreement. Period: Source recorded 2025-04-14; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d179] [s-d323] [s-d361] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The Commission’s November 2018 report and April 2021 supplement concluded that the agreement could influence the SABC’s strategic direction. MultiChoice disputed that the pleaded facts constituted a merger and sought dismissal by exception. - Outcome: On 14 April 2025 the Tribunal dismissed that exception. It held that disputed factual and legal questions required oral evidence in their proper context. This allowed the main case to proceed; it was not yet a final merger-liability decision or a criminal finding. - Attributed: MultiChoice (Pty) Ltd — South African Broadcasting Corporation (SOC) Ltd. Capacity: Channel-agreement counterparty; disputed strategic-influence issue. Period: Source recorded 2025-04-14; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d179] [s-d323] [s-d361] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The Commission’s November 2018 report and April 2021 supplement concluded that the agreement could influence the SABC’s strategic direction. MultiChoice disputed that the pleaded facts constituted a merger and sought dismissal by exception. - Outcome: On 14 April 2025 the Tribunal dismissed that exception. It held that disputed factual and legal questions required oral evidence in their proper context. This allowed the main case to proceed; it was not yet a final merger-liability decision or a criminal finding. - Attributed: Naspers Limited — PSG. Capacity: Company whose voting structure faced PSG-led takeover proposal. Period: Source recorded 2006; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d346] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Jacobus Petrus (Koos) Bekker — Sanlam Limited. Capacity: Buyer through associated vehicle of Sanlam interests. Period: Source recorded 2006; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d137] [s-d346] - 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. - Attributed: MultiChoice (Pty) Ltd — Canal+. Capacity: Licensee involved in proposed Canal+ group acquisition and restructuring. Period: Source recorded 2025-09-17; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d347] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Tencent Holdings Limited — MIH India Global Internet Limited. Capacity: Historical option for up to 50% less one share; exercise not established. Period: Source recorded 2008-06-18; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d348] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Media24 Proprietary Limited — Novus Holdings Limited. Capacity: Proposed acquisition/control transaction in 2017 proceedings. Period: Source recorded 2017-06-06; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d107] [s-d349] [s-d381] - 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. - Attributed: Takealot Group — Competition Commission. Capacity: Operator disputing provisional market-inquiry findings. Period: Source recorded 2022-11-03; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d108] [s-d272] [s-d321] [s-d35] [s-d351] [s-d98] - 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. - Attributed: Takealot Group — Mr D Food. Capacity: Group food-delivery business. Period: Source recorded 2022-11-03; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d108] [s-d272] [s-d321] [s-d35] [s-d351] [s-d98] - 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. 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. - 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. 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. - Outcome: The final inquiry retained corrective measures. The retained material does not establish a complete later implementation or appeal history for every requirement. - Attributed: Naspers Limited — Prosus N.V.. Capacity: Group business in historical website snapshot. Period: Source recorded 2022-12-31; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d352] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Limited — Takealot Group. Capacity: Group business in historical website snapshot. Period: Source recorded 2022-12-31; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d352] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Limited — Media24 Proprietary Limited. Capacity: Group business in historical website snapshot. Period: Source recorded 2022-12-31; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d352] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Media24 Proprietary Limited — On the Dot. Capacity: Historical owner of distribution business proposed for disposal. Period: Source recorded 2025-01-20; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d179] [s-d354] [s-d363] [s-d364] [s-d384] - 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. - Attributed: Media24 Proprietary Limited — Novus Holdings Limited. Capacity: Seller of distribution and newspaper assets to Novus. Period: Source recorded 2025-01-20; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d179] [s-d354] [s-d363] [s-d364] [s-d384] - 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. - Attributed: Media24 Proprietary Limited — Competition Commission. Capacity: Merger applicant receiving October 2024 conditional approval. Period: Source recorded 2025-01-20; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d179] [s-d354] [s-d363] [s-d364] [s-d384] - 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. - Attributed: Takealot 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. [s-d355] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Limited — Property24. Capacity: Group business identified in security contact list. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d20] [s-d223] [s-d226] [s-d240] [s-d358] [s-d51] [s-d52] [s-d71] [s-d73] [s-d75] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. A policy statement is evidence of the stated standard and allocation of responsibility, not a certification that each business complied in every incident. Prosus and Naspers policy documents have their own stated scope and approval dates. Outdated portfolio contact lists are not a substitute for an ownership register. - Response: The company describes whistleblowing channels, responsible vulnerability disclosure and cooperation with external security researchers. These commitments are retained as the company’s account, alongside documented incidents and regulatory scrutiny. - Attributed: Naspers Limited — Autotrader. Capacity: Group business identified in security contact list. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d20] [s-d223] [s-d226] [s-d240] [s-d358] [s-d51] [s-d52] [s-d71] [s-d73] [s-d75] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. A policy statement is evidence of the stated standard and allocation of responsibility, not a certification that each business complied in every incident. Prosus and Naspers policy documents have their own stated scope and approval dates. Outdated portfolio contact lists are not a substitute for an ownership register. - Response: The company describes whistleblowing channels, responsible vulnerability disclosure and cooperation with external security researchers. These commitments are retained as the company’s account, alongside documented incidents and regulatory scrutiny. - Attributed: Naspers Limited — Superbalist (retail business). Capacity: Business named in potentially stale security contact list. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d358] [s-d395] [s-supp-review-superbalist-disposal] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The report establishes the disposal period, not an exact completion day. Older group privacy, recruitment and security-contact lists may describe a former portfolio relationship and cannot by themselves establish continuing ownership. - Outcome: Superbalist is retained as a historical portfolio business. Its later appearance beside Takealot or Mr D in a shared notice does not reverse the disclosed disposal. - Attributed: Naspers Limited — Mr D Food. Capacity: Group business identified in security contact list. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d20] [s-d223] [s-d226] [s-d240] [s-d358] [s-d51] [s-d52] [s-d71] [s-d73] [s-d75] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. A policy statement is evidence of the stated standard and allocation of responsibility, not a certification that each business complied in every incident. Prosus and Naspers policy documents have their own stated scope and approval dates. Outdated portfolio contact lists are not a substitute for an ownership register. - Response: The company describes whistleblowing channels, responsible vulnerability disclosure and cooperation with external security researchers. These commitments are retained as the company’s account, alongside documented incidents and regulatory scrutiny. - Attributed: James Welch — Naspers Limited. Capacity: Individual registered practitioner for Deloitte audit. Period: Source gives 2024; exact start and later status depend on the cited record. [s-d360] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Deloitte — Naspers Limited. Capacity: External auditor reappointed for FY2025. Period: Source recorded 2024-08-22; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d360] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Fabricio Bloisi Rocha — Naspers Limited. Capacity: CEO eligible for conditional moonshot award; not a completed payment. Period: Group CEO from 1 July 2024; later record may separately concern committee or award capacity. [s-d117] [s-d125] [s-d302] [s-d315] [s-d320] [s-d360] [s-d74] - 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. - Attributed: MultiChoice (Pty) Ltd — South African Broadcasting Corporation (SOC) Ltd. Capacity: Counterparty to disputed SABC channel agreement. Period: Source recorded 2018-09-28; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d179] [s-d323] [s-d361] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The Commission’s November 2018 report and April 2021 supplement concluded that the agreement could influence the SABC’s strategic direction. MultiChoice disputed that the pleaded facts constituted a merger and sought dismissal by exception. - Outcome: On 14 April 2025 the Tribunal dismissed that exception. It held that disputed