Naspers’s 31%-owned associate Tencent was down 1.52% to HK$401.80 in Hong Kong ahead of the JSE’s opening on Monday morning, part of a general slide in Chinese stocks as the market digested the weekend’s events in Syria. Tencent contributed to Hong Kong’s Hang Seng index falling 1.5%, and mainland China’s Shenzhen and Shanghai indices were similarly down 1.5%. Naspers fell back under R3,000 per share on Friday, closing 2.44% lower at R2,995, and is likely to slide further on Monday judging by Tencent. The rand was weaker at R12.08 to the dollar, R14.90 to the euro and R17.22 to the pound at 7am. Steinhoff International closed 9% down at €0.15 in Frankfurt on Friday, which equated to about R2.23 at Monday morning’s exchange rate — higher than its R2.16 closing price on the JSE on Friday. On Saturday, the US, France and the UK fired 105 missiles, which they claim destroyed three Syrian chemical weapons facilities in response to Syrian President Bashar al-Assad attacking civilians in D...
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