Streaming issues? Report here
volume_up
volume_mute

Up Next: Early Breakfast with Abongile Nzelenzele
See full line-up
Home
arrow_forward
Business

Naspers fell 30% after listing its spin-off Prosus. Here’s what happened…

12 September 2019 9:42 AM
Tags:
The Money Show
Simon Brown
Bruce Whitfield
Naspers
Personal finance
Tencent
Just One Lap
Prosus
Prosus is now the holder of a 31% stake in Chinese tech giant Tencent. Financial educator Simon Brown explains.

Naspers dropped 30% (to R2465) after listing its offshore internet assets in Amsterdam as a separate company called Prosus.

The steep fall in the share price is due to Naspers now owning only 75% of Prosus (instead of 100% of it on Tuesday).

Prosus is now the holder of a 31% stake in Chinese tech giant Tencent.

Naspers retains control of Prosus through its ownership of 75% of Prosus' shares.

The Money Show’s Bruce Whitfield asked Simon Brown, a financial educator at Just One Lap, what happened with Naspers on Wednesday.

Listen to the interview in the audio below (and scroll down for quotes from it).

There are caps on how much of an individual share you can own. Now you’ve got two shares… No one wants to invest more than 15% in any individual share…

Simon Brown, Financial Educator - Just One Lap

Naspers was about 22% of the Satrix Top-40… It’s now about 15%... Prosus today went into that Top-40 index…

Simon Brown, Financial Educator - Just One Lap

Enjoy The Money Show, but miss it sometimes?

Get the best bits emailed to you daily, right after it ends:

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : Naspers fell 30% after listing its spin-off Prosus. Here’s what happened…


12 September 2019 9:42 AM
Tags:
The Money Show
Simon Brown
Bruce Whitfield
Naspers
Personal finance
Tencent
Just One Lap
Prosus

More from Business

10 unexpected things that most truly rich people have in common

13 September 2019 2:44 PM

Personal finance expert Warren Ingram on the money values that those "worth" R40 million or more almost invariably have in common.

Read More arrow_forward

'Peter Moyo is not required – nor permitted – at work'

13 September 2019 2:32 PM

Old Mutual is not backing down in its fight with fired CEO Peter Moyo. Ray White interviews EWN’s Nthakoana Ngatane.

Read More arrow_forward

Prasa assets not insured, you are riding at your own risk - Mantshantsha

13 September 2019 1:04 PM

Daily Maverick's Sikonathi Mantshantsha says Prasa is on a downward spiral and trains no longer have risk insurance cover.

Read More arrow_forward

Jeremy Mansfield gets real about his money and beliefs about it

13 September 2019 1:03 PM

Bruce Whitfield interviews Jeremy Mansfield about his attitude to money (hopes and fears, successes and failures, etc.).

Read More arrow_forward

'Getting people out of their homes and into a restaurant is challenging'

12 September 2019 7:08 PM

Spur Corporation says it has experienced some pressure as customer spend is limited due to a slowing economy.

Read More arrow_forward

Steinhoff's R53 million penalty is still the highest paid fine in SA - FSCA

12 September 2019 6:33 PM

The company which was initially slapped with a R1.5 billion fine is now required to pay R53 million.

Read More arrow_forward

Here's why a merger for SAA, Mango and SA Express would be a disaster

12 September 2019 5:04 PM

SA Flyer Magazine's Guy Leitch says while in some ways it may be cost-effective, the merger itself would be very expensive.

Read More arrow_forward

'We had a disdain for money. Material possessions counted for so little'

12 September 2019 3:20 PM

Justice Albie Sachs talks about his attitude to money (hopes and fears, successes and failures, etc.).

Read More arrow_forward

Naspers spin-off comes in at R1,200 a share

12 September 2019 11:47 AM

Prosus made a good start to its first day of trading on the JSE, opening at R1,238 a share.

Read More arrow_forward

What is better - money in the bank or investing in shares?

12 September 2019 11:17 AM

Personal finance expert Warren Ingram offers a definitive answer with an explanation ordinary people can understand.

Read More arrow_forward