factual and legal questions required oral evidence in their proper context. This allowed the main case to proceed; it was not yet a final merger-liability decision or a criminal finding. - Attributed: MultiChoice (Pty) Ltd — South African Broadcasting Corporation (SOC) Ltd. Capacity: Payer under channel agreement with SABC. Period: Source recorded 2018-09-28; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d179] [s-d323] [s-d361] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The Commission’s November 2018 report and April 2021 supplement concluded that the agreement could influence the SABC’s strategic direction. MultiChoice disputed that the pleaded facts constituted a merger and sought dismissal by exception. - Outcome: On 14 April 2025 the Tribunal dismissed that exception. It held that disputed factual and legal questions required oral evidence in their proper context. This allowed the main case to proceed; it was not yet a final merger-liability decision or a criminal finding. - Attributed: Media24 Proprietary Limited — On the Dot. Capacity: Historical owner of distribution business proposed for disposal. Period: Source recorded 2024-07-12; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d179] [s-d354] [s-d363] [s-d364] [s-d384] - 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. - Attributed: Media24 Proprietary Limited — Novus Holdings Limited. Capacity: Seller of distribution and newspaper assets to Novus. Period: Source recorded 2024-07-12; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d179] [s-d354] [s-d363] [s-d364] [s-d384] - 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. - Attributed: Media24 Proprietary Limited — Solidarity. Capacity: Employer dealing with workers’ union during restructuring. Period: Source recorded 2024-07-12; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d363] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Media24 Proprietary Limited — Caxton & CTP Publishers and Printers Limited. Capacity: Recipient of alternative proposal from rival publisher. Period: Source recorded 2024-07-12; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d363] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Media24 Proprietary Limited — South African National Editors’ Forum. Capacity: Media company criticised by editors’ forum over job cuts. Period: Source recorded 2020-07-07; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d179] [s-d354] [s-d363] [s-d364] [s-d384] - 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. - Attributed: Media24 Proprietary Limited — Lambert Retief. Capacity: Transaction counterparty to Retief family interests. Period: Source recorded 2000; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d107] [s-d349] [s-d381] - 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. - Attributed: Ivan Vladimirovich Tavrin — Nexters Global Ltd. Capacity: Associated sponsor of reported historical merger; exact personal equity not inferred. Period: Source gives 2021-08; exact start and later status depend on the cited record. [s-d345] [s-d365] [s-d382] [s-d390] - 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. - Attributed: Media24 Proprietary Limited — Novus Holdings Limited. Capacity: Seller of distribution and newspaper assets to Novus. Period: Source recorded 2024-07-15; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d179] [s-d354] [s-d363] [s-d364] [s-d384] - 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. - Attributed: Media24 Proprietary Limited — On the Dot. Capacity: Historical owner of distribution business proposed for disposal. Period: Source recorded 2024-07-15; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d179] [s-d354] [s-d363] [s-d364] [s-d384] - 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. - Attributed: Phuthuma Nathi — MultiChoice (Pty) Ltd. Capacity: Proposed 27% economic interest in LicenceCo. Period: Proposed 2025 LicenceCo allocation and conditional restructuring; separate from 2019 Naspers unbundling. [s-d385] [s-d391] [s-d402] [s-d86] - 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. - Attributed: MultiChoice (Pty) Ltd — MultiChoice Group Limited. Capacity: Licensee to be carved out from MultiChoice Group under 2025 structure. Period: Source recorded 2025-02-04; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d385] [s-d391] [s-d402] [s-d86] - 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. - Attributed: MultiChoice (Pty) Ltd — Canal+ S.A.. Capacity: Licensee involved in proposed Canal+ group acquisition and restructuring. Period: Source recorded 2025-02-04; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d385] [s-d391] [s-d402] [s-d86] - 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. - Attributed: MultiChoice Group Limited — MultiChoice (Pty) Ltd. Capacity: Proposed 49% economic interest and 20% voting rights in LicenceCo. Period: Proposed 2025 LicenceCo allocation and conditional restructuring; separate from 2019 Naspers unbundling. [s-d385] [s-d391] [s-d402] [s-d86] - 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. - Attributed: MultiChoice Group Limited — Canal+ S.A.. Capacity: Target group in Canal+ mandatory offer. Period: Source recorded 2025-09-16; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d385] [s-d391] [s-d402] [s-d86] - 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. - Attributed: MultiChoice Group Limited — The Competition Tribunal. Capacity: Merger party subject to conditional Tribunal approval. Period: Source recorded 2025-09-16; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d385] [s-d391] [s-d402] [s-d86] - 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. - Attributed: Identity Partners Itai Consortium — MultiChoice (Pty) Ltd. Capacity: Proposed empowerment-consortium participation in LicenceCo. Period: Proposed 2025 LicenceCo allocation and conditional restructuring; separate from 2019 Naspers unbundling. [s-d385] [s-d391] [s-d402] [s-d86] - 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. - Attributed: Afrifund Consortium Investments — MultiChoice (Pty) Ltd. Capacity: Proposed empowerment-consortium participation in LicenceCo. Period: Proposed 2025 LicenceCo allocation and conditional restructuring; separate from 2019 Naspers unbundling. [s-d385] [s-d391] [s-d402] [s-d86] - 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. - Attributed: Fashion United SA (Pty) Ltd (Superbalist.com operator) — Superbalist (retail business). Capacity: Legal operator trading as Superbalist.com. Period: Operator identified in legal terms retained September 2026; not continuing Takealot ownership. [s-d395] [s-supp-review-superbalist-disposal] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The report establishes the disposal period, not an exact completion day. Older group privacy, recruitment and security-contact lists may describe a former portfolio relationship and cannot by themselves establish continuing ownership. - Outcome: Superbalist is retained as a historical portfolio business. Its later appearance beside Takealot or Mr D in a shared notice does not reverse the disclosed disposal. - Attributed: MultiChoice (Pty) Ltd — Competition Commission. Capacity: Restructuring proposal under Commission review in dated report. Period: Proposed 2025 LicenceCo allocation and conditional restructuring; separate from 2019 Naspers unbundling. [s-d385] [s-d391] [s-d402] [s-d86] - 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. ## Legal capacities - Attributed: Naspers Limited — Competition Commission. Capacity: Participant in regulator’s online-platform inquiry. Period: Source recorded 2021-11-03; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d35] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Keeromstraat 30 Beleggings (RF) Limited — Companies and Intellectual Property Commission. Capacity: Applicant whose exemption order was served on CIPC. Period: Source recorded 2023-05-02; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d102] [s-d103] [s-d13] [s-d46] - 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. - Attributed: Naspers Limited — Netherlands Authority for the Financial Markets (AFM). Capacity: Subject to Dutch market-regulator requirements. Period: Source recorded 2024-11-27; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d75] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Prosus N.V. — Netherlands Authority for the Financial Markets (AFM). Capacity: Market-regulator notification relationship. Period: Source recorded 2019-09-11; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d85] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: PayU Payments Private Limited (India) — Reserve Bank of India. Capacity: Payment operator subject to RBI authorisation. Period: RBI final payment-aggregator authorisation in retained 2025 report. [s-d17] [s-d99] - Qualification: 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. - Attributed: Naspers Limited — Caxton. Capacity: Respondent to Caxton’s attempted intervention on control issues. Period: Source recorded 2017-06-08; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d102] [s-d103] [s-d107] [s-d13] [s-d314] [s-d317] [s-d318] [s-d381] [s-d46] - 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. - Attributed: Media24 Holdings Proprietary Limited — Caxton & CTP Publishers and Printers Limited. Capacity: Respondent opposing applicant’s interim merger challenge. Period: Source recorded 2024-10-30; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d179] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Media24 Holdings Proprietary Limited — Capital Newspapers (Pty) Ltd. Capacity: Respondent opposing applicant’s interim merger challenge. Period: Source recorded 2024-10-30; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d179] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Media24 Holdings Proprietary Limited — Competition Commission. Capacity: Co-respondent with Commission in judicial challenge to approval. Period: Source recorded 2024-10-30; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d179] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: PayU (group brand; legal entities distinguished) — Enforcement Directorate. Capacity: Payment gateway named in HPZ investigation reporting; no conviction established. Period: Source recorded 2025-01-24; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d219] [s-supp-payu-response] - 