But the unexpected gains have hurt Nasper's headache and now account for 25% of the total value of the 40 largest companies on the Johannesburg Stock Exchange – Compared to 5% five years ago, which forces investors to sell Naspers shares so they are not overly exposed to a single stock, as a result Naspers trades at around 30-35% of the value of its assets, Jean Pierre said Verster, founder and CEO of Protea Capital Management.
This should help relocate to Amsterdam, and according to Prosus 'list, Naspers' weighting in the top 40 of Johannesburg is expected to be around 18-19 % sink, said Verster.
Prosus will also give funds that are only allowed to invest in listed European companies, the opportunity to enter into commitments in such companies China's Internet sector for the first time, added Verster.
Tencent, which owns the WeChat News Platform and a variety of payment applications and mobile games, is one of the largest technology groups in China. Naspers will continue to own at least 73% of Prosus, which also owns other technology assets such as shares in the Restaurant App Delivery Hero, the online classifieds business OLX Group and the Russian Internet company Mail.ru.
Even without Tencent, Naspers returned more than 20% a year, significantly outperforming most of its equity capital, said Ruan Stander, a portfolio manager for Cape Town-based asset manager Allan Gray. The company owns 2.2% of Naspers.
Naspers has previously sold shares in the Indian e-commerce company Flipkart and the Poland-based online marketplace Allegro Group with substantial profits.
It's now focusing on van Dijk said, "The listing of their classifieds business under the OLX brand could be the next step," said Charl Wolmarans, an analyst at Avior Capital Markets.