Being uninformed is so last season
22 October 2017 19:22 (South Africa)

Naspers shares slump after Tencent announcement

  • Andy Rice
    andy rice
    Andy Rice

    Andy Rice is a founding partner of Yellowwood Future Architects, a marketing strategy consultancy. In his other lives, he is the southern hemisphere's only supporter of Cambridge United Football Club, and was once upon a time the South African National Spoofing Champion. He has played football at Wembley and cricket at Lord's within the same weekend, but troubled the scorer on neither occasion. Things could only go up from here.

Naspers shares were severely affected on Tuesday by gaming company's Tencent Holdings' announcement that minors will not be allowed to use its virtual currency. Naspers owns 35% of Tencent. Naspers shares plummeted on the JSE yesterday, falling 5.71% to R262.60 by late afternoon.  Read more: Fin24

  • Andy Rice
    andy rice
    Andy Rice

    Andy Rice is a founding partner of Yellowwood Future Architects, a marketing strategy consultancy. In his other lives, he is the southern hemisphere's only supporter of Cambridge United Football Club, and was once upon a time the South African National Spoofing Champion. He has played football at Wembley and cricket at Lord's within the same weekend, but troubled the scorer on neither occasion. Things could only go up from here.

Get overnight news and latest Daily Maverick articles






Do Not Miss