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. Funds held in payment accounts are not automatically the payment company’s own corporate assets. Allegations or proceedings concerning the scheme’s promoters are not convictions of PayU, Prosus or Naspers. - Response: A PayU spokesperson told the newspaper the following day that the reports concerned events in 2022 and that PayU had fully cooperated with the Enforcement Directorate. Other gateways’ separate denials are not attributed to PayU. - Outcome: The retained material establishes reporting of freezes and an investigation, together with PayU’s response; it does not establish a final adverse judgment against PayU in this matter. - Attributed: Takealot Group — Information Regulator of South Africa. Capacity: Subject to privacy-regulator jurisdiction; no incident fine established. Period: Source recorded 2026; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d220] [s-d227] - 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. - Attributed: Takealot Group — Information Regulator of South Africa. Capacity: Subject to privacy-regulator jurisdiction; no incident fine established. Period: Source recorded 2022-12; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d220] [s-d227] - 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. - Attributed: MIH Bidco Holdings B.V. — Just Eat Takeaway.com B.V.. Capacity: Claimant seeking statutory squeeze-out of target company. Period: Source recorded 2026-06-30; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d237] - 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. - Attributed: MIH Bidco Holdings B.V. — Deutsche Bank Trust Company Americas. Capacity: Squeeze-out claimant against ADS depositary shareholder. Period: Source recorded 2026-06-30; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d237] - 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. - Attributed: MIH Bidco Holdings B.V. — CREST Depository Limited. Capacity: Squeeze-out claimant against depositary shareholder. Period: Source recorded 2026-06-30; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d237] - 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. - Attributed: MIH Bidco Holdings B.V. — CREST International Nominees Limited. Capacity: Squeeze-out claimant against nominee required to permit transfer. Period: Source recorded 2026-06-30; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d237] - 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. - Attributed: MIH Bidco Holdings B.V. — Netherlands Authority for the Financial Markets (AFM). Capacity: Bidder whose offer document was approved by regulator. Period: Source recorded 2025-05-19; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d237] - 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. - Attributed: Prosus N.V. — Stichting Ukrainian Victims of War. Capacity: Defendant in foundation’s Avito-related proceedings. Period: Source recorded 2022-06; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d239] [s-d261] [s-supp-review-avito-appeal] - 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. - Attributed: Prosus N.V. — OLX Global B.V.. Capacity: Group parent of co-defendant holding company; immediate chain separately identified. Period: Source recorded 2022-06; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d239] [s-d261] [s-supp-review-avito-appeal] - 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. - Attributed: Prosus N.V. — MIH e-Commerce Holdings B.V.. Capacity: Group parent of co-defendant holding company; immediate chain separately identified. Period: Source recorded 2022-06; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d239] [s-d261] [s-supp-review-avito-appeal] - 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. - Attributed: Prosus N.V. — MIH Internet Holdings B.V.. Capacity: Group parent of co-defendant holding company; immediate chain separately identified. Period: Source recorded 2022-06; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d239] [s-d261] [s-supp-review-avito-appeal] - 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. - Attributed: OLX Global B.V. — KEH eCommerce LLC (Russian Avito operating entity). Capacity: Sole shareholder of KEH eCommerce in claimant’s 2022 ownership account. Period: Source recorded 2022-06; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d239] [s-d261] [s-supp-review-avito-appeal] - 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. - Attributed: Gasant Samuels — Media24 Limited (historical party named in the 2005 judgment). Capacity: Historical employee and co-appellant in civil harassment case. Period: Source recorded 2005-06-01; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d251] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. This was civil employer liability. The appeal court did not need to decide the separate question of direct vicarious liability for the harasser’s own delict. The claimant’s identity and sensitive personal history are unnecessary to explain the corporate outcome and are withheld here. - Response: The defence relied in part on a group harassment policy in place since 1997 and raised jurisdictional and liability arguments. A policy’s existence did not answer the proven failure to prevent the harm. - Outcome: The appeals were dismissed with costs. The historical employer, Nasionale Tydskrifte, was then a wholly owned Media24 subsidiary; that does not establish a current ownership roster. - Attributed: Media24 Limited (historical party named in the 2005 judgment) — Gasant Samuels. Capacity: Joint civil defendant and co-appellant with employee. Period: Source recorded 2005-06-01; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d251] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. This was civil employer liability. The appeal court did not need to decide the separate question of direct vicarious liability for the harasser’s own delict. The claimant’s identity and sensitive personal history are unnecessary to explain the corporate outcome and are withheld here. - Response: The defence relied in part on a group harassment policy in place since 1997 and raised jurisdictional and liability arguments. A policy’s existence did not answer the proven failure to prevent the harm. - Outcome: The appeals were dismissed with costs. The historical employer, Nasionale Tydskrifte, was then a wholly owned Media24 subsidiary; that does not establish a current ownership roster. - Attributed: Naspers Limited — Caxton & CTP Publishers and Printers Limited. Capacity: Respondent opposing Caxton’s 2007 review application. Period: Source recorded 2007-10-08; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d257] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Limited — Electronic Media Network Limited. Capacity: Co-respondent in Caxton’s 2007 merger-review application. Period: Source recorded 2007-10-08; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d257] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Limited — SuperSport International Holdings Limited. Capacity: Co-respondent in Caxton’s 2007 merger-review application. Period: Source recorded 2007-10-08; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d257] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Limited — Competition Commission. Capacity: Co-respondent with competition authority in 2007 judicial review. Period: Source recorded 2007-10-08; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d257] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Limited — The Competition Tribunal. Capacity: Co-respondent with competition authority in 2007 judicial review. Period: Source recorded 2007-10-08; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d257] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Limited — Mark Erwin Paulsmeier. Capacity: Defendant in Paulsmeier’s defamation claim. Period: Source recorded 2022-05-20; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d259] - 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. - Attributed: Naspers Limited — Media24 Proprietary Limited. Capacity: Co-defendant in Paulsmeier’s defamation claim. Period: Source recorded 2022-05-20; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d259] - 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. - Attributed: Naspers Limited — Waldimar Pelser. Capacity: Co-defendant in Paulsmeier’s defamation claim. Period: Source recorded 2022-05-20; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d259] - 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. - Attributed: Naspers Limited — Gerrit van Rooyen. Capacity: Co-defendant in Paulsmeier’s defamation claim. Period: Source recorded 2022-05-20; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d259] - 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. - Attributed: Naspers Limited — Antoinette Slabbert. Capacity: Co-defendant in Paulsmeier’s defamation claim. Period: Source recorded 2022-05-20; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d259] - 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. - Attributed: Prosus N.V. — Stichting Ukrainian Victims of War. Capacity: Respondent to foundation’s appeal in Avito proceedings. Period: Source recorded 2022-07-15; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d239] [s-d261] [s-supp-review-avito-appeal] - 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. - Attributed: Fabricio Bloisi Rocha — Cade. Capacity: Company representative supplying information to competition regulator. Period: Source recorded 2022-08-25; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d275] [s-supp-review-ifood-tcc] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The competitors’ cited 80% share concerned their asserted market definition; iFood disputed equating the app market with all food delivery. An interim measure and an allegation of non-compliance are not a final finding of every alleged practice. - Response: Bloisi said iFood considered its conduct lawful, had renewed existing arrangements rather than adding new ones, and had reduced the exclusive-restaurant proportion from 11% to 8%. Other iFood executives cited multi-platform restaurant chains, logistics investment and orders placed directly through restaurants or messaging apps. They disputed informal exclusivity and said they supplied data to Cade weekly. - Outcome: On 8 February 2023, Cade