South Africa’s benchmark stock index plunged the most since the market crash of October 1997 as reaction to US measures aimed at curbing the spread of the coronavirus accelerated the sell-off.
Browsing: Anchor Capital
The dominance of Naspers over the South African stock market is about to be reduced – partially at least. And that’s good news for a number of fund managers.
After two weeks of uncertainty in which its share price fell by 17,5%, MTN finally provided some clarity to shareholders on Monday. The announcement that CEO Sifiso Dabengwa had resigned with immediate effect led to the first substantial engagement with the market since the operator was issued
When Naspers stumbled on a little-known Chinese Internet company in 2001, it could not have dreamed that a US$32m investment would account for more than 80% of the media conglomerate’s R200bn market cap now. Tencent Holdings is the largest Internet solutions provider in China and Naspers, which