JSE giant Naspers needs a second home
While the tech company is moving its internet assets to a listing in Amsterdam, it insists it is not abandoning SA
29 May 2019 - 14:48
Naspers may be moving most of its internet businesses to a new listing in Amsterdam, but the Cape Town-based tech investor is at pains to show it is not abandoning SA.
The creation of the still generically named NewCo Group will hold such crown jewels as Naspers’s 31% stake in Chinese web giant Tencent — now worth $121bn. Left behind in SA will be the media assets that Naspers has long made clear are not a priority — plus local online ventures Takealot and Property24...
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