agreed a 54-month cessation commitment with iFood, monitored by a trustee. It barred exclusivity with brands of at least 30 restaurants and capped smaller-brand exclusivity nationally at 25% of platform GMV and locally at 8% of active restaurants in cities above 500,000 residents. It also restricted price-parity clauses and restraints on competing platforms. This negotiated settlement is the later outcome of the investigation, not a criminal conviction or a blanket clearance of the earlier allegations. - Attributed: iFood — Cade. Capacity: Operator subject to Brazilian exclusivity investigation. Period: Source recorded 2022-08-25; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d275] [s-supp-review-ifood-tcc] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The competitors’ cited 80% share concerned their asserted market definition; iFood disputed equating the app market with all food delivery. An interim measure and an allegation of non-compliance are not a final finding of every alleged practice. - Response: Bloisi said iFood considered its conduct lawful, had renewed existing arrangements rather than adding new ones, and had reduced the exclusive-restaurant proportion from 11% to 8%. Other iFood executives cited multi-platform restaurant chains, logistics investment and orders placed directly through restaurants or messaging apps. They disputed informal exclusivity and said they supplied data to Cade weekly. - Outcome: On 8 February 2023, Cade agreed a 54-month cessation commitment with iFood, monitored by a trustee. It barred exclusivity with brands of at least 30 restaurants and capped smaller-brand exclusivity nationally at 25% of platform GMV and locally at 8% of active restaurants in cities above 500,000 residents. It also restricted price-parity clauses and restraints on competing platforms. This negotiated settlement is the later outcome of the investigation, not a criminal conviction or a blanket clearance of the earlier allegations. - Attributed: Naspers Limited — Pomerantz LLP. Capacity: Subject of law firm’s announced shareholder investigation; not established filed suit. Period: Source recorded 2017-12-05; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d232] [s-d294] [s-d295] [s-d296] [s-supp-zondo-lobbying-outcome] - 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. - Attributed: Naspers Beleggings (RF) Limited (Nasbel) — Naspers Limited. Capacity: A-share holder named in control-disclosure proceedings. Period: Source recorded 2014-08-19; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d103] [s-d107] [s-d314] [s-d317] [s-d318] [s-d381] - 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. - Attributed: Keeromstraat 30 Beleggings (RF) Limited — Naspers Limited. Capacity: A-share holder named in control-disclosure proceedings. Period: Source recorded 2014-08-19; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d103] [s-d107] [s-d314] [s-d317] [s-d318] [s-d381] - 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. - Attributed: Wheatfields Investments No 221 — Naspers Limited. Capacity: A-share holder named in control-disclosure proceedings. Period: Source recorded 2014-08-19; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d103] [s-d107] [s-d314] [s-d317] [s-d318] [s-d381] - 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. - Attributed: Sholto Investments BVI — Naspers Limited. Capacity: Interest named in ordered disclosure of A-share control structure; direct ownership not inferred. Period: Source recorded 2014-08-19; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d103] [s-d107] [s-d314] [s-d317] [s-d318] [s-d381] - 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. - Attributed: De Goedgedacht Trust — Naspers Limited. Capacity: Interest named in ordered disclosure of A-share control structure; direct ownership not inferred. Period: Source recorded 2014-08-19; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d103] [s-d107] [s-d314] [s-d317] [s-d318] [s-d381] - 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. - Attributed: Sanlam Limited — Naspers Limited. Capacity: Interest named in ordered disclosure of A-share control structure; direct ownership not inferred. Period: Source recorded 2014-08-19; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d103] [s-d107] [s-d314] [s-d317] [s-d318] [s-d381] - 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. - Attributed: Jacobus du Toit (Cobus) Stofberg — Naspers Limited. Capacity: Interest named in ordered disclosure of A-share control structure; direct ownership not inferred. Period: Source recorded 2014-08-19; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d103] [s-d107] [s-d314] [s-d317] [s-d318] [s-d381] - 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. - Attributed: Jacobus Petrus (Koos) Bekker — Naspers Limited. Capacity: Interest named in ordered disclosure of A-share control structure; direct ownership not inferred. Period: Source recorded 2014-08-19; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d103] [s-d107] [s-d314] [s-d317] [s-d318] [s-d381] - 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. - Attributed: Media24 Proprietary Limited — Caxton & CTP Publishers and Printers Limited. Capacity: Respondent to Caxton intervention application. Period: Source recorded 2014-08-19; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d103] [s-d107] [s-d314] [s-d317] [s-d318] [s-d381] - 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. - Attributed: Media24 Proprietary Limited — Caxton & CTP Publishers and Printers Limited. Capacity: Respondent to Caxton intervention application. Period: Source recorded 2014-08-18; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d103] [s-d107] [s-d314] [s-d317] [s-d318] [s-d381] - 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. - Attributed: Media24 Proprietary Limited — Competition Commission. Capacity: Co-respondent with Commission in intervention proceeding. Period: Source recorded 2014-08-18; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d103] [s-d107] [s-d314] [s-d317] [s-d318] [s-d381] - 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. - Attributed: MultiChoice (Pty) Ltd — The Competition Tribunal. Capacity: Party in proceeding before Competition Tribunal. Period: Source recorded 2025-04-14; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d179] [s-d323] [s-d361] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The Commission’s November 2018 report and April 2021 supplement concluded that the agreement could influence the SABC’s strategic direction. MultiChoice disputed that the pleaded facts constituted a merger and sought dismissal by exception. - Outcome: On 14 April 2025 the Tribunal dismissed that exception. It held that disputed factual and legal questions required oral evidence in their proper context. This allowed the main case to proceed; it was not yet a final merger-liability decision or a criminal finding. - Attributed: MultiChoice (Pty) Ltd — Caxton & CTP Publishers and Printers Limited. Capacity: Respondent to merger-notification complaint. Period: Source recorded 2025-04-14; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d179] [s-d323] [s-d361] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The Commission’s November 2018 report and April 2021 supplement concluded that the agreement could influence the SABC’s strategic direction. MultiChoice disputed that the pleaded facts constituted a merger and sought dismissal by exception. - Outcome: On 14 April 2025 the Tribunal dismissed that exception. It held that disputed factual and legal questions required oral evidence in their proper context. This allowed the main case to proceed; it was not yet a final merger-liability decision or a criminal finding. - Attributed: MultiChoice (Pty) Ltd — S.O.S Support Public Broadcasting Coalition. Capacity: Respondent to merger-notification complaint. Period: Source recorded 2025-04-14; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d179] [s-d323] [s-d361] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The Commission’s November 2018 report and April 2021 supplement concluded that the agreement could influence the SABC’s strategic direction. MultiChoice disputed that the pleaded facts constituted a merger and sought dismissal by exception. - Outcome: On 14 April 2025 the Tribunal dismissed that exception. It held that disputed factual and legal questions required oral evidence in their proper context. This allowed the main case to proceed; it was not yet a final merger-liability decision or a criminal finding. - Attributed: MultiChoice (Pty) Ltd — Media Monitoring Project Benefit Trust. Capacity: Respondent to merger-notification complaint. Period: Source recorded 2025-04-14; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d179] [s-d323] [s-d361] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The Commission’s November 2018 report and April 2021 supplement concluded that the agreement could influence the SABC’s strategic direction. MultiChoice disputed that the pleaded facts constituted a merger and sought dismissal by exception. - Outcome: On 14 April 2025 the Tribunal dismissed that exception. It held that disputed factual and legal questions required oral evidence in their proper context. This allowed the main case to proceed; it was not yet a final merger-liability decision or a criminal finding. - Attributed: MultiChoice (Pty) Ltd — Competition Commission. Capacity: Party subject to Commission’s merger investigation. Period: Source recorded 2025-04-14; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d179] [s-d323] [s-d361] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The Commission’s November 2018 report and April 2021 supplement concluded that the agreement could influence the SABC’s strategic direction. MultiChoice disputed that the pleaded facts constituted a merger and sought dismissal by exception. - Outcome: On 14 April 2025 the Tribunal dismissed that exception. It held that disputed factual and legal questions required oral evidence in their proper context. This allowed the main case to proceed; it was not yet a final merger-liability decision or a criminal finding. - Attributed: Media24 Proprietary Limited — Caxton & CTP Publishers and Printers Limited. Capacity: Respondent to Caxton’s attempted intervention. Period: Source recorded 