Prosus says it will weather the storm in Russia and Ukraine
Geographic spread and diversified businesses mitigate risk in Russia from Russian invasion, says CEO
13 March 2022 - 09:41
Prosus, a subsidiary of Naspers, moved swiftly this week to allay investors' concerns about its businesses in Russia and Ukraine, assuring the market that it will be able to weather the storm thanks to its broad geographical investment spread.
Western countries have imposed strong sanctions on Russia over its invasion of Ukraine, which is reducing much of the country and its infrastructure to rubble. ..
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.