Prosus inches closer to dominating Europe’s food delivery

Grüezi,

Victoria from Techpoint here,

Here’s what I’ve got for you today:

Prosus delays JET buyout deadline to October
Revolut picks Morocco as entry point into Africa
ChatGPT gets smarter about how you learn

Prosus delays JET buyout deadline to October

Prosus has extended the deadline for its €4.1 billion (R85 billion) all-cash offer to acquire Just Eat Takeaway (JET), a global food delivery platform that connects consumers with over 356,000 restaurant partners in 18 countries. JET shareholders now have until October 1 to accept the deal, an extension meant to align with a revised timeline for the European Commission’s ongoing competition review.

The deal, first announced in February, was unanimously recommended by JET’s management and board, despite the company’s continued losses. While JET fulfilled 879 million orders in 2024, it has struggled to become profitable, although it managed to cut losses by €200 million (R4.2 billion) in its last financial year.

Prosus, which is 55% owned by South Africa’s Naspers, has said it’s working closely with the Commission, which is expected to give a final decision by August 11. Once approved, Prosus needs at least 80% shareholder acceptance to push through a full buyout. If 20% or more hold out, the company will move to liquidate JET’s assets and shut down operations.

This is no small deal. It’s Naspers’ biggest investment yet and forms the cornerstone of its ambitious plan to dominate Europe’s online food delivery space. With JET’s existing reach across Europe, North America, and Oceania, Prosus sees the acquisition as a springboard to build what it calls an “AI-first European tech champion.”

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The company plans to consolidate JET’s fragmented platform into a single, secure system, cutting costs and improving efficiency. JET CEO Jitse Groen echoed this in the company’s recent annual report, noting that streamlining the tech architecture would also lead to faster and more consistent service for users.

Meanwhile, Naspers’s own momentum continues. For the year ended March 31, it reported revenue of $7.2 billion (R128 billion), up 20%, and core headline earnings of $3.1 billion (R55.5 billion), a 46% increase. The group says its growing AI investments will underpin this next phase of growth, especially across consumer internet platforms like JET.

Revolut picks Morocco as entry point into Africa

Revolut has tapped former Uber executive Amine Berrada to lead its push into Morocco, signalling that the UK-based neobank is getting serious about Africa. The move comes as Revolut works to secure full licences in both Morocco and South Africa, two of the continent’s most complex but potentially rewarding financial markets.

In Morocco, the digital bank will face a financial system that’s only just starting to warm up to fintech. With the dirham being non-convertible and Bank Al-Maghrib keeping a tight grip on licensing, Revolut can’t just copy-paste its usual multi-currency playbook. Still, the country’s proximity to Europe, vibrant diaspora connections, and early-stage digital shift make it a smart place to start.

Meanwhile, on the other end of the continent, Revolut is in talks to get a full banking licence in South Africa. That would let it do more than just e-wallets or remittance services, but also puts it up against a thicket of exchange controls, privacy laws, and tax rules. In short, it’s complicated.

And the competition? It’s not waiting around. South Africa already has homegrown digital banking giants like TymeBank, Discovery Bank, and Bank Zero, plus strong fintech infrastructure from players like Ozow and Stitch. These guys have years of local trust and integration under their belts.

Even so, Revolut isn’t treating Africa like an afterthought. Its licensing efforts and regional hires suggest it’s in for the long haul. Morocco looks like the testbed, a chance to tweak its product for local realities, build partnerships, and learn before scaling.

If the company gets it right, its approach could lay the groundwork for wider expansion across North and sub-Saharan Africa. One step at a time, but with eyes on the long game.

ChatGPT gets smarter about how you learn

If you’re still stuck in 1923 and saying, “I can’t use AI,” come on now. Before farmers started using tractors around the late 1800s, many swore the machines would take their jobs. Same with typewriters. People resisted because they loved their brains and handwriting, I think. 😂Then came computers, and, well, here we are now typing away. Point is, AI isn’t new. It’s just getting louder and better. If you don’t find a way to integrate it into what you do, you risk being left behind.

I’ve been using AI for as long as I can remember. Grammarly? That’s AI. QuillBot? Same. I’ll never forget my 2021 interview with Techpoint Africa. At the bootcamp — the final stage of the interview process — the copy editor, Precious, said something like, (not verbatim) “Your essay was good; grammatically, you stood out.” Then he asked if I used Grammarly. Of course I did! I spent time editing with it. That tool helped me land the job. Imagine if I’d said, “Nah, I want to do everything with my brain.” Please. 😂

Anyhoo, why am I telling you all this? Because OpenAI just rolled out a new feature in ChatGPT called Study Mode. It’s designed to help students learn rather than just copy answers. It’s available now for all logged-in users — Free, Plus, Pro, Team — and coming soon to ChatGPT Edu.

This move isn’t random. It follows rising concerns from educators who feel students are over-relying on AI and not learning. According to OpenAI, ChatGPT is already one of the world’s most-used learning tools. Students use it to prep for exams, understand tricky topics, and do homework. But that popularity has raised eyebrows about whether real learning is happening.

OpenAI says Study Mode was built with input from teachers, scientists, and education pros. It taps into techniques like Socratic questioning, feedback loops, cognitive load management, you know, all the good stuff from learning science. Instead of just giving answers, it guides students to think, reflect, and check their understanding.

It includes interactive prompts, quizzes, and even tailors responses to your learning level. You can switch it on or off whenever you want. That said, students can still bypass it if they’re hunting for quick answers. But OpenAI is clearly trying to shift ChatGPT from being just an “answer machine” to a proper learning companion.

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