Prosus hits record high as Covid-19 boosts online gaming
The Naspers unit has a stake in the owner of Fortnite, which has added 100-million users in the last year
As a wave of distress sweeps across corporate SA during the Covid-19 pandemic, Naspers’s global internet arm, Prosus, is among the biggest winners as millions of homebound consumers worldwide turn to its e-commerce offering.
Shares in Prosus closed 1.63% higher at R1,540, the stock’s highest closing record since debuting on the JSE and in Amsterdam’s Euronext, where it instantly became Europe’s biggest internet company. The stock is up about 45% so far in 2020...