The tech investor warned its profit dropped significantly last year due to impairments and lower contributions from Tencent.
Browsing: Prosus
Prosus is exploring potential divestments from fintech company PayU, according to people familiar with the matter.
Naspers-owned Prosus has continued its selloff of China’s Tencent, bringing its stake in the Chinese internet giant to under 26%.
Tencent Holdings tumbled by the most in seven weeks amid speculation its controlling shareholder, Naspers-controlled Prosus, may speed up selling shares.
A family trust linked to Naspers chairman Koos Bekker has offloaded the euro equivalent of R3.4-billion in Prosus, according to a regulatory filing.
Naspers is backing rent-to-buy car firm Planet42 in a $100-million debt and equity fundraising.
Prosus and its parent Naspers are planning to cut their corporate workforce by 30%, becoming the latest companies in global tech to announce layoffs.
The JSE reached an all-time high on Monday morning, led by South African technology and mining stocks.
Interim profit slipped 93% as the technology investor increased funding of its businesses and took a knock from Tencent.
Tencent Holdings on Wednesday said it will distribute most of its stake worth R350-billion in food delivery firm Meituan to its shareholders.