Born and raised in Cape Town, but with internet investments across the emerging world, Naspers has always been proud of its JSE listing. However this listing has held it back for multiple reasons. One is simply the local nature of the JSE – some international funds are not mandated to invest in currencies outside of Euros, dollars or sterling. Another is simple visibility.
Naspers will join global technology firms like Philips and ASML, which provides lithography systems to chipmakers like Intel and Samsung. In the internet space, Dutch payment processor Adyen, which listed in June 2018 and doubled its price on listing, is arguably the most prominent. Adyen provides services to Netflix, Facebook and Uber and replaced PayPal as the main payment processor on Ebay.
An interesting aspect of the announcement is that Naspers will remain listed on the JSE and post the listing will own around 73% of the Amsterdam listed NewCo, along with the South African assets of Media24, Takealot, and some other small internet investments. Naspers’ rival , the giant Schibsted Media Group has done the same thing. Like Naspers, the Norwegian business was a traditional media company that progressed into online marketplaces and digital media.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BUSINESS MAVERICK — INVESTMENT ANALYSIS: Beyond traditional investments: cranes, planes and rock ’n rollCranes, planes, and rock and roll don’t seem to quite fit into the world of hard-core investments, but you may already have them in your portfolio. What are they doing there?
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: Once bulletproof, listed property stocks are flounderingThe listed property sector managed to ride out the economic and political turmoil during the corrosive Jacob Zuma years. Investors backing listed property stocks were consistently rewarded with inflation-beating dividends. However, worsening trading conditions are dampening results and forcing companies to downgrade their dividend growth.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Liquidity risks haunts China’s fast-growing bond marketsJust as Beijing is opening up to outsiders its byzantine regulatory framework and patchy trading volumes could cause a shock in the country’s debt market. But pravingordhan must be held account him and PresJGZuma there is no difference all have violated the constitution. Pravin is not above the law. Did u get that clear?
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: After gobbling up Lonmin, the Sibanye juggernaut rolls onSibanye-Stillwater and Lonmin shareholders on Tuesday 28 May 2019 approved a takeover offer by the former for the latter. This marks the end of one era in South African platinum as Lonmin, formerly linked to Lonrho, rides off into the sunset, with a history stretching back over a century. And a new era is in the offing, as Sibanye becomes the world’s largest primary producer of platinum group metals (PGMs), with an eye on expanding into battery metals.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: Erik Venter leaves Comair on a high and profitable noteDespite dismal trading conditions in SA’s airline industry, Comair has enjoyed an unbroken record of profit since its inception 73 years ago. The JSE-listed company, which operates low-cost brand kulula.com and British Airways under licence, has also consistently rewarded shareholders with dividends. The shocking resignation of its long-time CEO has left analysts wondering who can fill his big shoes.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Global bond rally drives Treasury Yields to lowest since 2017The US-China trade conflict and cracks in the global economy are herding investors to the safest parts of financial markets, pushing yields to multiyear lows and strengthening bets that the Federal Reserve will cut interest rates in 2019.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: US charges Assange with new Counts of espionage violationsWikiLeaks founder Julian Assange was indicted on additional charges unsealed Thursday accusing him of violating the Espionage Act by engaging in a wide-ranging effort to obtain classified information about the Iraq and Afghanistan wars and other matters.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: This week in the world economy and what it meansThe escalating trade war between the US and China drew fresh headlines this week as economists start to hit the panic alarm over what it may mean for the global economy. Here’s our weekly review of the world economy and the lessons learned.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: SA Reserve Bank holds rates, signals a cut on the horizonThe South African Reserve Bank kept the repo rate, the main lending rate, on hold as expected at 6.75% on Thursday. Two out of five members of the Monetary Policy Committee voted for a cut, and the statement signalled the next move will likely be downward. This is largely because the deplorable state of the economy has put a lid on any demand pressures that could reignite inflation.
Source: dailymaverick - 🏆 3. / 84 Read more »