2017-06-06; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d107] [s-d349] [s-d381] - 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. - Attributed: Naspers Limited — Caxton & CTP Publishers and Printers Limited. Capacity: Respondent to Caxton’s attempted intervention. Period: Source recorded 2017-06-06; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d349] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Media24 Proprietary Limited — Caxton & CTP Publishers and Printers Limited. Capacity: Respondent to announced Constitutional Court challenge. Period: Source recorded 2025-01-20; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d179] [s-d354] [s-d363] [s-d364] [s-d384] - 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. - Attributed: Media24 Proprietary Limited — Capital Newspapers (Pty) Ltd. Capacity: Respondent to announced Constitutional Court challenge. Period: Source recorded 2025-01-20; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d179] [s-d354] [s-d363] [s-d364] [s-d384] - 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. - Attributed: MultiChoice (Pty) Ltd — S.O.S Support Public Broadcasting Coalition. Capacity: Respondent to merger-notification complaint. Period: Source recorded 2018-09-28; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d179] [s-d323] [s-d361] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The Commission’s November 2018 report and April 2021 supplement concluded that the agreement could influence the SABC’s strategic direction. MultiChoice disputed that the pleaded facts constituted a merger and sought dismissal by exception. - Outcome: On 14 April 2025 the Tribunal dismissed that exception. It held that disputed factual and legal questions required oral evidence in their proper context. This allowed the main case to proceed; it was not yet a final merger-liability decision or a criminal finding. - Attributed: MultiChoice (Pty) Ltd — Caxton & CTP Publishers and Printers Limited. Capacity: Respondent to merger-notification complaint. Period: Source recorded 2018-09-28; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d179] [s-d323] [s-d361] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The Commission’s November 2018 report and April 2021 supplement concluded that the agreement could influence the SABC’s strategic direction. MultiChoice disputed that the pleaded facts constituted a merger and sought dismissal by exception. - Outcome: On 14 April 2025 the Tribunal dismissed that exception. It held that disputed factual and legal questions required oral evidence in their proper context. This allowed the main case to proceed; it was not yet a final merger-liability decision or a criminal finding. - Attributed: MultiChoice (Pty) Ltd — Competition Commission. Capacity: Party subject to Commission investigation and information requests. Period: Source recorded 2018-09-28; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d179] [s-d323] [s-d361] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The Commission’s November 2018 report and April 2021 supplement concluded that the agreement could influence the SABC’s strategic direction. MultiChoice disputed that the pleaded facts constituted a merger and sought dismissal by exception. - Outcome: On 14 April 2025 the Tribunal dismissed that exception. It held that disputed factual and legal questions required oral evidence in their proper context. This allowed the main case to proceed; it was not yet a final merger-liability decision or a criminal finding. - Attributed: Naspers Limited — Novus Holdings Limited. Capacity: Prohibited from appointing Novus directors or executive-committee members under conditions. Period: Source recorded 2017-08-22; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d107] [s-d349] [s-d381] - 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. - Attributed: Media24 Proprietary Limited — Novus Holdings Limited. Capacity: Residual right to nominate one non-operational director under conditions. Period: Source recorded 2017-08-22; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d107] [s-d349] [s-d381] - 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. - Attributed: MultiChoice (Pty) Ltd — Independent Communications Authority of South Africa. Capacity: Broadcast licensee subject to ICASA. Period: Source recorded 2025-02-04; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d385] [s-d391] [s-d402] [s-d86] - 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. ## Infrastructure capacities - Attributed: Keeromstraat 30 Beleggings (RF) Limited — Naspers Limited. Capacity: Shared corporate business address; no control inference. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d33] - Qualification: A shared corporate business address does not establish ownership or control. - Attributed: Prosus N.V. — MIH Internet Holdings B.V.. Capacity: Shared corporate business address; no control inference. Period: Source recorded 2023-02-10; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d53] - Qualification: A shared corporate business address does not establish ownership or control. - Attributed: Prosus N.V. — MIH e-Commerce Holdings B.V.. Capacity: Shared corporate business address; no control inference. Period: Source recorded 2023-02-10; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d53] - Qualification: A shared corporate business address does not establish ownership or control. - Attributed: MIH Holdings Proprietary Limited — Naspers Limited. Capacity: Corporate registrant of naspers.com domain; not owner of Naspers. Period: Source recorded 2026-07-15; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d69] - Qualification: A shared corporate business address does not establish ownership or control. - Attributed: Keeromstraat 30 Beleggings (RF) Limited — Heemstede Beleggings Proprietary Limited. Capacity: Reported shared registered business address; no ownership inference. Period: Shared-address claim in registry aggregator; number in raw label conflicts with confirmed Heemstede identity. [s-d102] - Qualification: A shared corporate business address does not establish ownership or control. - Attributed: Keeromstraat 30 Beleggings (RF) Limited — RCP Media. Capacity: Reported shared registered business address; no ownership inference. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d102] - Qualification: A shared corporate business address does not establish ownership or control. - Attributed: Keeromstraat 30 Beleggings (RF) Limited — Melsea. Capacity: Reported shared registered business address; no ownership inference. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d102] - Qualification: A shared corporate business address does not establish ownership or control. - Attributed: Wheatfields Investments No 221 — GLYN MARAIS NOMINEES. Capacity: Registry aggregator reports shared business address; no ownership inference. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d117] [s-d120] [s-d133] [s-d137] [s-d346] - Qualification: A shared corporate business address does not establish ownership or control. 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. - Attributed: Wheatfields Investments No 221 — GLYN MARAIS. Capacity: Registry aggregator reports shared business address; no ownership inference. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d117] [s-d120] [s-d133] [s-d137] [s-d346] - Qualification: A shared corporate business address does not establish ownership or control. 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. - Attributed: Wheatfields Investments No 221 — WIP INVESTMENTS ONE HUNDRED AND FORTY SIX. Capacity: Registry aggregator reports shared business address; no ownership inference. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d117] [s-d120] [s-d133] [s-d137] [s-d346] - Qualification: A shared corporate business address does not establish ownership or control. 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. - Attributed: Wheatfields Investments No 221 — ROYAL ALBATROSS PROPERTIES 339. Capacity: Registry aggregator reports shared business address; no ownership inference. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d117] [s-d120] [s-d133] [s-d137] [s-d346] - Qualification: A shared corporate business address does not establish ownership or control. 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. ## Associations capacities - Attributed: Keeromstraat 30 Beleggings (RF) Limited — Naspers Limited. Capacity: High-vote A shareholder; majority voting pool with Nasbel. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d12] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Beleggings (RF) Limited (Nasbel) — Naspers Limited. Capacity: High-vote A shareholder; majority voting pool with Keerom. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d12] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Keeromstraat 30 Beleggings (RF) Limited — Naspers Limited. Capacity: Participant in protective voting structure. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d12] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Beleggings (RF) Limited (Nasbel) — Naspers Limited. Capacity: Participant in protective voting structure. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d12] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Beleggings (RF) Limited (Nasbel) — Naspers Limited. Capacity: Approximately 33.8% of votes in dated disclosure. Period: Source recorded 2022; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d102] [s-d103] [s-d13] [s-d46] [s-d53] - 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. 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. - Attributed: Keeromstraat 30 Beleggings (RF) Limited — Naspers Limited. Capacity: Approximately 21.2% of votes in dated disclosure. Period: Source recorded 2022; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d102] [s-d103] [s-d13] [s-d46] [s-d53] - 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. 