EDITORIAL: Naspers’s tie-up with Tencent is a volatile bet
Opaque structure means value can be wiped out at the stroke of a party official’s pen
24 March 2022 - 05:00
Markets can be unforgiving. Ask Bob van Dijk, the boss of a cross-holding entity Prosus-Naspers, whose stock took a pounding on the back of resurgent concerns about the fate of foreign investments in China’s tech industry.
But in most cases market players are best at influencing capital allocation — one the most important responsibilities of a company leadership team...
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.
This article is free to read if you sign up or sign in.
If you have already registered or subscribed, please sign in to continue.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.