Predictions are hard, especially when they concern the future, so the saying goes. But confidence is building that the listing of Naspers’ offshoot Prosus in Amsterdam Euronext in September could bring some relief to JSE investors who have endured a terrible few years.
And yet, the dynamics of the company will be changing dramatically. The most public optimist up till now is global banker JP Morgan, which published a note to investors on August 26 pointing out how things will shift. It sounds great – it always does when a bank is trying to sell its investors on the idea of buying what it is selling. But there are alternative arguments.
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