Director’s Cut: 36ONE's Steven Hurwitz - “Prosus is a sleeping giant. China holds the key.”

36ONE’s Steven Hurwitz says Prosus has finally shifted from promise to profit, with its e-commerce brands now earning real money beyond Tencent. Buybacks are shrinking the discount and a Just Eat turnaround could unlock major upside for South African investors. The only wildcard? China still holds the key to how big the payoff can be.