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. - Attributed: Naspers Limited — PayU Fintech Investments B.V.. Capacity: Indirect control of PayU Fintech Investments together with Prosus. Period: Source recorded 2022; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d13] [s-d53] - 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. - Attributed: Keeromstraat 30 Beleggings (RF) Limited — Naspers Limited. Capacity: Participant in protective voting structure. Period: Source recorded 2023-05-02; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d102] [s-d103] [s-d13] [s-d46] - 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. - Attributed: Serge de Reus — MIH Internet Holdings B.V.. Capacity: Director and disclosure signatory. Period: Source recorded 2023-02-10; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d53] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Petrus Jacobus Pretorius Olivier — MIH Internet SEA Private Limited. Capacity: Director and disclosure signatory. Period: Source recorded 2023-02-10; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d53] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Keeromstraat 30 Beleggings (RF) Limited — Naspers Limited. Capacity: Reported common officer; not an ownership inference. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d102] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Beleggings (RF) Limited (Nasbel) — Naspers Limited. Capacity: Voting pool with Keerom, combined 53% in dated account. Period: Source recorded 2017-06-08; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d102] [s-d103] [s-d13] [s-d46] - 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. - Attributed: Keeromstraat 30 Beleggings (RF) Limited — Naspers Limited. Capacity: Voting pool with Nasbel, combined 53% in dated account. Period: Source recorded 2017-06-08; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d102] [s-d103] [s-d13] [s-d46] - 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. - Attributed: Jacobus Petrus (Koos) Bekker — Wheatfields Investments No 221. Capacity: Attributed trust/shareholder connection in Caxton’s control theory. Period: Source recorded 2017-06-08; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d103] [s-d107] [s-d314] [s-d317] [s-d318] [s-d381] - 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. - Attributed: Jacobus du Toit (Cobus) Stofberg — Wheatfields Investments No 221. Capacity: Attributed Sholto shareholder connection in Caxton’s control theory. Period: Source recorded 2017-06-08; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d103] [s-d107] [s-d314] [s-d317] [s-d318] [s-d381] - 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. - Attributed: Jacobus Petrus (Koos) Bekker — Naspers Limited. Capacity: Chair associated with trust share disposals; not complete exit. Period: Source recorded 2025-12-23; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d106] [s-d134] - 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. - Attributed: Vasileios (Basil) Sgourdos — Stephan Johannes Zymon (Steve) Pacak. Capacity: Succeeded as CFO. Period: Source gives 2014-06-30; exact start and later status depend on the cited record. [s-d117] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Limited — Media24 Proprietary Limited. Capacity: Group company named in historical director-remuneration disclosure. Period: Source recorded 2014-03-31; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d117] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Limited — Paarl Media Holdings Proprietary Limited. Capacity: Group company named in historical director-remuneration disclosure. Period: Source recorded 2014-03-31; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d107] [s-d117] [s-d349] [s-d381] - 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. - Attributed: Naspers Limited — MIH Holdings Proprietary Limited. Capacity: Group company named in historical director-remuneration disclosure. Period: FY2014 remuneration disclosure includes fees for MIH Holdings director services up to 16 October 2013; this is not the end of group ownership. [s-d117] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Limited — MultiChoice South Africa Holdings Proprietary Limited. Capacity: Group company named in historical director-remuneration disclosure. Period: Source recorded 2014-03-31; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d117] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Bob van Dijk — Jacobus Petrus (Koos) Bekker. Capacity: Succeeded as chief executive. Period: Source gives 2014-04-01; exact start and later status depend on the cited record. [s-d117] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Limited — Media24 Proprietary Limited. Capacity: Group company in director-remuneration disclosure. Period: Source recorded 2024-03-31; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d120] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Ervin Tu — Bob van Dijk. Capacity: Succeeded van Dijk as interim CEO. Period: Source gives 2023-09-18; exact start and later status depend on the cited record. [s-d120] [s-d125] [s-d17] [s-d177] [s-d231] [s-d282] - 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. - Attributed: Ervin Tu — Prosus N.V.. Capacity: Former group president and chief investment officer. Period: Source recorded 2024-07-10; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d120] [s-d125] [s-d17] [s-d177] [s-d231] [s-d282] - 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. - Attributed: Naspers Limited — Uber Technologies. Capacity: Competing food-delivery investment group; not a partnership. Period: Source recorded 2026-04-17; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d126] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Limited — Uber Eats. Capacity: Competing food-delivery investment group; not a partnership. Period: Source recorded 2020; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d126] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Bernard Kim — Sharmistha (Shar) Dubey. Capacity: Succeeded Dubey as Match CEO. Period: Source gives 2022-05; exact start and later status depend on the cited record. [s-d132] [s-d176] [s-d400] - 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. - Attributed: Mandy Ginsberg — Advent International. Capacity: Operating partner at Advent International. Period: Source recorded 2022-10; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d132] [s-d176] [s-d400] - 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. - Attributed: Ervin Tu — Bob van Dijk. Capacity: Succeeded van Dijk as interim chief executive. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d123] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Wheatfields Investments No 221 — TASC SETTLEMENT. Capacity: Registry aggregator reports common officer; no ownership inference. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d117] [s-d120] [s-d133] [s-d137] [s-d346] - 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. - Attributed: Wheatfields Investments No 221 — SIH CAPITAL HOLDINGS. Capacity: Registry aggregator reports common officer; no ownership inference. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d117] [s-d120] [s-d133] [s-d137] [s-d346] - 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. - Attributed: Heemstede Beleggings Proprietary Limited — Naspers Beleggings (RF) Limited (Nasbel). Capacity: Nasbel shareholder through which Naspers exercised historical influence. Period: Source recorded 2006-01-26; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d137] [s-d346] - 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. - Attributed: Naspers Beleggings (RF) Limited (Nasbel) — Naspers Limited. Capacity: Member of combined 56% voting pool in 2006 account. Period: Source recorded 2006-01-26; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d137] [s-d346] - 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. - Attributed: Keeromstraat 30 Beleggings (RF) Limited — Naspers Limited. Capacity: Member of combined 56% voting pool in 2006 account. Period: Source recorded 2006-01-26; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d137] [s-d346] - 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. - Attributed: Jacobus du Toit (Cobus) Stofberg — Jacobus Petrus (Koos) Bekker. Capacity: Co-acquirer through separate entities, equal financial risk. Period: Source recorded 2006-01-26; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d137] [s-d346] - 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. - Attributed: Fabricio Bloisi Rocha — X PRIZE Foundation. Capacity: Innovation-board member. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d138] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Vasileios (Basil) Sgourdos — The South African Institute of Chartered Accountants. Capacity: Professional accountancy membership. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d142] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Hendrik Jacobus du Toit — The Belt & Road Initiative. Capacity: Former advisory-panel member. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d144] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Prosus N.V. — European Internet Forum. Capacity: Declared policy-organisation membership. Period: Source recorded 2021-03-03; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d157] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Prosus N.V. — European Policy Centre. Capacity: Declared policy-organisation membership. Period: Source recorded 2021-03-03; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d157] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Prosus N.V. — Center for Democracy and Technology. Capacity: Declared policy-organisation membership. Period: Source recorded 2021-03-03; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d157] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Prosus N.V. — Centre for Information Policy Leadership. Capacity: Declared policy-organisation membership. Period: Source recorded 2021-03-03; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d157] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Prosus N.V. — American European Community Association. Capacity: Declared policy-organisation membership. Period: Source recorded 2021-03-03; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d157] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Prosus N.V. — Fairsearch. Capacity: Declared policy-organisation membership. Period: Source recorded 2021-03-03; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d157] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Prosus N.V. — Flint Europe. Capacity: Co-participant in policy meeting; retainer not established. Period: Source recorded 2025-06-30; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d157] [s-d163] [s-d76] - 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. - Attributed: Naspers Limited — Prosus N.V.. Capacity: Co-submitter of OECD policy comments. Period: Source recorded 2019-12-02; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d157] [s-d163] [s-d76] - 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. - Attributed: Kagiso Trust — Kagiso Shanduka Trust. Capacity: Co-founder of Kagiso Shanduka Trust. