JSE all share falls as China tech probe hurts Naspers
Tencent, of which Naspers’s Prosus is the largest shareholder, has slumped amid a widening Chinese antitrust probe of the tech sector
28 December 2020 - 11:30
Frankfurt — SA’s main equities index declined, led by Naspers and its Prosus unit after Hong Kong-listed Tencent Holdings slumped amid a widening Chinese antitrust probe of the tech sector. With a stake of about 31%, Prosus is Tencent’s largest shareholder.
The JSE all share fell 0.8% to 58,721 points at 10.25am in Johannesburg, with cyclical sectors, including oil, automotive, and travel and leisure, down the most. Without the decline in Naspers, which accounts for 17% of the all share, the benchmark would be up...
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.