We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Within a week of its bone-chilling slump to a five-year low of R1,500, the Naspers share price had recovered all its losses and added a little for good measure. Unsurprisingly, it took its direction from Tencent, which bounced back from its low of HK$316 with almost the same vigour that it had dropped.But the dramatic crash of mid-March has all the hallmarks of a honeymoon that is over. There were few new developments behind the extreme jitters that hit market sentiment. The US Securities & Exchange Commission’s tougher stance has been on the cards since a new law was introduced in 2020; the tougher regulatory regime in China was flagged all the way back in November 2020 when Alibaba was blocked from listing its finance business, Ant. The JPMorgan report last week that declared China to be "uninvestable" did little more than sum up what the market already knew.What was relatively new, or at least just a few weeks old, were concerns about how the war in Ukraine might affect China, wh...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now