17 March 2022 23 Min Read
Behind the giddying swings in Naspers
On Monday and Tuesday, Naspers and Prosus lost more than R430bn in value, hurting the vast majority of SA pension funds. On Wednesday, both stocks came roaring back, gaining 20% on the day. These wild swings would be tough to stomach at the best of times. But these are not the best of times for Naspers; it’s fighting fires on every front. And it’s not just China and Russia — the hefty gamble on food delivery is also causing sleepless nights
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