Tag: naspers shareholders

The tax, discount implications of Naspers shareholders taking up their Prosus shares

It's decision time for Naspers shareholders. They are required to make a choice between taking up shares in Prosus, the new European-listed business that will hold Naspers’ non-SA investments, including its stake in Tencent, or taking up additional Naspers shares. Should you elect Prosus shares, which is the outcome if you take no action, you will likely trigger a capital gains tax liability. For example if you own 500 shares you will likely trigger a CGT liability of around R83 033. So what should you do? Henry Biddlecombe, Portfolio Manager at Anchor Capital South Africa joins CNBC Africa for more.
Advertisment