Picture: BLOOMBERG
Picture: BLOOMBERG

The JSE insisted on Monday that Naspers’s decision to list the bulk of its portfolio offshore — including a prized stake in Chinese internet giant Tencent — would not harm liquidity on the continent’s biggest bourse.

After fielding repeated calls from investors to find ways to unlock value, Naspers said on Monday it planned to list an entity, currently named NewCo, in Amsterdam.

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Market Analyst at Oanda Ed Moya explains Naspers's plans to form NewCo.