It matters not that at some moments in the past, a person did good or bad. What matters is the evolution of their work over time, writes Mpumelelo Mkhabela.
Scattered clouds. Mild.
It appears there will be more buying of Naspers shares over the next few days, says a market analyst.
Prosus made a strong start to its first trading day in Amsterdam and Johannesburg.
Brand-new company Prosus, which now owns all of Naspers’ international internet assets, will make its debut on the Euronext bourse in Amsterdam.
Naspers CFO Basil Sgourdos told Fin24 that the internet giant appreciated the 'resounding vote of confidence' from shareholders as an exciting development in the company's history.
The media and internet giant is aiming to list its international internet assets on the Euronext Amsterdam exchange, with a secondary inward listing on the JSE.
The JSE rallied on Wednesday on the back of broad-based gains across all the major indices which were inspired by gains across most global stocks.
Naspers is all set to list internet assets including Tencent Holdings in Amsterdam after valuing the newly created group at about R1.5 trillion.
The dominance of Naspers over the South African stock market is about to be reduced - partially at least.
Naspers shareholders have voted to support a resolution for the proposed spinoff and Amsterdam listing of the company's international technology interests.
Naspers had scheduled the Prosus listing for July 17. It now plans to list in September, following a shareholders meeting in mid-August.
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