S.Africa’s Naspers hires Airbnb, Amazon veteran to lead global classifieds business

Africa’s largest company, Naspers Ltd, has hired a top Airbnb and former Amazon executive to lead its global online classifieds business, it said on Thursday, as the technology investor looks to shore up contributions from core businesses. The company’s online classifieds business, clubbed under OLX Group, contributes 5% to overall revenues and is the biggest […]

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Dunkirk smelter deal provides a window into GFG’s complex web of financing

Sanjeev Gupta’s $500 million purchase of Europe’s largest aluminium smelter from Rio Tinto in 2018 was the steel tycoon’s first big industrial deal financed through traditional bank debt. Gupta’s GFG Alliance, a sprawling network of hundreds of privately-held companies with interests spanning steel, aluminium, mining, financial services and real estate, publicly announced the five-year term […]

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