NEWS ANALYSIS: Naspers claws back some of the losses caused by China’s heavier hand
After losing as much as R190bn between Monday and Tuesday, the tech group has made up some ground
02 August 2021 - 05:00
Naspers, SA’s largest publicly traded group, and its Prosus subsidiary had a rocky week in the markets with almost R200bn in shareholder value lost — highlighting the risk of a single dominant stock on the JSE — as Chinese authorities clamped down on tech companies.
After losing as much as R190bn between Monday and Tuesday, the technology group has recovered some of the losses, gaining about R100bn since Wednesday...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.