Top South Africa tech investor says it is no longer just a Tencent story

For years, investors have judged Prosus by a single yardstick: Tencent.

The Amsterdam-listed internet giant, majority-owned by South African consumer internet group Naspers, built much of its market value on an early investment in the Chinese technology company. While Prosus assembled a portfolio spanning food delivery, payments, classifieds, and e-commerce across emerging markets, Tencent…