Naspers has a plan to close value gap

Under pressure from investors, Naspers boss Bob van Dijk reaffirmed his determination to close the gap between the group’s value and that of its underlying assets, particularly Tencent, a long-running issue for the technology investor.

Van Dijk has come under renewed pressure to narrow the valuation shortfall after several steps taken in the past three years, including listing the company’s global internet business in Europe and showering investors with cash via a share buyback programme, failed to permanently solve the problem...