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d165] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Novus Holdings Limited — Paarl Media Holdings Proprietary 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. [s-d107] [s-d179] [s-d349] [s-d381] - 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. - Attributed: MIH Bidco Holdings B.V. — MIH Internet Holdings B.V.. Capacity: Co-offeror under Dutch financial-supervision statute. Period: Source recorded 2026-06-30; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d237] - 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. - Attributed: MIH Bidco Holdings B.V. — MIH e-Commerce Holdings B.V.. Capacity: Co-offeror under Dutch financial-supervision statute. Period: Source recorded 2026-06-30; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d237] - 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. - Attributed: Takealot Group — Uber Eats. Capacity: Co-subject of market inquiry; no business relationship implied. Period: Source recorded 2021-02; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d108] [s-d272] [s-d321] [s-d35] [s-d351] [s-d98] - 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. - Attributed: Takealot Group — Airbnb. Capacity: Co-subject of market inquiry; no business relationship implied. Period: Source recorded 2021-02; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d108] [s-d272] [s-d321] [s-d35] [s-d351] [s-d98] - 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. - Attributed: Takealot Group — Mr D Food. Capacity: Group food-delivery platform. Period: Source recorded 2021-02; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d272] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Takealot Group — Property24. Capacity: Co-subject of market inquiry; no business relationship implied. Period: Source recorded 2021-02; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d272] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: iFood — Abrasel. Capacity: Subject of restaurant-association complaint and disputed market-share estimate. Period: Source recorded 2022-08-25; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d275] [s-supp-review-ifood-tcc] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The competitors’ cited 80% share concerned their asserted market definition; iFood disputed equating the app market with all food delivery. An interim measure and an allegation of non-compliance are not a final finding of every alleged practice. - Response: Bloisi said iFood considered its conduct lawful, had renewed existing arrangements rather than adding new ones, and had reduced the exclusive-restaurant proportion from 11% to 8%. Other iFood executives cited multi-platform restaurant chains, logistics investment and orders placed directly through restaurants or messaging apps. They disputed informal exclusivity and said they supplied data to Cade weekly. - Outcome: On 8 February 2023, Cade agreed a 54-month cessation commitment with iFood, monitored by a trustee. It barred exclusivity with brands of at least 30 restaurants and capped smaller-brand exclusivity nationally at 25% of platform GMV and locally at 8% of active restaurants in cities above 500,000 residents. It also restricted price-parity clauses and restraints on competing platforms. This negotiated settlement is the later outcome of the investigation, not a criminal conviction or a blanket clearance of the earlier allegations. - Attributed: Ervin Tu — Bob van Dijk. Capacity: Successor to van Dijk as interim CEO. Period: Source recorded 2024-08-08; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d282] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Limited — Yunus Carrim. Capacity: Company responding to former minister’s testimony; allegations disputed. Period: Source recorded 2020-02-25; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d232] [s-d294] [s-d295] [s-d296] [s-supp-zondo-lobbying-outcome] - 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. - Attributed: MultiChoice (Pty) Ltd — Faith Muthambi. Capacity: Reported policy lobbying of communications minister. Period: Source recorded 2020-02-25; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d232] [s-d294] [s-d295] [s-d296] [s-supp-zondo-lobbying-outcome] - 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. - Attributed: Bob van Dijk — MultiChoice Group Limited. Capacity: Group CEO supporting subsidiary’s governance review. Period: Source recorded 2017-12-04; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d232] [s-d294] [s-d295] [s-d296] [s-supp-zondo-lobbying-outcome] - 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. - Attributed: Naspers Limited — Yunus Carrim. Capacity: Company responding to former minister’s testimony; allegations disputed. Period: Source recorded 2020-02-26; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d232] [s-d294] [s-d295] [s-d296] [s-supp-zondo-lobbying-outcome] - 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. - Attributed: Fabricio Bloisi Rocha — Ervin Tu. Capacity: Succeeded interim chief executive. Period: Succession announced 17 May 2024 and effective 1 July 2024. [s-d120] [s-d125] [s-d17] [s-d177] [s-d231] [s-d282] - 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. - Attributed: Prosus N.V. — Institutional Shareholder Services. Capacity: Company covered by proxy-adviser recommendation; no retainer established. Period: Source recorded 2026-08-26; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d117] [s-d302] [s-d315] [s-d320] [s-d360] [s-d74] - 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. - Attributed: Naspers Limited — Glass Lewis & Co. Capacity: Company covered by proxy-adviser recommendation; no retainer established. Period: Source recorded 2026-08-26; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d117] [s-d302] [s-d315] [s-d320] [s-d360] [s-d74] - 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. - Attributed: Media24 Proprietary Limited — Sholto Investments BVI. Capacity: Party ordered to disclose specified vehicle’s external media interests. Period: Source recorded 2014-08-19; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d103] [s-d107] [s-d314] [s-d317] [s-d318] [s-d381] - 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. - Attributed: Media24 Proprietary Limited — De Goedgedacht Trust. Capacity: Party ordered to disclose specified vehicle’s external media interests. Period: Source recorded 2014-08-19; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d103] [s-d107] [s-d314] [s-d317] [s-d318] [s-d381] - 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. - Attributed: Jacobus Petrus (Koos) Bekker — Naspers Limited. Capacity: Ultimate-control theory attributed to Caxton, not a Tribunal finding. Period: Source recorded 2014-08-19; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d103] [s-d107] [s-d314] [s-d317] [s-d318] [s-d381] - 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. - Attributed: Jacobus du Toit (Cobus) Stofberg — Naspers Limited. Capacity: Ultimate-control theory attributed to Caxton, not a Tribunal finding. Period: Source recorded 2014-08-19; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d103] [s-d107] [s-d314] [s-d317] [s-d318] [s-d381] - 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. - Attributed: Sanlam Limited — Naspers Limited. Capacity: Ultimate-control theory attributed to Caxton, not a Tribunal finding. Period: Source recorded 2014-08-19; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d103] [s-d107] [s-d314] [s-d317] [s-d318] [s-d381] - 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. - Attributed: Takealot Group — Property24. Capacity: Co-subject of market inquiry; no business relationship implied. Period: Source recorded 2023-08-01; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d108] [s-d272] [s-d321] [s-d35] [s-d351] [s-d98] - 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. 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. - 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. 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. - Outcome: The final inquiry retained corrective measures. The retained material does not establish a complete later implementation or appeal history for every requirement. - Attributed: Takealot Group — Autotrader. Capacity: Co-subject of market inquiry; no business relationship implied. Period: Source recorded 2023-08-01; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d108] [s-d272] [s-d321] [s-d35] [s-d351] [s-d98] - 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. 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. - 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. 