02
March
2022
|
13:48
Europe/Amsterdam

Statement on Ukraine

Statement on Ukraine

2 March 2022 - We are appalled by the war in Ukraine and highly concerned for everyone affected. We hope that a diplomatic solution can be found to de-escalate the situation as quickly as possible.

Our OLX Europe business employs 350 people in Ukraine and their safety is of paramount importance. We are in close contact with our Ukrainian employees and we are taking all appropriate action to support them. We have arranged accommodation for employees and their families wishing to relocate away from the east of Ukraine and into the west, and also to leave Ukraine where this is possible. Colleagues in neighbouring countries are offering their own support to Ukraine-based employees and their families. We have also advanced salaries and have offered additional financial support to those in need. Additionally, OLX Europe has committed US$350,000 (US$1,000 for every OLX Ukraine employee) to the International Committee of the Red Cross, which is providing humanitarian aid at this time to the local communities in Ukraine.

We have also more than 4,000 employees in Russia working for our locally-run Russian classifieds business, Avito. Avito is supporting all of its team through this uncertain time.

At this stage, we cannot speculate on the longer-term implications for our operations and investments. We will provide updates as more information becomes available.

Updates

Prosus commits US$10m to humanitarian aid in Ukraine - 30 March 2022

Statement on Avito - 25 March 2022

Statement on Avito job adverts - 21 March 2022

Investor call recording - 7 March 2022

Investor call transcript - 7 March 2022

Statement on VK - 7 March 2022

Boilerplate

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 in the country. These include Takealot, Mr D Food, Superbalist, OLX, Autotrader, Property24 and PayU, in addition to Media24, South Africa’s leading print and digital media business.

Naspers is also focused on stimulating South Africa’s local tech sector through Naspers Foundry. This is a R1.4 billion investment vehicle that invests in early-stage technology companies that seek to address big societal needs. To help address youth unemployment in impoverished communities, in 2019, Naspers launched Naspers Labs, a development programme that provides young people with the training and skills to pursue tech careers. Naspers has a primary listing on the Johannesburg Stock Exchange (NPN.SJ) and a secondary listing on the A2X Exchange (NPN.AJ) in South Africa and has an ADR listing on the London Stock Exchange (LSE: NPSN). 

For more information, please visit www.naspers.com.

About Naspers Foundry

Naspers Foundry is a R1.4 billion early-stage business funding vehicle dedicated to growing South Africa-focused technology companies. In 2019, Naspers Foundry invested R30 million in SweepSouth, an online home and business cleaning services platform that connects clients with trusted, reliable cleaners. For more information visit www.sweepsouth.com

In May 2020, Naspers Foundry invested R100 million in Aerobotics, an agritech company that provides tree crop health and yield intelligence data to the agricultural industry using drone and satellite-enabled AI technology. For more information visit www.aerobotics.com

In November 2020, Naspers Foundry invested R45 million in online learning platform, The Student Hub. The company helps overcome the constraints of limited physical infrastructure and related resources by partnering with government accredited Technical and Vocational Education and Training (“TVET”) colleges to help them deliver their courses online. For more information visit https://www.thestudenthub.co.za

In June 2021, Naspers Foundry invested R42 million in mobility technology company WhereIsMyTransport. The company maps formal and informal public transport networks 4 and uses this data and technology to improve the public transport experience for millions of consumers in high-growth megacities globally. For more information visit https://www.whereismytransport.com

Naspers Foundry invested R34 million in digital short-term insurance advice platform, Ctrl in July 2021. Ctrl provides a unique tech solution to the short-term insurance industry and consumers through its platform, connecting consumers, brokers and insurers in one place. The platform enables brokers to provide insurance advice digitally and allows underserved consumers to easily compare multiple quotes, obtain advice, accept cover and manage their policies. For more information visit https://www.takectrl.co.za

In August 2021, Naspers Foundry, announced a R120 million (US$8.3m) investment in Naked, the artificial intelligence (AI)-driven insurtech company that offers a new, fully digital way for consumers to insure their cars, homes, and valuables. For more information visit: https://www.naked.insure

In December 2021, Naspers Foundry invested R54 million (US$3.4m) in car subscription company, Planet42. Planet42 addresses transport inequality by offering an inclusive car subscription service to customers who typically cannot access traditional bank credit. For more information visit: https://planet42.com/za/

In February 2022, Naspers Foundry, announced a R15 million (US$1M) investment in Floatpays, an on-demand earned wage access platform that helps customers build financial wellness. For more information visit: https://www.floatpays.co.za.

Naspers Labs

Naspers Labs is a youth development programme designed to transform and launch South Africa’s unemployed youth into economic activity. Naspers Labs is evolving their offering to focus on digital skills and training, enabling young people to pursue tech careers.

Naspers for Good

Naspers for Good is a corporate philanthropy fund administered by a committee of employees in South Africa. Through the fund, Naspers forms partnerships with organisations that have a proven track record of delivering solutions for the most pressing challenges affecting our communities. Email [email protected] for more information.

Response to COVID-19

Naspers contributed R1.5 billion of emergency aid in support of 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 have been impacted by Covid-19 with meals for a year.

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.

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