22 Apr 2022
OLX global impact report 2021
Prosus's classifieds business OLX Group’s purpose is to shape the future of trade to unlock the hidden value in everything. Its impact is not just limited to its customers but also to wider communities.
OLX global impact report 2021
Prosus's classifieds business OLX Group’s purpose is to shape the future of trade to unlock the hidden value in everything. When it comes to unlocking hidden value, its impact is not just limited to its customers, but also to wider communities and the planet.
In 2019 OLX began documenting the collectively massive impact its consumers have in using OLX's platforms for trade. A significant part of OLX's business involves extending the lives of products through second-hand trade. Such trade naturally facilitates efficient use of natural resources by extending the useful lives of items through trade, thereby reducing overall demand for new production.
OLX's Impact Report Series looks in more detail at the considerable impact such trade has had with respect to CO2 reduction, water conservation, and materials saved.
Today, on Earth Day, OLX presented its Global Impact Report for the year 2021 and looks at the potential environmental benefits of secondhand sales on OLX's platforms, in key product categories. You can find the complete report here.
About Naspers
Established in 1915, Naspers has transformed itself to become a global consumer internet company and one of the largest technology investors in the world. Through Prosus, the group operates and invests globally in markets with long-term growth potential, building leading consumer internet companies that empower people and enrich communities. Prosus has its primary listing on Euronext Amsterdam, and a secondary listing on the Johannesburg Stock Exchange and Naspers is the majority owner of Prosus.
In South Africa, Naspers is one of the foremost investors in the technology sector and is committed to building its internet and ecommerce companies. These include Takealot, Mr D Food, Superbalist, Autotrader, Property24 and PayU, in addition to Media24, South Africa’s leading print and digital media business.
Naspers has a primary listing on the Johannesburg Stock Exchange (NPN.SJ), a secondary listing on the A2X Exchange (NPN.AJ) in South Africa, and has a level 1 American Depository Receipt (ADR) programme which trades on an over-the-counter basis in the United States of America.
For more information, please visit www.naspers.com.
Naspers Labs
In 2019, Naspers Labs, a youth development programme designed to transform and launch South Africa’s unemployed youth into economic activity, was launched. Naspers Labs focuses on digital skills and training, enabling young people to pursue tech careers.
Response to COVID-19
Naspers contributed R1.5 billion of emergency aid to support the South African government’s response to the COVID-19 pandemic. This contribution consisted of R500 million towards the Solidarity Fund and R1 billion worth of PPE sourced and distributed to South Africa’s front-line healthcare workers. In addition, Naspers contributed R6.9 million to the Nelson Mandela Foundation's EachOne FeedOne programme to support families who COVID-19 has impacted with meals for a year.