Naspers Ltd. anticipates that the South African economy will benefit from an infusion of 91.4 billion rand ($5.2 billion) from e-commerce and other digital platforms.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

Naspers Ltd., Africa’s largest company by market value, expects e-commerce and other digital platforms to inject 91.4 billion rand ($5.2 billion) into the South African economy by 2035.

That would see the sector contribute 1.38% to gross domestic product in just over a decade, research done by Naspers and the Mapungubwe Institute for Strategic Reflection shows.

Naspers owns Takealot, South Africa’s top online retailer, and has been expanding its services to include one-hour delivery for items ranging from phone chargers to toys.

That will help it better compete with Amazon.com Inc., which entered the local marketplace in May.

Source: newsthemegh.com