Naspers looking to reduce its dominance on the JSE
By taking up about 20% of the JSE all share, many tracker funds are forced to cap the amount of Naspers stock in their portfolio
27 January 2021 - 17:50
Naspers is looking at ways to reduce its dominance of the JSE, an issue that is hampering efforts to narrow a valuation gap between the group and its 31.2% stake in Chinese internet giant Tencent Holdings.
Naspers makes up almost a fifth of the bourse, even after spinning off most of its assets into Amsterdam-listed Prosus in 2019. Naspers stock has had a blistering start to 2021, gaining almost 18%, the best performer on the JSE top 40...
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