Podcasts · WorldWide Markets with Simon Brown
Naspers & Prosus: down 50% in a year; half price, or half the story?
· 20 min · Episode 698
Episode Naspers & Prosus: down 50% in a year; half price, or half the story?
Naspers and Prosus have roughly halved over the past year. Simon Brown unpacks why: three-quarters of the fall is Tencent, the rest is a stronger rand, while the holdco discount has barely budged at around 40%. At R664 Prosus offers about R1,135 of value, but billions in buybacks haven't closed the gap, and Tencent's capex surge has spooked the market.
Topics: Top 40 chart of the week, actively managed ETFs at the Standard Bank Power Hour, the new JustOneLap ETF dividends page, Naspers and Prosus discount maths, the buyback loop, Tencent capex and AI, Just Eat Takeaway and iFood, bull and bear cases, and the November results to watch.
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