Koos Bekker sells R3bn in Prosus shares to fund hotels | Business

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Naspers and Prosus chair Koos Bekker has sold Prosus shares worth R3.4 billion to fund the development of hotels. | News24_Business

Bekker founded the M-Net pay-television business in 1985 and became CEO of Naspers in 1997. He was appointed as chair in 2015. In 2001, under his leadership, Naspers bought a third of Chinese internet firm Tencent for $34 million. Tencent's total market value has since skyrocketed to more than $470 billion.

Prosus' share price rose more than 72% over the past year, while Naspers almost doubled.In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

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