Watch: Naspers is Africa’s biggest company thanks to a 2001 bet on China’s Tencent. But its elephantine size on the Johannesburg exchange meant a chunky value discount. Scrapping golden shares would help narrow the discount, says edwardcropley.
Naspers is Africa’s biggest company thanks to a 2001 bet on China’s Tencent. But its elephantine size on the Johannesburg exchange meant a chunky value discount. Listing its Tencent stake in Europe has helped; scrapping golden shares would close the gap further, says Ed Cropley.
Naspers is Africa’s biggest company thanks to a 2001 bet on China’s Tencent. But its elephantine size on the Johannesburg exchange meant a chunky value discount. Listing its Tencent stake in Europe has helped; scrapping golden shares would close the gap further, says Ed Cropley.https://reut.rs/2OeqXkv
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