Prosus listing leaves Naspers investors with some thinking
Why invest in Naspers and its SA businesses when one can go straight to Prosus for the lucrative global assets?
As Africa’s largest listed company took its international assets offshore on Wednesday, can what remains behind, namely Naspers (https://www.sharenet.co.za/v3/quickshare.php?scode=NPN), still be considered a South African business?
How South African can an entity really be when its SA assets account for less than 1% of the group’s asset base?
Over decades the Cape Town-based company has transformed its business from a print publisher to an internet company. Earlier this year it disposed of MultiChoice, an operation still largely based on a two decades old legacy business model and perhaps its biggest anchor to the SA market. MultiChoice, which now has a separate listing, (https://www.sharenet.co.za/v3/quickshare.php?scode=MCG) has a market capitalisation of about R51bn...