Naspers’s operating assets are producing returns well below the cost of capital and operating profit has been and remains negative.

One reason for the discount is that Naspers/Prosus is investing and reinvesting in value-destroying endeavours...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now