Naspers said on Monday a newly created entity containing assets including its stake in Chinese internet giant Tencent will be valued at about a tenth of the JSE’s R13.36-trillion value. 

Africa’s largest company by market value received shareholder backing last week to proceed with the listing of Prosus in Amsterdam in September. Alongside the Tencent stake, the new company will hold businesses from Brazil to Germany in industries such as online food delivery and classified advertising.

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 exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now