Naspers | Prosus

Prosus and Naspers: an unwavering growth strategy

*This content is brought to you by Naspers/Prosus There have been significant developments at Naspers-Prosus in recent times. The Great Value Unlock Trade (a cross-holding structure that was highly criticised by asset managers) was implemented, which made Naspers smaller in the local market and Prosus larger in the European market. To add to the complexity…

Naspers | Prosus

Naspers and Prosus earnings slashed as Tencent catches a cold

JSE heavyweights Naspers and Prosus announced earnings guidance for its half-year results, which were markedly lower compared to the prior period. This is predominately because of higher finance costs and weaker fair value gains from Tencent and other associate companies. Tencent, along with many Chinese companies, has fallen victim to the government’s stranglehold on capitalism.…

Naspers mulling over mandatory vaccines for SA staff
mulling | Naspers

Naspers mulling over mandatory vaccines for SA staff

By S’thembile Cele (Bloomberg) – Naspers is considering making Covid-19 vaccines mandatory for South African staff after the country’s largest medical-scheme administrator took the step earlier this month.  Africa’s largest company by market value is mulling the decision to enable employees to travel safely, Phuthi Mahanyele-Dabengwa, head of Naspers South Africa, told the Nation Brand…

‘Owning | Naspers

‘Owning Naspers shares comes with existential risk’ – Piet Viljoen

Counterpoint’s Piet Viljoen joined the BizNews Power Hour to weight in on the fate of Naspers and Prosus, given that their primary driver – internet giant Tencent – has been one of the worst affected tech companies hit by the muster of the Chinese regulators clamp down on Big Tech. while Viljoen believes that a…

Naspers tests positive for the China virus – Steven Nathan
Naspers | tests

Naspers tests positive for the China virus – Steven Nathan

10x Investments founder Steven Nathan joins Alec Hogg to share his rational perspective as the BizNews Power Hour’s regular Tuesday co-host. Nathan delves into the regulatory crackdown happening in the East, with Tencent having fallen as much as 40% over the past six months. This has directly affected South African investors, with Naspers and Prosus…

Naspers | releases

Naspers releases solid results as share remains unmoved

Naspers SENS statement: Commentary: Our Board is immensely proud of what our people achieved during the past year. They managed the pandemic, delivered powerful revenue growth and lifted profitability. Foundations were laid for future growth.  The year ended 31 March 2021 (FY21) was an extraordinary period. Despite the challenges, the group has delivered strong results…

Naspers at crossroads as 36 activist investors question share swap, management alignment
crossroads | Naspers

Naspers at crossroads as 36 activist investors question share swap, management alignment

A number of South Africa’s top asset managers have teamed together against the complex shareholding structure and lack of management alignment in South Africa’s two largest businesses – Naspers and Prosus. The Naspers executive team, led by chief executive Bob van Dijk, has been under scrutiny by market participants for a number of years. The…

discount | Naspers

The Naspers discount and what needs to happen – Arnie Witkin

In this thought-provoking piece, BizNews community member Arnie Witkin gives commentary on Naspers. The Cape Town based multinational is, as he writes, the most successful company ever to be listed on the JSE. Naspers, which owns a third of Tencent, has been struggling to unlock value for shareholders – without cashing out on what is…