This decision cost Naspers R900 billion

[Bradley Prior]

This decision cost Naspers R900 billion

If Naspers held on to its full 33.2% Tencent share and reinvested dividends from the Chinese giant, it would have been worth R2.14 trillion — R900 billion more than what Naspers shareholders currently have. [Daily Investor]

 

[Johand]

Even the share buyback program will not unlock shareholder value in the long run. Fire Bob is all I can say

 

[RonSwanson]

If it only held onto its 33.2% Tencent stake, paid out part of the dividends to shareholders, and kept some for other purposes, its stake would still be worth R2.03 trillion.


The value Naspers shareholders currently have, following the creation of Prosus, the MultiChoice unbundling, and share buybacks are only R1.24 trillion.

It all depends on the timing of the individual investors. I don't give a toss for Naspers, Prosus or Tencent, but I made a lot of good money out of them though

 

[Opinion 1]

Not that it wasn't called 4 years ago ...

The silent Naspers coup: how Koos Bekker gave away the family jewels [Opinion]

Former Pricecheck CEO Andre de Wet argues that Naspers chair Koos Bekker sold out SA by appointing Bob van Dijk as CEO, who is moving wealth offshore.

ventureburn.com

But Bob 'out-Koosed', Koos and made himself and his eBay B-team a couple of billion along the way:
2020: https://www.moneyweb.co.za/news/companies-and-deals/bob-van-dijk-sells-naspers-shares-worth-r1bn/
2022: https://mybroadband.co.za/news/inve...during-companys-aggressive-stock-buyback.html

 

[Synaesthesia]

The Finkelstiens ? Wow interesting reference.

 

[backstreetboy]

The Finkelstiens ? Wow interesting reference.

 

[Ryannza]

Yeah. More excuses in the public eye to not pay taxes.
Like how takealot had so much in losses, but when you look at all their new mammoth warehouses.... That says something else

 

[Johand]

Yeah. More excuses in the public eye to not pay taxes.
Like how takealot had so much in losses, but when you look at all their new mammoth warehouses.... That says something else

They built it using Tencent money. Takealot is running at a loss.