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Breakingviews TV: Out of Africa

Monday, September 16, 2019 - 03:00

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.

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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.

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Breakingviews TV: Out of Africa

Monday, September 16, 2019 - 03:00