Naspers is shutting down major ecommerce sites from MIH SA
Emerging markets media and internet giant Naspers looks set to shut down a number of ecommerce sites run by its online investment arm MIH. At least three of the sites affected are part of the company's African Internet Accelerator (AIA) programme.
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Ventureburn sources say that the collapse of the sites will come with job losses and a major restructuring. According to a well placed source, a number of the South African ecommerce investments made by MIH in the last few years will be dissolved, with some parts being absorbed into larger Naspers players such as Kalahari.
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About the author
Stuart Thomas is a senior reporter for Memeburn/Ventureburn