Commenting on the guidance provided by the new Prosus CEO, Peter Takaendesa, Head: Equities at Mergence Investment Managers, said on News24 that the Mergence view remains that a combination of sustained profitability improvement in all non-Tencent operations of Prosus, open-ended share buybacks continuation and disciplined capital allocation going forward will be very strong drivers of closing the discount to NAV at both Prosus and Naspers.
Rand resilience masks a fragile equilibrium
The rand’s recent resilience has surprised many, but it risks being misread. Strength in the currency over the past year