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. - Outcome: The final inquiry retained corrective measures. The retained material does not establish a complete later implementation or appeal history for every requirement. - Attributed: Ivan Vladimirovich Tavrin — Alisher Usmanov. Capacity: Reported former business association of founder; not corporate control. Period: Source recorded 2022-10-17; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d343] [s-d345] [s-d365] [s-d390] - 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. - Attributed: Ivan Vladimirovich Tavrin — Alisher Usmanov. Capacity: Reported former business association; no guilt or present control inferred. Period: Source recorded 2023-12-12; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d345] [s-d365] [s-d390] - 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. - Attributed: Jacobus du Toit (Cobus) Stofberg — Jacobus Petrus (Koos) Bekker. Capacity: Historical acting replacement during Bekker’s sabbatical. Period: Source recorded 2025-08; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d346] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Naspers Limited — Jannie Mouton. Capacity: Historical opponent of PSG-led takeover approach. Period: Source recorded 2006; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d346] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Jacobus Petrus (Koos) Bekker — Jacobus du Toit (Cobus) Stofberg. Capacity: Joint acquisition through separate entities in Wheatfields arrangement. Period: Source recorded 2006; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d137] [s-d346] - 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. - Attributed: Mr D Food — Superbalist (retail business). Capacity: Brands named in same recruitment notice; not cross-ownership. Period: Source recorded 2026; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d355] [s-d395] [s-supp-review-superbalist-disposal] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. The report establishes the disposal period, not an exact completion day. Older group privacy, recruitment and security-contact lists may describe a former portfolio relationship and cannot by themselves establish continuing ownership. - Outcome: Superbalist is retained as a historical portfolio business. Its later appearance beside Takealot or Mr D in a shared notice does not reverse the disclosed disposal. - Attributed: Ivan Vladimirovich Tavrin — LIMITED LIABILITY COMPANY KISMET CONSULTING. Capacity: Controller associated with entity in official SDN entry. Period: Source recorded 2026-09-18; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d345] [s-d365] [s-d390] - 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. - Attributed: Ivan Vladimirovich Tavrin — Alisher Usmanov. Capacity: Reported former business association; no guilt or present control inferred. Period: Source recorded 2026-09; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d345] [s-d365] [s-d382] [s-d390] - 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. - Attributed: MIH Holdings Proprietary Limited — M-Net Limited. Capacity: Historical business emerged from M-Net and was renamed MIH; exact vehicle continuity qualified. Period: Source recorded 2012-11-30; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d399] - Qualification: This source-qualified capacity is not a finding of shared liability or a certification of a current mandate. - Attributed: Sipho Maseko — Afrifund Consortium Investments. Capacity: Leader associated with proposed empowerment consortium; direct personal stake not established. Period: Source recorded 2025-02-04; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d385] [s-d391] [s-d402] [s-d86] - 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. - Attributed: Sonja De Bruyn — Identity Partners Itai Consortium. Capacity: Leader associated with proposed empowerment consortium; direct personal stake not established. Period: Source recorded 2025-02-04; underlying appointment or transaction date and later status are not inferred from retrieval. [s-d385] [s-d391] [s-d402] [s-d86] - 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. ## Sources - [s-d8] Company statement source · s-d8 - [s-d12] Company statement source · s-d12 - [s-d31] Company statement source · s-d31 - [s-d342] Media source · s-d342 - [s-d13] Company statement source · s-d13 - [s-d53] Company statement source · s-d53 - [s-d25] Company statement source · s-d25 - [s-d108] Media source · s-d108 - [s-d272] Media source · s-d272 - [s-d321] Media source · s-d321 - [s-d35] Media source · s-d35 - [s-d351] Media source · s-d351 - [s-d98] Media source · s-d98 - [s-d45] Company statement source · s-d45 - [s-d102] Other source · s-d102 - [s-d103] Media source · s-d103 - [s-d46] Court record source · s-d46 - [s-d55] Company statement source · s-d55 - [s-d56] Media source · s-d56 - [s-d64] Company statement source · s-d64 - [s-d71] Company statement source · s-d71 - [s-d72] Other source · s-d72 - [s-supp-prosus-fy23] Company statement source · s-supp-prosus-fy23 - [s-d122] Company statement source · s-d122 - [s-d17] Company statement source · s-d17 - [s-d82] Company statement source · s-d82 - [s-d61] Company statement source · s-d61 - [s-d126] Media source · s-d126 - [s-d178] Media source · s-d178 - [s-d233] Media source · s-d233 - [s-d85] Company statement source · s-d85 - [s-d86] Other source · s-d86 - [s-d87] Other source · s-d87 - [s-d385] Media source · s-d385 - [s-d391] Media source · s-d391 - [s-d402] Media source · s-d402 - [s-d99] Media source · s-d99 - [s-d107] Media source · s-d107 - [s-d314] Media source · s-d314 - [s-d317] Court record concerning Naspers or the identified participant, South African Competition Tribunal - [s-d318] Media source · s-d318 - [s-d381] Court record concerning Naspers or the identified participant, South African Competition Tribunal - [s-d105] Company statement source · s-d105 - [s-d117] Company statement source · s-d117 - [s-d120] Company statement source · s-d120 - [s-d133] Other source · s-d133 - [s-d137] Media source · s-d137 - [s-d346] Media source · s-d346 - [s-d106] Media source · s-d106 - [s-d134] Other source · s-d134 - [s-d349] Media source · s-d349 - [s-d123] Other source · s-d123 - [s-d125] Media source · s-d125 - [s-d175] Other source · s-d175 - [s-d177] Media source · s-d177 - [s-d23] Company statement source · s-d23 - [s-d231] Media source · s-d231 - [s-d282] Media source · s-d282 - [s-d29] Company statement source · s-d29 - [s-d303] Media source · s-d303 - [s-d237] Court record concerning Naspers or the identified participant, Netherlands Judiciary - [s-d129] Other source · s-d129 - [s-d157] Other source · s-d157 - [s-d131] Media source · s-d131 - [s-d138] Other source · s-d138 - [s-d140] Other source · s-d140 - [s-d144] Other source · s-d144 - [s-d179] Court record source · s-d179 - [s-d354] Media source · s-d354 - [s-d363] Media source · s-d363 - [s-d364] Other source · s-d364 - [s-d384] Media source · s-d384 - [s-d220] Media source · s-d220 - [s-d227] Company statement source · s-d227 - [s-d229] Company statement source · s-d229 - [s-d239] Court record concerning Naspers or the identified participant, Netherlands Judiciary - [s-d261] Court record concerning Naspers or the identified participant, Netherlands Judiciary - [s-supp-review-avito-appeal] Media source · s-supp-review-avito-appeal - [s-d253] Media source · s-d253 - [s-d281] Media source · s-d281 - [s-d383] Media source · s-d383 - [s-d257] Court record source · s-d257 - [s-d259] Court record source · s-d259 - [s-d273] Media source · s-d273 - [s-d277] Media source · s-d277 - [s-d278] Media source · s-d278 - [s-d280] Media source · s-d280 - [s-d232] Other source · s-d232 - [s-d294] Media source · s-d294 - [s-d295] Media source · s-d295 - [s-d296] Media source · s-d296 - [s-supp-zondo-lobbying-outcome] Judicial Commission of Inquiry into State Capture, Report Part V Volume 2, www.gov.za, 2022-06 - [s-d307] Other source · s-d307 - [s-d302] Media source · s-d302 - [s-d315] Company statement source · s-d315 - [s-d320] Company statement source · s-d320 - [s-d360] Company statement source · s-d360 - [s-d74] Company statement source · s-d74 - [s-d309] Company statement source · s-d309 - [s-d343] Media source · s-d343 - [s-d345] Regulatory record concerning Naspers or the identified participant, US Department of State (archived official administration site) - [s-d365] Regulatory record concerning Naspers or the identified participant, US Treasury sanctions search - [s-d390] Regulatory record concerning Naspers or the identified participant, United Kingdom Government - [s-d347] Media source · s-d347 - [s-d348] Media source · s-d348 - [s-d350] Other source · s-d350 - [s-d9] Company statement source · s-d9 - [s-d400] Company statement source · s-d400 - [s-d181] Other source · s-d181 - [s-d322] Other source · s-d322 - [s-d165] Other source · s-d165 - [s-d353] Media source · s-d353 - [s-d373] Media source · s-d373 - [s-d270] Media source · s-d270 - [s-d142] Other source · s-d142 - [s-d88] Other source · s-d88 - [s-supp-naspers-history-response] Company statement source · s-supp-naspers-history-response - [s-supp-trc-journalists] Media source · s-supp-trc-journalists - [s-d89] Company statement source · s-d89 - [s-d92] Media source · s-d92 - [s-d93] Media source · s-d93 - [s-d94] Company statement source · s-d94 - [s-d132] Other source · s-d132 - [s-d176] Other source · s-d176 - [s-d399] Media source · s-d399 - [s-d135] Other source · s-d135 - [s-d394] Media source · s-d394 - [s-d139] Other source · s-d139 - [s-d143] Other source · s-d143 - [s-d163] Other source · s-d163 - [s-d76] Company statement source · s-d76 - [s-d171] Other source · s-d171 - [s-d172] Other source · s-d172 - [s-d173] Other source · s-d173 - [s-d174] Other source · s-d174 - [s-d182] Other source · s-d182 - [s-d183] Other source · s-d183 - [s-d184] Other source · s-d184 - [s-d215] Other source · s-d215 - [s-d216] Other source · s-d216 - [s-d217] Media source · s-d217 - [s-d218] Other source · s-d218 - [s-d230] Other source · s-d230 - [s-d275] Media source · s-d275 - [s-supp-review-ifood-tcc] Cade settlement with iFood in the restaurant-exclusivity investigation, www.gov.br, 2023-02-08 - [s-d341] Other source · s-d341 - [s-d378] Company statement source · s-d378 - [s-d382] Other source · s-d382 - [s-d387] Other source · s-d387 - [s-d20] Company statement source · s-d20 - [s-d34] Company statement source · s-d34 - [s-d395] Company statement source · s-d395 - [s-supp-review-superbalist-disposal] Company statement source · s-supp-review-superbalist-disposal - [s-d48] Other source · s-d48 - [s-d69] Other source · s-d69 - [s-d75] Company statement source · s-d75 - [s-d124] Company statement source · s-d124 - [s-d161] Media source · s-d161 - [s-d162] Media source · s-d162 - [s-d251] Court record source · s-d251 - [s-d267] Regulatory record concerning Naspers or the identified participant, South African Department of Employment and Labour - [s-d323] Court record concerning Naspers or the identified participant, South African Competition Tribunal - [s-d361] Court record source · s-d361 - [s-d352] Other source · s-d352 - [s-d355] Other source · s-d355 - [s-d223] Company statement source · s-d223 - [s-d226] Company statement source · s-d226 - [s-d240] Company statement source · s-d240 - [s-d358] Company statement source · s-d358 - [s-d51] Company statement source · s-d51 - [s-d52] Company statement source · s-d52 - [s-d73] Company statement source · s-d73 - [s-d219] Media source · s-d219 - [s-supp-payu-response] Media source · s-supp-payu-response - [s-d33] Other source · s-d33